Performance Measure

Agency Department of Small Business and Supplier Diversity (350) All measures for this agency • Program Utilization [350.0012] • Jobs retained and created [350.0013] • Number of jobs created and retained by businesses receiving loans from the Virginia Small Business Financing Authority [350.0005] • Make available a pool of Small, Women, and Minority (SWaM) and Disadvantaged Business Enterprise (DBE) certified vendors for local, state, and corporate/private entities. [350.0007] • Enhance the Reporting and Data Outputs to measure the SWaM and DBE IMPACT on the community (i.e. localities, higher education, and state). [350.0006] • Unit cost of processing certification applications (total costs required for processing applications, divided by, number of certification applications processed) [350.0008] • Continuous education and marketing to the Financial Services Industry (Banking) of the need for “gap” funding for SWaM and DBE businesses as they compete and acquire contracts. [350.0001] • Average number of days to process a Small, Women, and Minority (SWaM) certification application. [350.0002] • Number of small promotional activities aimed at Small, Women, Minorities and Disadvantaged Business Enterprises [350.0003] • Provide education and outreach to assist Virginia small businesses with strategic growth and development. [350.0004] • Number of partners collaborated with annually to support Virginia small businesses. [350.0009] • Support of service disabled veteran businesses through certification. [350.0010] • Number of presentations to network partners. [350.0011]

Measure Name Number of jobs created and retained by businesses receiving loans from the Virginia Small Business Financing Authority

Measure Last Modified Sep 21 2018 05:36 Measure Last Published Aug 26 2022 06:38 Measure Status Retired Data Source and Calculation Job database Result is the sum of jobs created and retained by this program. Associated Service Areas SA Code SA Name 53423 Financial Services for Economic Development StandIn X

Measure ID 350.0005 Measure Class Other Agency Measure Type Output Year Type State FY Preferred Trend Increase Frequency Annually Statistical Unit number

Baseline and Targets Target Name Date Result Note Baseline Short Target 2023 Long Target 2024 StandIn X

Measure Results Year Result Explanatory Note 2013 2,672.00 2014 2,193.00 2015 2,204.00 2016 4,810.00 2017 3,310.00 2018 19,115.00 2019 StandIn X

- Run Date: 04/26/2024 04:23:01