2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Tran
Veteran Entrepreneurship Program

Item 470 #4h

Item 470 #4h

First Year - FY2023 Second Year - FY2024
Veterans and Defense Affairs
Department of Veterans Services FY2023 $0 FY2024 $1,500,000 GF

Page 556, line 11, strike "$35,554,301" and insert "$37,054,301".

Page 557, after line 52, insert:

"J. Out of this appropriation, $1,500,000 the second year from the general fund is provided for the authority to establish two pilot veteran entrepreneur development programs. One pilot location shall be located in the Northern Virginia region, and one shall be located in the Hampton Roads region. Each center must serve at least 30 veterans during the pilot program period, and must apply the Entrepreneurial Technical Assistance Methodology offered by Incubation Operations, Training and Applications, LLC."


(This amendment provides $1.5 million in fiscal year 2024 from the general fund to support the creation of regional pilot programs to develop veteran entrepreneurs.)