The 2008 Executive Budget Document
Virginia Economic Development Partnership
Mission Statement
To enhance the quality of life and raise the standard of living for all Virginians, in collaboration with Virginia communities through aggressive business recruitment, expansion assistance, and trade development, thereby building the tax base and creating higher income employment opportunities.
Operating Budget History
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2005 Appropriation | $ 15,933,880 | $ 0 | 0.00 |
2006 Appropriation | $ 15,616,939 | $ 0 | 0.00 |
2007 Appropriation | $ 18,562,701 | $ 0 | 0.00 |
2008 Appropriation | $ 16,962,701 | $ 0 | 0.00 |
General Fund | Nongeneral Fund | Positions | |
---|---|---|---|
2009 Base Budget | $ 16,962,701 | $ 0 | 0.00 |
2009 Addenda | $ 413,309 | $ 0 | 0.00 |
2009 Total | $ 17,376,010 | $ 0 | 0.00 |
2010 Base Budget | $ 16,962,701 | $ 0 | 0.00 |
2010 Addenda | $ 413,309 | $ 0 | 0.00 |
2010 Total | $ 17,376,010 | $ 0 | 0.00 |
Recommended Operating Budget Addenda
-
Distribute Central Appropriations amounts to agency budgetsAdjusts the agency budget to reflect amounts moved from Central Appropriations to cover the cost of items such as the continuation of 2007 and 2008 salary and health insurance premium increases, as well as changes in retirement and disability contribution rates and other centrally funded items. For each year, $1.1 million (GF).
-
Continue 2008 budget reductionsContinues the budget reductions included in the Governor's 2008 reduction plan into the 2008-10 biennium. For each year, a reduction of $920,000 (GF).
-
Eliminate funding for modeling and simulationRemoves funding currently in the agency's budget to market the Commonwealth's modeling and simulation industry. For each year, a reduction of $125,000 (GF).
-
Market to India and ChinaProvides funding for the Partnership to provide a presence in both India and China. This may include working with local and regional economic development offices, other state agencies, universities, and private sector partners. This funding will allow the Partnership to capitalize on gains achieved in both of these growing markets. For each year, $100,000 (GF).
-
Provide matching funds for the Virginia International Trade Alliance programProvides funding to match funds generated from private sector participants in the Virginia International Trade Alliance program. The program is a coalition of private sector companies across the Commonwealth dedicated to the advancement of international trade and investment. It is staffed by the Partnership and the Virginia Port Authority. For each year, $250,000 (GF).