RD395 - Center for Innovative Technology and Innovation and Entrepreneurship Investment Authority Expenditure Report – Fiscal Year 2019


Executive Summary:

Annual detailed expenditure report of the Innovation and Entrepreneurship Investment Authority for the concluded fiscal year, including:  1. All planned and actual revenue and expenditures along with funding sources, including state, federal, and other revenue sources, of both the Innovation and Entrepreneurship Investment Authority and the Center for Innovative Technology; 2. A listing of the salaries, bonuses, and benefits of all employees of the Innovation and Entrepreneurship Investment Authority and the Center for Innovative Technology; 3. By program, total grants made and investments awarded for each grant and investment program, to include the Commonwealth Research Commercialization Fund; 4. By program, the projected economic impact on the Commonwealth and recoveries of previous grants or investments and sales of equity positions; and 5. Cash balances by funding source, and report, by program, available, committed, and projected expenditures of all cash balances.  [Includes reporting requirements of Item 126.10 D.1. of the 2019 Appropriation Act.]