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Virginia Department of Planning and Budget

The 2011 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, and assistance to impacted localities in implementing and responding to the recommendations of the 2005 Base Realignment and Closure Commission. These incentives include performance-based financial assistance, infrastructure development grants, and customized training and support programs. These programs are administered by the Virginia Economic Development Partnership, the Virginia Tourism Authority, and the Virginia National Defense Industrial Authority.
Operating Budget Summary
  General Fund Nongeneral Fund Personnel Cost
2011 Base Budget $ 52,995,436  $ 475,000  $ 0 
2011 Addenda $ (3,000,000)  $ 0  $ 0 
2011 Total $ 49,995,436  $ 475,000  $ 0 
2012 Base Budget $ 42,223,436  $ 375,000  $ 0 
2012 Addenda $ 34,051,948  $ 0  $ 0 
2012 Total $ 76,275,384  $ 375,000  $ 0 
Authorized Position Summary
  General Fund Nongeneral Fund Total Positions
2011 Base Budget 0.00  0.00  0.00 
2011 Addenda 0.00  0.00  0.00 
2011 Total 0.00  0.00  0.00 
2012 Base Budget 0.00  0.00  0.00 
2012 Addenda 0.00  0.00  0.00 
2012 Total 0.00  0.00  0.00 
Recommended Operating Budget Addenda