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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Small Business and Supplier Diversity

Item 122 #2h

Item 122 #2h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Virginia Economic Development Partnership FY2019 $305,653 FY2020 $305,653 GF

Language
Page 96, line 41, strike "$29,597,198" and insert "$29,902,851".
Page 96, line 41, strike "$32,107,392" and insert "$32,413,045".


Explanation

(This amendment transfers the personnel costs for the Directors of the Small Business Investment Grant Fund and the Small Business Jobs Grant Fund, both of which are currently located in the Department of Small Business and Supplier Diversity, to the Virginia Economic Development Partnership and provides funding resources of $305,653 from the general fund each year of the biennium for two positions to manage these incentives fund programs. Companion budget amendments transfer the resources of the Department of Small Business and Supplier Diversity, including the small business certification programs, to the Secretariat of Administration, and others to the Economic Development Incentives segments of the budget.)