slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
2010 WEDA Legislative Update PowerPoint Presentation
Download Presentation
2010 WEDA Legislative Update

Loading in 2 Seconds...

play fullscreen
1 / 6

2010 WEDA Legislative Update - PowerPoint PPT Presentation


  • 126 Views
  • Uploaded on

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

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about '2010 WEDA Legislative Update' - sitara


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

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

slide2

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)
slide3

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)
slide4

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
slide5

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
slide6

Questions?

2010 WEDA Legislative Update

WEDA Spring/Summer Conference

Yakima, WA

June 16, 2010