Number of companies assisted by the Virginia Jobs Investment Program
Measure Last Modified
Measure Last Published
Status
Active
Data Source and Calculation
<p><span style="font-family: Verdana; color: black; font-size: 7.5pt;">The Virginia Jobs Investment Program maintains a database to track the projects that seek assistance from the Department. The tracking database will calculate the number of companies assisted during the fiscal year and records the number of companies that received grants from the Department of Business Assistance. Not all companies who apply for the grant receive funding within the same fiscal year. The database will track those companies that received grants within the fiscal year and calculate the final numbers in a generated report at the end of the fiscal year. The database contains companies that have applied for funding from the Virginia Jobs Investment Program. </span></p>
Enterprise Priorities and Strategies
Initiative
Priority
Strategy
Associated Service Areas
Service Area Code
Service Area Name
Targets and Baselines
Name
Date
Result
Note
Baseline
None
None
Short Target 2025
None
None
Long Target 2027
None
None
Results
Year
Result
Note
1997
315.00000
This is an annual measure.
1998
348.00000
This is an annual measure.
1999
439.00000
This is an annual measure.
2000
448.00000
This is an annual measure.
2001
391.00000
This is an annual measure.
2002
265.00000
This is an annual measure.
2003
340.00000
This is an annual measure.
2004
507.00000
This is an annual measure.
2005
520.00000
This is an annual measure.
2006
575.00000
This is an annual measure.
2007
497.00000
This is an annual measure.
2008
500.00000
This is an annual measure.
2009
458.00000
This is an annual measure.
2010
504.00000
This is an annual measure.
2011
576.00000
None
2012
511.00000
The number of companies assisted was down 11 percent from 2011 due to a number of different factors, one of which was the economy. The Virginia Jobs Investment Program lost one Project Manager. However, the loss of the Project Manager should not have made a difference because the Project Manager resigned a couple of months before the Fiscal Year ended.
2013
433.00000
The number of companies assisted by the Virginia Jobs Investment Program decreased in FY13. This was due to the fact that the Virginia Jobs Investment Program lost several Project Managers in FY13. Coverage in Northern Virginia has been reduced and the Governor’s office has not approved any requests for more hires. Also, VJIP stopped tracking the LIWT projects that were in the system prior to 2013, which also reduced the number of projects that were counted.