Performance Measure

Agency Department of Small Business and Supplier Diversity (350) All measures for this agency • 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 financial institutions and economic development partners. [350.0011]

Measure Name Make available a pool of Small, Women, and Minority (SWaM) and Disadvantaged Business Enterprise (DBE) certified vendors for local, state, and corporate/private entities.

Measure Last Modified Jul 21 2021 02:12 Measure Last Published Sep 04 2019 02:48 Measure Status Active Data Source and Calculation Source: SWaM and DBE Director or Jasper Report from the Certification Portal Calculation: The total number of SWaM and DBE certified businesses in the Directory or Jasper report as of June 30th. Enterprise Priorities and Strategies Enterprise Initiative Enterprise Priority Enterprise Strategy Economy Business Climate and Economic Development Promote Virginia’s competitive business climate to maintain the designation as the best state for business. StandIn X Associated Service Areas SA Code SA Name 53414 Minority Business Enterprise Certification 53418 Business Information Services 53423 Financial Services for Economic Development StandIn X

Measure ID 350.0007 Measure Class Agency Key Measure Type Output Year Type State FY Preferred Trend Increase Frequency Annually Statistical Unit number

Baseline and Targets Target Name Date Result Note Baseline 14000 Short Target 2020 15000 Long Target 2022 15500 StandIn X

Measure Results Year Result Explanatory Note 2013 2014 2015 2016 14,727.00 2017 15,649.00 2018 14,579.00 2019 14,179.00 2020 15,078.00 2021 16,585.00 2022 StandIn X

- Run Date: 09/12/2021 01:04:33