2010 WEDA Legislative Update

Matt MatayoshiExecutive Director – Economic Development Council of Mason CountyWEDA Legislative Chair

WEDA Spring/Summer ConferenceYakima, WAJune 16, 2010

Final Budget

$2.8 billion budget deficit

2ESSB 6413 – increases revenue about $667.7 millionB&O Tax Increase of .3 percent for 3 yearsSmall business tax credit increased to a maximum of $70 a

month

Department of Commerce ITED– Cut $765,000

WA Manufacturing Services $-7,152ADO $-645,955WA Technology Center $-90,154Microenterprise Development $-7,750WWU Small Business Development $-12,429Renton Small Business Development $-894

Regional Services Unit $-788,000 (3.5 FTEs)

CERB – No new money ($3 million in loan repayments)

Reorganization of the Department of Commerce

SHB 2658 (Kenney, Maxwell, McCoy, Morrell)

Departments mission is to grow and improve jobs and facilitate innovation

Program transfers: County Public Health Assistance Developmental Disabilities Endowment State Building Code Council Drug Prosecution Assistance program Energy Facility Site Evaluation Council Municipal Research Council (abolished)

Community Services and Housing Division established Expires July 1, 2012

State Energy Plan is to be updated by December 1, 2011 (vetoed)

Passed LegislationE2SHAB 2630 – Regarding the opportunity express program

SHB 3014 – Modifying the sales and use tax deferral program for investment projects in rural counties

ESSB 6241 – Creating community facilities districts

E2SSB 6409 – Creating the WA opportunity pathways account

E2SSB 6609 – Concerning infrastructure financing for local governments

2SSB 6667 – Concerning business assistance programs

SSB 6679 – Concerning the small business export finance assistance center

Passed LegislationESHB 2641 – Expanding small business development centers

SHB 2683/SB 6805 – Changing provisions relating to the economic development commission

HB 3101/SB6637– Increasing the small business credit for the business and occupation tax

ESSB 5899 - Providing a business and occupation tax credit for qualified employment positions

2SSB 6374 – Regarding fiscal note instructions

2SSB 6790 – Concerning cluster and innovation partnership zone grants

Questions?

2010 WEDA Legislative Update

WEDA Spring/Summer ConferenceYakima, WA

June 16, 2010