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Agency Unknown (325)
Measure Name Cost to administer an economic development project seeking assistance from 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 average cost to administer an economic development project seeking assistance from the Virginia Jobs Investment Program is the administrative budget divided by the number of projects that the Virginia Jobs Investment Program runs every year.&nbsp;</span></p> <p><span style="font-family: Verdana; color: black; font-size: 7.5pt;">The average costs can fluctuate based on the number of projects that the Virginia Jobs Investment Program runs every year and the administrative costs that is budgeted for the program.&nbsp; The past two years have had an increase because we were in the process of updating the tracking database and used funds in the administrative budget to pay for the upgrade.&nbsp; The older system was outdated and it started to create problems with missing data and numbers and had to be replaced.&nbsp; &nbsp;</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
2008 2055.00000 None
2009 1904.00000 None
2010 1711.00000 None
2011 2574.00000 None
2012 2362.00000 The cost to administer an economic development project seeking assistance from the Virginia Jobs Investment Program is the administrative costs divided by the number of projects. In Fiscal Year 2012, the average cost was lower than in Fiscal Year 2011. For the past two fiscal years, we have only counted the number of projects that were run and the administrative costs for the Virginia Jobs Investment Program. If the average costs were determined the same way, it would have been higher.
Measure ID 32553403.002.003
Measure Class Productivity
Measure Type Output
Year Type State FY
Preferred Trend Decrease
Frequency Annually
Statistical Unit Dollars
sp134 Performance Measure - 06-07-2025 06:14:40