2021 Session

Budget Amendments - HB1800 (Member Request)

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Chief Patron: Bulova
International Trade Plan Funding

Item 130 #1h

Item 130 #1h

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Virginia Economic Development Partnership FY2021 $0 FY2022 $2,470,000 GF
FY2021 0.00 FY2022 3.00 FTE

Page 123, line 44, strike "$40,302,309" and insert "$42,772,309".

Page 125, after line 4 insert:

"M. Out of the amounts in this item, $2,470,000 the second year from the general fund is provided to support implementation of Virginia's International Trade Plan. Out of the amounts provided in this paragraph, $1,500,000 is designated to expand the Virginia Leaders in Export Trade Program and $570,000 shall be used to support Virginia businesses with supply chain security. The remaining funds shall be used to expand current trade programs managed by VEDP."


(This amendment provides support for VEDP's share of the International Trade Plan (ITP), totaling $2.5 million in the second year from the general fund. The ITP was developed by VEDP's Advisory Committee on International Trade. A corresponding amendment at the Virginia Department of Agriculture and Consumer Services provides an additional $500,000 to expand the agency's trade programs.)