Transcript Slide 1

2010 WEDA Legislative Update
Matt Matayoshi
Executive Director – Economic Development Council of Mason County
WEDA Legislative Chair
WEDA Spring/Summer Conference
Yakima, WA
June 16, 2010
Final Budget
$2.8 billion budget deficit
2ESSB 6413 – increases revenue about $667.7 million
B&O Tax Increase of .3 percent for 3 years
Small business tax credit increased to a maximum of $70 a
month
Department of Commerce
ITED– Cut $765,000
WA Manufacturing Services $-7,152
ADO $-645,955
WA Technology Center $-90,154
Microenterprise Development $-7,750
WWU Small Business Development $-12,429
Renton 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 Legislation
E2SHAB 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 Legislation
ESHB 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 Conference
Yakima, WA
June 16, 2010