OFFICE OF THE SECRETARY OF COMMERCE AND TRADE

Brian Ball

Location:
1111 East Broad Street, 4th Floor
Richmond, Virginia 23219
Tel. (804) 786-7831 Fax (804) 786-5602
Purpose:
The Secretary of Commerce and Trade oversees the economic, community, and workforce development of the Commonwealth, ensuring that Virginia sustains its position as the preeminent place to live, work and conduct business.
Secretary R. Brian Ball
Deputy Secretary Cassidy Rasnick
Assistant Secretary John Begala
Executive Assistant Cathy Stephens
Special Assistant Michael Jerakis
Board of Accountancy
Location:
Virginia Board of Accountancy
9960 Mayland Drive, Suite 402
Henrico, Virginia 23233
Tel. (804) 367-8505
Code Reference:
§ 54.1-4405
Purpose:
The Virginia Board of Accountancy (BOA) regulates certified public accountants in Virginia through a program of examination, licensure of individuals and CPA firms, consumer protection through enforcement of VBOA statutes and regulations, continuing professional education and peer review oversight.
Location:
Virginia Board of Accountancy
9960 Mayland Drive, Suite 402
Henrico, Virginia 23233
Tel. (804) 367-8505
Code:
§ 54.1-4402
Purpose:
The Board of Accountancy shall have the power and duty to establish the qualifications of applicants for licensure, provided that all qualifications shall be necessary to ensure competence and integrity, examine, or cause to be examined, the qualifications of each applicant for licensure, including the preparation, administration and grading of the CPA examination, promulgate regulations in accordance with the Administrative Process Act (' 2.2-4000 et seq.) necessary to assure continued competency, to prevent deceptive or misleading practices by licensees, and to effectively administer the regulatory system, levy and collect fees for the issuance, renewal, or reinstatement of Virginia licenses that are sufficient to cover all expenses of the administration and operation of the Board, and levy on holders of Virginia licenses special assessments necessary to cover expenses of the Board. The Board of Accountancy shall also initiate or receive complaints concerning the conduct of holders of Virginia licenses or concerning their violation of the provisions of this chapter or regulations promulgated by the Board, and to take appropriate disciplinary action if warranted, initiate or receive complaints concerning the conduct of persons who use the CPA title in Virginia under the substantial equivalency provisions of ' 54.1-4411 or firms that provide attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia under the provisions of subsection C of ' 54.1-4412.1, and to take appropriate disciplinary action if warranted, initiate or receive complaints concerning violations of the provisions of this chapter or regulations promulgated by the Board by persons who use the CPA title in Virginia under the substantial equivalency provisions of ' 54.1-4411 or firms that provide attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia under the provisions of subsection C of ' 54.1-4412.1, and to take appropriate disciplinary action if warranted, revoke, suspend, or refuse to renew or reinstate a Virginia license for just causes as prescribed by the Board, revoke or suspend, for just causes as prescribed by the Board, a person's privilege of using the CPA title in Virginia under the substantial equivalency provisions of ' 54.1-4411 or a firm's privilege of providing attest services, compilation services, or financial statement preparation services to persons or entities located in Virginia under the provisions of subsection C of ' 54.1-4412.1. The Board shall establish requirements for peer reviews, establish continuing professional educational requirements as a condition for issuance, renewal, or reinstatement of a Virginia license, expand or interpret the standards of conduct and practice in ' 54.1-4413.3, enter into contracts necessary or convenient for carrying out the provisions of this chapter or the functions of the Board, and do all things necessary and convenient for carrying into effect this chapter and regulations promulgated by the Board of Accountancy.
Composition:
The Board of Accountancy shall consist of seven members appointed by the Governor as follows: one member shall be a public member who may be an accountant who is not licensed but otherwise meets the requirements of clauses (i) and (ii) of ' 54.1-107; one member shall be an educator in the field of accounting who holds a Virginia license; four members shall be holders of Virginia licenses who have been actively engaged in providing services to the public for at least three years prior to appointment to the Board; and one member shall hold a Virginia license and for at least three years prior to appointment to the Board shall have been actively engaged in providing services to the public or in providing services to or on behalf of an employer in government or industry. Members of the Board shall serve for terms of four years. The Governor may remove any member as provided in subsection A of ' 2.2-108. Any member of the Board whose Virginia license is revoked or suspended shall automatically cease to be a member of the Board.

Members of the Board shall serve for terms of four years. The Governor may remove any member as provided in subsection A of ' 2.2-108. Any member of the Board whose Virginia license is revoked or suspended shall automatically cease to be a member of the Board.
Term:
Four years; no more than two successive full terms
Gubernatorial Appointees:
  • Term Expires
  • Laurie Ann Warwick6/30/2024
  • Wendy P. Lewis6/30/2024
  • Jay Bernas6/30/2024
  • William Russell Brown6/30/2025
  • W. Barclay Bradshaw6/30/2022
  • D. Brian Carson6/30/2023
  • Nadia A. Rogers6/30/2023
Center for Innovative Technology
Location:
Center for Innovative Technology
2214 Rock Hill Road
Suite 600
Herndon, Virginia 20170
Tel. (703) 689-3000
Code Reference:
§ 2.2-2221.01
Purpose:
Center for Innovative Technology (CIT) is a nonprofit corporation that accelerates the next generation of technology and technology companies. CIT creates new technology companies through capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology startup companies and advanced technology consumers.
Center for Rural Virginia
Location:
600 East Main Street
Third Floor
Richmond, Virginia 23219
Purpose:
To work with policymakers and stakeholders to create innovative solutions and expand entrepreneurial opportunities to ensure economic prosperity for all regions of the Commonwealth.
Location:
Virginia Rural Center
600 East Main Street
Third Floor
Richmond, Virginia 23219
Code:
§ 2.2-2721
Purpose:
The Board of Trustees of the Center for Rural Virginia shall manage, control, maintain and operate the center to sustain economic growth in the rural areas of the Commonwealth.
Composition:
The Center shall be governed by a board of trustees consisting of 21 members that include six legislative members, 12 nonlegislative citizen members, and three ex officio members to be appointed as follows: four members of the House of Delegates, to be appointed by the Speaker of the House of Delegates in accordance with the principles of proportional representation contained in the Rules of the House of Delegates; two members of the Senate, to be appointed by the Senate Committee on Rules; six nonlegislative citizen members to be appointed by the Speaker of the House of Delegates; four nonlegislative citizen members to be appointed by the Senate Committee on Rules; and two nonlegislative citizen members to be appointed by the Governor, subject to confirmation by the General Assembly. The Lieutenant Governor, or his designee, the Secretary of Commerce and Trade, or his designee, and the Secretary of Agriculture and Forestry, or his designee, shall serve ex officio with voting privileges. Nonlegislative citizen members of the Board shall be citizens of the Commonwealth of Virginia.

Legislative members and ex officio members shall serve terms coincident with their terms of office. Initial appointments of nonlegislative citizen members shall be staggered as follows: four members for a term of three years appointed by the Speaker of the House of Delegates; two members for a term of two years appointed by the Senate Committee on Rules; and one member for a term of two years appointed by the Governor. Thereafter, nonlegislative citizen members appointed by the Speaker of the House of Delegates or the Senate Committee on Rules shall be appointed for a term of two years, and nonlegislative citizen members appointed by the Governor shall be appointed for a term of four years. Appointments to fill vacancies, other than by expiration of a term, shall be for the unexpired terms. All members may be reappointed. However, no nonlegislative citizen member appointed by the Speaker of the House of Delegates or the Senate Committee on Rules shall serve more than four consecutive two-year terms, and no nonlegislative citizen member appointed by the Governor shall serve more than two consecutive four-year terms. The remainder of any term to which a member is appointed to fill a vacancy shall not constitute a term in determining the member's eligibility for reappointment. Vacancies shall be filled in the same manner as the original appointments.
Term:
Legislative members and ex officio members shall serve terms coincident with their terms of office. Initial appointments of nonlegislative citizen members shall be staggered as follows: four members for a term of three years appointed by the Speaker of the House of Delegates; two members for a term of two years appointed by the Senate Committee on Rules; and one member for a term of two years appointed by the Governor. Thereafter, nonlegislative citizen members appointed by the Speaker of the House of Delegates or the Senate Committee on Rules shall be appointed for a term of two years, and nonlegislative citizen members appointed by the Governor shall be appointed for a term of four years. Appointments to fill vacancies, other than by expiration of a term, shall be for the unexpired terms. All members may be reappointed. However, no nonlegislative citizen member appointed by the Speaker of the House of Delegates or the Senate Committee on Rules shall serve more than four consecutive two-year terms, and no nonlegislative citizen member appointed by the Governor shall serve more than two consecutive four-year terms. The remainder of any term to which a member is appointed to fill a vacancy shall not constitute a term in determining the member's eligibility for reappointment. Vacancies shall be filled in the same manner as the original appointments.
Senate Members:
  • The Honorable Frank M. Ruff Jr.
  • The Honorable Jennifer L. McClellan
House Members:
  • The Honorable Roslyn C. Tyler
  • The Honorable Chris L. Hurst
  • The Honorable Gwendolyn W. (Wendy) Gooditis
  • The Honorable Leslie R. (Les) Adams
Gubernatorial Appointees:
  • Term Expires
  • Elizabeth G. Povar6/30/2024
  • Hope F. Cupit6/30/2022
Legislative Appointees:
  • Ronald JeffersonJune 30, 2022
  • Eddie RamirezJune 30, 2022
  • Brian IsringhausenJune 30, 2022
  • Anne HerringJune 30, 2022
  • Chris Van VlackJune 30, 2023
  • Aviva Shapiro-FryeJune 30, 2023
  • Julie HensleyJune 30, 2023
  • Patricia Harper-TunleyJune 30, 2023
  • Lindsey WatsonJune 30, 2023
  • Dr. Willene JohnsonJune 30, 2023
Ex Officio Members:
  • The Honorable Justin E. Fairfax, Lieutenant Governor
  • The Honorable Brian Ball, Secretary of Commerce and Trade
  • The Honorable Bettina Ring, Secretary of Agriculture and Forestry
Department of Energy
Location:
1100 Bank Street, 8th Floor
Richmond, Virginia 23219
Code Reference:
§ 45.1-161.3
Purpose:
To enhance the development and conservation of energy and mineral resources in a safe and environmentally sound manner in order to support a more productive economy in Virginia.
Department of Housing and Community Development
Location:
600 East Main Street, Suite 300
Richmond, Virginia 23219
Tel. (804) 371-7000 Fax (804) 371-7090
Code Reference:
§ 36-132
Purpose:
To enhance the quality of individuals' and community life by promoting suitable, safe housing, economically viable communities; provide community services assistance, policy analysis, and research in the fields of community planning and management, housing and economic development; and provide for building and fire safety regulations.
Department of Small Business and Supplier Diversity
Location:
101 North 14th Street
11th Floor
Richmond, Virginia 23219
Tel. (804) 786-6585 ? Fax (804) 786-9736
Code Reference:
§ 2.2-1603
Purpose:
To promote small, women-owned, and minority-owned businesses; coordinate the state government programs that affect the establishment, preservation, and strengthening of these businesses; and serve as the liaison between the Commonwealth's existing business and state government in order to promote the development of Virginia's economy.
Innovation and Entrepreneurship Investment Authority
Location:
2214 Rock Hill Road, Suite 600
Herndon, Virginia 20170-4228
Tel. (703) 689-3000
Fax: (703) 689-3041
Code Reference:
§ 2.2-2219
Purpose:
The purpose of the Innovation and Entrepreneurship Investment Authority is to promote the economic development of the Commonwealth by attracting and retaining high technology jobs and businesses in Virginia.
Virginia Economic Development Partnership
Location:
901 East Cary Street
Post Office Box 798
Richmond, Virginia 23219
Tel. (804) 545-5600
Fax (804) 545-5611
Code Reference:
§ 2.2-2234
Purpose:
The Virginia Economic Development Partnership (VEDP) was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support development and expansion of the Commonwealth's economy. To accomplish these objectives, the Partnership focuses on business recruitment, expansion, and international trade. VEDP has offices in Virginia, Germany, Japan, and South Korea.
Virginia Housing Development Authority
Location:
601 South Belvidere Street
Richmond, Virginia 23220
Code Reference:
§ 36-55.27
Purpose:
To provide for low and moderate income persons and families financing and other assistance for safe and sanitary housing and energy-saving improvements which they could not otherwise afford.
Virginia Tobacco Region Revitalization Commission
Location:
Tobacco Region Revitalization Commission
701 East Franklin Street Suite 501
Richmond, Virginia 23219
Tel. (804) 225-2027
Fax: (804) 786-3210
Code Reference:
§ 3.2-3101
Purpose:
The Tobacco Region Revitalization Commission was established for the purposes of determining the appropriate recipients of moneys in the Tobacco Indemnification and Community Revitalization Fund and causing distribution of such moneys to provide payments to tobacco farmers as compensation for the adverse economic effects resulting from loss of investment in specialized tobacco equipment and barns and lost tobacco production opportunities associated with a decline in quota; and revitalize tobacco dependent communities.
Virginia Tourism Corporation
Location:
901 East Byrd Street, 19th Floor
Richmond, Virginia 23219
Code Reference:
§ 2.2-2315
Purpose:
The Virginia Tourism Authority (VTA) serves the broader interests of the Virginia economy by supporting, maintaining, and expanding the Commonwealth's domestic and international travel markets and motion picture production, thereby generating increased visitor expenditures, tax revenues, and employment. The VTA develops and implements programs beneficial to Virginia travel-related and motion picture production-related businesses and consumers.
Virginia Innovation Partnership Authority
Location:
Contact Us | Phone: 703.689.3000 | Fax: 703.689.3001 | info@VirginiaIPC.org
Code:
§ 2.2-2353
Purpose:
B. It is found and determined by the General Assembly that there exists in the Commonwealth a need to support the life cycle of innovation, from translational research; to entrepreneurship; to pre-seed and seed stage funding; and to acceleration, growth, and commercialization, resulting in the creation of new jobs and company formation. A collaborative, consistent, and consolidated approach will assist the Commonwealth in identifying its entrepreneurial strengths, including the identification of talents and resources that make the Commonwealth a unique place to grow and attract technology-based businesses. It is also found and determined by the General Assembly that there exists in the Commonwealth of Virginia a need to (i) promote the technology-based economic development of the Commonwealth by building, attracting, and retaining innovation and high-technology jobs and businesses in Virginia; (ii) increase industry competitiveness by supporting the application of innovative technologies that improve productivity and efficiency; (iii) attract and provide additional private and public funding in the Commonwealth to enhance and expand the scientific and technological research and commercialization at state and federal research institutions and facilities, including by supporting and working with technology transfer offices to advance research from proof-of-concept to commercialization resulting in new business and job creation; (iv) attract and provide additional private and public funding to support and enhance innovation-led entrepreneurship ecosystems and coordination of existing activities and programs throughout the Commonwealth to create new job opportunities and diversify the economy; (v) ensure promotion and marketing of Virginia's statewide innovation economy and support and coordinate regional marketing efforts to align local and statewide objectives; and (vi) close the Commonwealth's support gap through pre-seed and seed stage investments, coordination of private investor networks, and shared due diligence research.

C. To achieve the objectives set forth in subsection B, there is created and constituted a political subdivision of the Commonwealth to be known as the Commonwealth of Virginia Innovation Partnership Authority. The Authority's exercise of powers conferred by this article shall be deemed to be the performance of an essential governmental function and matters of public necessity for which public moneys may be spent and private property acquired. Nothing in this article shall be construed to diminish or limit the powers and responsibilities of institutions of higher education or other educational or cultural institutions set forth in Title 23.1, including but not limited to such institution's authority to establish its own independent policies and technology transfer offices.
Composition:
A. The Authority shall be governed by a board of directors consisting of 11 voting members as follows: (i) the Secretary of Commerce and Trade, or his designee; (ii) six nonlegislative citizen members appointed by the Governor; (iii) three nonlegislative citizen members appointed by the Joint Rules Committee; and (iv) one director of technology transfer office or equivalent position from a major research public institution of higher education, appointed by the Joint Rules Committee.

B. Of the nonlegislative citizen members appointed by the Governor, (i) two nonlegislative citizen members shall be from the investor community with experience as a partner in a venture capital fund with a minimum of $35 million under management or experience qualifying as an accredited investor, as defined by the federal Securities and Exchange Commission, who have experience investing, as an individual or as part of an angel group, in 10 or more early stage companies; (ii) two nonlegislative citizen members shall be from the technology sector with experience (a) as a founder of a science-based or technology-based business and who have raised equity capital or (b) as a senior executive in a science or technology company with operations in Virginia and with annual revenues in excess of $100 million; and (iii) two nonlegislative citizen members shall have experience acquiring or commercializing intellectual property through private research or experience acquiring or commercializing intellectual property from a university or other research institution. Of the nonlegislative citizen members appointed by the Joint Rules Committee, two nonlegislative citizen members shall have experience in entrepreneurial development or entrepreneurial community and network development. In making the appointments, the Governor and the Joint Rules Committee shall consider the geographic and demographic diversity of the Board.
Term:
After an initial staggering of terms, members of the Board shall serve terms of four years. No member shall be eligible to serve more than two terms. Any appointment to fill a vacancy shall be for the unexpired term. A person appointed to fill a vacancy may be appointed to serve two additional terms. Nonlegislative citizen members shall be citizens of the Commonwealth.
Gubernatorial Appointees:
  • Term Expires
  • Monique S. Adams6/30/2024
  • Richard W. Hall6/30/2025
  • Kurt M. John6/30/2024
  • Chiedo John6/30/2022
  • Barbara D. Boyan6/30/2024
  • Paula Sorrell6/30/2023
Research and Technology Investment Advisory Committee
Location:
Center for Innovative Technology
2214 Rock Hill Road, Suite 600
Herndon, Virginia 20170-4228
Tel. (703) 689-3000
Fax: (703) 689-3041
Code:
§ 2.2-2220.1
Purpose:
The Research and Technology Investment Advisory Committee shall assist the Authority in reviewing applications for awards from the Commonwealth Research Commercialization Fund pursuant to ' 2.2-2233.1 and make recommendations to the Authority concerning the awards. In reviewing the applications, the Advisory Committee shall only recommend for award those applications that, based upon the Commonwealth Research and Technology Strategic Roadmap and in the opinion of the Advisory Committee, are based upon sound scientific principles and present an opportunity for valid research, relate to a key industry sector identified in the Commonwealth Research and Technology Strategic Roadmap as an area of focus for technology investment in the Commonwealth, and present a significant potential for commercialization in the Commonwealth. In the case of an application for an award from the eminent researcher recruitment program pursuant to subdivision D 5 of ' 2.2-2233.1, the Advisory Committee shall only consider researchers who conduct viable research with significant potential for commercialization in an area related to a key industry sector identified in the Strategic Roadmap as an area of focus for technology investment in the Commonwealth.
Composition:
The Research and Technology Investment Advisory Committee shall be administered by the Authority and consist of ten members as follows: the four vice-provosts of research at major state institutions of higher education from the state institutions of higher education not represented on the Authority, the president and chief executive officer of the Virginia Economic Development Partnership, and five citizen members appointed as follows: the Speaker of the House of Delegates shall appoint one citizen who shall have experience in financing emerging technology businesses and one citizen who shall be a representative of an engineering firm, the Senate Committee on Rules shall appoint one citizen who shall be a representative of an engineering firm and one citizen who shall represent an independent or federal research facility in the Commonwealth, and the Governor shall appoint one citizen who shall represent a technology company with significant operations in the Commonwealth. A vice-provost of a state institution shall serve until the president of the institution that he represents is appointed to serve on the Authority, at which time the vice-provost of the state institution no longer represented on the Authority shall become a member of the Advisory Committee. Citizen members shall be appointed for terms of four years. A citizen member may be appointed for successive terms.
Term:
Four year terms
Gubernatorial Appointees:
  • Term Expires
  • Jay Scott Tolleson6/30/2023
Legislative Appointees:
  • Dr. Venkat RaoJune 30, 2023
  • Craig R. WankeJune 30, 2023
  • Cheryl GiggettsJune 30, 2020
  • Stephen P. ClintonJune 30, 2020
Ex Officio Members:
  • President & CEO or designee, Virginia Economic Partnership Development

Information accurate as of December 2021