Agenda Item 5
September 18, 2012
Robert H. Drummer, Senior Legislative Atto.m
Jacob Sesker, Senior Legislative Analyst
Bill 14-12, Economic Development Fund - Amendments
Planning, Housing and Economic Development Committee recommendation (3-0): approve
the Bill with amendments.
Bill 14-12, Economic Development Fund - Amendments, sponsored by Council
President Berliner, and Councilmembers Riemer, Ervin, EIrich, Leventhal, Navarro, and Rice
was introduced on March 20, 2012. A public hearing was held on April 10 and a Planning,
Housing and Economic Development Committee worksession was held on September 10.
14-12 would require the Executive to propose and update an economic development
strategic plan, subject to approval by the Council. The success or progress of the strategic plan
must be measurable and the plan must include measures to address:
private sector compensation and benefits;
target geographic areas;
workforce education and training;
gro\\t1h in tax base;
economic opportunity for residents;
encouragement of entrepreneurs and small business;
land use; and
other actions necessary to promote economic development in the County.
The Bill would also amend the Economic Development Fund (EDF) law by establishing
criteria for offers of assistance from the EDF, modify the time and content of the notice the
Executive must give to the Council before making a tentative offer of more than $100,000, and
require Council approval ofa tentative offer of more than $500,000.
There were 2 speakers at the April 10 public hearing. Virginia Sheard, speaking on
behalf of the Montgomery County Civic Federation (©13) supported the Bill as a measure that
would increase transparency and accountability of the County's economic development
activities. Gigi Godwin, speaking on behalf of the Montgomery County Chamber of Commerce