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Measure Last Modified
08-17-2022 12:29 p.m.
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Measure Last Published
08-26-2022 11:49 a.m.
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Status
Active
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Data Source and Calculation
This measure represents the Department of Housing and Community Development's (DHCD) costs divided by the number of jobs created by the localities and/or businesses using the grants. DHCD defines its costs to include the actual amount of economic development grants expended on projects creating jobs. Covered programs include Community Development Block Grants (CDBG), the Appalachian Regional Commission (ARC), the Virginia Main Street Program, GO Virginia, and the Enterprise Zone (EZ) Program.
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| Enterprise Priorities and Strategies |
| Initiative |
Priority |
Strategy |
| Service Area Code |
Service Area Name |
| 53305 |
Financial Assistance for Community Development |
| 53410 |
Financial Assistance for Economic Development |
| Name |
Date |
Result |
Note |
| Baseline |
|
1000.0 |
|
| Short Target 2025 |
|
None |
|
| Long Target 2027 |
|
None |
None |
| Year |
Result |
Note |
| 2011 |
2,226 |
|
| 2012 |
3,145 |
|
| 2013 |
2,351 |
This is DHCD's cost including the grant amount associated with awarding economic development grants divided by the number of jobs created by localities and businesses utilizing the grants. DHCD's costs include the administrative costs for staff supporting the grant programs and the actual amount of the grant expended on projects that generate job development. |
| 2014 |
2,742 |
This is DHCD's cost including the grant amount associated with awarding economic development grants divided by the number of jobs created by localities and businesses utilizing the grants. DHCD's costs include the actual amount of the grant expended on projects that generate job development. |
| 2015 |
1,128 |
This is DHCD's cost including the grant amount associated with awarding economic development grants divided by the number of jobs created by localities and businesses utilizing the grants. DHCD's costs include the actual amount of the grant expended on projects that generate job development. The # of grants awarded has decreased due to available Federal resources declining and therefore the # of job producing grant projects is also declining. |
| 2016 |
1,633 |
This is DHCD's cost including the grant amount associated with awarding economic development grants divided by the number of jobs created by localities and businesses utilizing the grants. DHCD's costs include the actual amount of the grant expended on projects that generate job development. The # of grants awarded has decreased due to available Federal resources declining and therefore the # of job producing grant projects is also declining. |
| 2017 |
2,129 |
This is DHCD's cost including the grant amount associated with awarding economic development grants divided by the number of jobs created by localities and businesses utilizing the grants. In FY17, there was a 34+ increase in the amount of grant funds expended and 23+ increase in jobs created. This is due to an increase in investments for the Industrial Revitalization Fund, the Appalachian Regional Commission, and Building Entrepreneurial Economies programs. The FY 2016 result was incorrectly reported and was actually 1816 dollars spent per jobs created. |
| 2018 |
2,186 |
FY2018 reflects a 3+ that is due to an increase in DHCD investments in economic development grants that support job creation. |
| 2019 |
|
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| 2020 |
|
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| 2021 |
|
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| 2022 |
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| 2023 |
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| Measure ID |
M165SA12006 |
| Measure Class |
Productivity |
| Measure Type |
Output |
| Year Type |
State FY |
| Preferred Trend |
Decrease |
| Frequency |
Annually |
| Statistical Unit |
Dollar unit cost of jobs created |
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Report Filter
Performance Budgeting System Reports
