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Virginia Department of Planning and Budget

The 2013 Executive Budget Document

Economic Development Incentive Payments
Mission Statement
This agency serves as a holding account for state incentive programs to localities, companies opening or expanding a business facility within the Commonwealth, and production companies and producers who film their product in the Commonwealth. These incentives include performance-based finanical assistance, infrastructure development grants, and customized training and support programs. These programs are administered by the Virginia Economic Development Partnership and the Virginia Tourism Authority. This agency is also a holding account for funding administered by the Center for Innovative Technology to advance science and technology based research, development, and commercialization.
Operating Budget Summary
  General Fund Nongeneral Fund Personnel Cost
2009 Appropriation $ 0  $ 0  $ 0 
2010 Appropriation $ 0  $ 0  $ 0 
2011 Appropriation $ 49,995,436  $ 475,000  $ 0 
2012 Appropriation $ 46,095,384  $ 375,000  $ 0 
2013 Addenda $ 55,001,745  $ 535,000  $ 0 
2013 Addenda $ (550,000)  $ 0  $ 0 
2013 Total $ 54,451,745  $ 535,000  $ 0 
2014 Addenda $ 57,908,955  $ 375,000  $ 0 
2014 Addenda $ (1,450,000)  $ 0  $ 0 
2014 Total $ 56,458,955  $ 375,000  $ 0 
Authorized Position Summary
  General Fund Nongeneral Fund Total Positions
2009 Appropriation 0.00  0.00  0.00 
2010 Appropriation 0.00  0.00  0.00 
2011 Appropriation 0.00  0.00  0.00 
2012 Appropriation 0.00  0.00  0.00 
2013 Addenda 0.00  0.00  0.00 
2013 Addenda 0.00  0.00  0.00 
2013 Total 0.00  0.00  0.00 
2014 Addenda 0.00  0.00  0.00 
2014 Addenda 0.00  0.00  0.00 
2014 Total 0.00  0.00  0.00 
Recommended Operating Budget Addenda