Performance Measure
Agency
Measure Name
Number of new jobs created as a result of enterprise zone incentives.
Measure Last Modified
Sep 09 2014 04:20
Measure Last Published
Jun 20 2017 04:26
Measure Status
Active
Data Source and Calculation
Number of jobs reported on Enterprise Zone job creation grant applications. NOTE: Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2014 jobs reported will occur in fiscal year 2015.
Enterprise Priorities and Strategies
Enterprise InitiativeEnterprise PriorityEnterprise Strategy
EconomyBusiness Climate and Economic DevelopmentPromote Virginia’s competitive business climate to maintain the designation as the best state for business.
EconomyPovertyDevelop a clear and consistent anti-poverty policy.
Associated Service Areas
SA CodeSA Name
53410Financial Assistance for Economic Development
Measure ID16553410.001.001
Measure ClassAgency Key
Measure TypeOutcome
Year TypeState FY
Preferred TrendIncrease
FrequencyAnnually
Statistical UnitNumber of Jobs Created
Baseline and Targets
Target NameDateResultNote
Baseline
Short Target 201806/30/20181000
Long Target 202006/30/20201000
Measure Results
YearResultExplanatory Note
20003,351.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20012,445.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20021,269.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20034,279.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20043,213.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20053,549.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20062,461.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20072,866.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20081,825.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
20091,920.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2010924.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY’11 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. As noted last year, the phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 calendar year.
2011956.00The number businesses applying for the Job Creation Grant was up 20 percent from last year; and job creation saw a small (3 percent) increase over last year. However, job creation was about 57 percent less than projected for FY 2011 (2200). This decline in job creation reflects the severity of the recession and the fact that the recovery is slow and mainly jobless. The increase in usage of the incentive by businesses may be attributable to the FY’10 legislative change, providing funding priority to Job Creation Grants. The phasing out of the grandfathered tax credit program and this is creating a steady decline in requests; there was a 20 percent decrease for FY 2011 as well. The tax credit incentives will sunset in FY 2019. *The Job Data is for 2010 tax calendar year and paid in FY 2011.
2012976.00The number of businesses applying for the Job Creation Grant was up 16 percent from last fiscal year; and this was the second consecutive year with a small (2 percent) net increase in the number of jobs created. Job creation was at 97 + of the projected level for FY 2012 (1004). Missing the performance target reflects the severity of the recession and the fact that recovery continues to be slow and possibly stalled. The increase in usage of the incentive by businesses may be attributable to the FY 2010 legislative change, providing funding priority to Job Creation Grants. The grandfathered tax credit program is being phased out and this is creating a steady decline in requests; there was a 65 percent decrease for FY 2012. The tax credit incentives will sunset in FY 2019. Data is only available by calendar year; this data is for tax calendar year 2011 and paid in FY 2012.
20131,718.00Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2013 jobs reported will occur in fiscal year 2014.
20141,067.00Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2013 jobs reported will occur in fiscal year 2014.
20151,321.00Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2014 jobs reported will occur in fiscal year 2015.
20161,280.00Payments occur in June of the corresponding fiscal year. For example, payments for taxable year 2015 jobs reported will occur in fiscal year 2016. While the jobs do fluctuate annually (based on app counts or ramp-up schedules), the decrease in net new jobs compared to FY 2015 can be partially attributed to the impact of the 5-year JCG cycles. Eight companies had JCG cycles that went from GY 2005-2009, and/or GY 2010-2014, resulting in fewer applications for GY 2015 (FY 2016).
2017
- Run Date: 10/22/2017 05:08:05