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| Document Summary | - Report Published - |
Report Document No. 33
PUBLICATION YEAR 2012 | |
| Document Title |
| Annual Executive Summary of Interim Activity of the Tobacco Indemnification and Community Revitalization Commission - FY11: 07/01/11 - 01/10/12 |
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| Author |
| Tobacco Indemnification and Community Revitalization Commission, Board Chairman |
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| Enabling Authority |
| § 3.2-3102 (F.) |
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| Executive Summary |
Life to Date: 1,475 grants approved and $834 million obligated
FY12 to Date: 154 grants approved and $142.5 million obligated
New Publication Links:
FY11 Annual Report:
http://www.tic.virginia.gov/pdfs/Annual%20Reports/2011%20Annual%20Report%20VAtobacco_final_web.pdf
Meeting Summary
Two Commission Meetings:
9/29/11 in Abingdon, VA
1/10/12 in Richmond, VA
(next meeting 5/24/12, location tbd)
Three Executive Committee Meetings:
9/28/11 in Abingdon, VA – TROF review, default appeals review and final indemnification pmts.
12/14/11 in Roanoke, VA – strategic planning, utility infrastructure financing, access to healthcare and Commission Bylaws
1/9/12 in Richmond, VA – TROF update, TROF appeals and budget amendments
Four Research and Development Committee Meetings:
9/22/11 in Roanoke, VA – program review, referred applications, study group reporting and new grant requests: two recommended for $5,079,222.
9/29/11 in Roanoke, VA – program review and process improvement
12/14/11 in Roanoke, VA – changes to policy and process
1/10/12 in Richmond, VA – scoring results, application summaries and grant review process: five recommended for $11,680,886.
Two Special Projects Committee Meetings:
9/15/11 in Roanoke, VA – review of 21 grant proposals: 12 recommended for $15,641,932; one tabled; one withdrawn; three referred to other Committees; four declined.
1/10/12 in Richmond, VA – review of 8 grant proposals; one Special Project recommended for $250,000; seven Megasites recommended for $28,143,497.
Two Education Committee Meetings:
9/22/11 in Roanoke, VA – Southside, VA loan forgiveness, review of 42 grant proposals: 33 recommended for $14,033,692; two tabled; seven declined.
12/6/11 in Roanoke, VA – scholarship program guidelines
Two Southside Economic Development Committee Meetings:
9/22/11 in Roanoke, VA - review of four grant proposals: four recommended for $4,132,353.
12/6/11 in Roanoke, VA - review of 14 grant proposals: 11 recommended for $7,864,628; one tabled; two declined.
One Southwest Economic Development Committee Meeting:
9/15/11 in Roanoke, VA – review of 23 grant proposals: 12 recommended for $10,045,851; seven tabled; four declined.
One Agribusiness Committee Meeting:
12/6/11 in Roanoke, VA – review of 20 grant proposals: six recommended for $2,947,011; one tabled, 13 declined.
Other Meetings:
8/17/11 TIC Policy Review Committee (JLARC) – Danville, VA
9/1/11 R&D Study Group – Richmond, VA
Reserve Fund Summary:
- Est. in 2009
- Provided match to attract non-Commission funds
- Must prove matching funds to receive award
- Closed Program 10/28/10
- Program received 105 applications
- To date 53 grants awarded for a total of $39 million
Tobacco Region Opportunity Fund Summary:
- 19 TROF’s closed:
Total amount awarded for all 19: $4,142,798
2510 total jobs and $105,632,570 capital investment promised
10 grants defaulted
- $510,494 in TROF clawbacks collected
- FY12 approvals to date: 16 projects totaling $8,961,874 |
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