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Measure Last Modified
09-22-2014 04:27 p.m.
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Measure Last Published
01-13-2015 04:04 p.m.
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Status
Active
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Data Source and Calculation
The Virginia Economic Development Partnership's (VEDP) costs associated with having companies locate and expand in Virginia divided by VEDP Assisted Direct Jobs Announced. VEDP costs include all business marketing costs and the portion of support costs, such as Administration and Information Technology applicable to the business marketing effort. The "VEDP Assisted" jobs are the jobs for which VEDP has an impact on the decision, which announced jobs data is tracked continuously by VEDP's Research Division.</p> <p>The preferred trend is to have the unit dollar cost go down.</p>
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| Enterprise Priorities and Strategies |
| Initiative |
Priority |
Strategy |
| Economy |
Business Climate and Economic Development |
Promote Virginia’s competitive business climate to maintain the designation as the best state for business. |
| Economy |
Diversification |
Attract businesses to the Commonwealth that operate in new and growing fields in the 21st century economy. Targeted areas include cyber security and biosciences. |
| Service Area Code |
Service Area Name |
| 53412 |
Economic Development Services |
| Name |
Date |
Result |
Note |
| Baseline |
|
None |
None |
| Short Target 2025 |
|
None |
None |
| Long Target 2027 |
|
None |
None |
| Year |
Result |
Note |
| 2008 |
796 |
|
| 2009 |
731 |
|
| 2010 |
730 |
|
| 2011 |
570 |
|
| 2012 |
954 |
The dollar unit cost per job increased because the costs remained approximately the same and the job creation fell from 26,068 in FY11 to 13,829 in FY12. |
| 2013 |
1,216 |
Cost per job rose again as FY13 job creation decreased to 10,290 while costs went down by a small percentage. |
| 2014 |
849 |
Cost per job decreased as the number of VEDP Assisted Jobs rose to 15,029 while costs substantially remained steady. |
| 2015 |
731 |
Cost per job decreased again this year due to the number of VEDP assisted jobs climbed to 18,756 |
| 2016 |
|
No longer calculating or publishing this measure |
| 2017 |
|
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|
| Measure ID |
31053412.002.002 |
| Measure Class |
Productivity |
| Measure Type |
Outcome |
| Year Type |
State FY |
| Preferred Trend |
Decrease |
| Frequency |
Annually |
| Statistical Unit |
Dollars |
|
Report Filter
Performance Budgeting System Reports
