January 28, 2013
January 24, 2013
Planning, Housing and Economic Development Committee
Amanda Mihill, Legislative
Worksession: Bill 40-12, Economic Development
Bill 40-12, Economic Development - Green Organization Supplement, sponsored by Council
President Berliner, was introduced on December 4,2012. A public hearing was held on January
22 at which a representative of the Executive supported Bill 40-12 (© 17).
Bill 40-12 would authorize the County to provide qualified applicants a Green Organization
Supplement. The County would supplement 50% of the recipient's investment in a qualified
green organization, or a lower percentage set in the annual operating budget resolution, up to
$25,000. This bill implements one of the recommendations from the Green Economy Task
Force (see report excerpts on ©6).
Issues for Committee Discussion
Steve Silverman, Director of the Department of Economic Development, supported Bill 40-12
and recommended the criteria be tiered to reflect the magnitude of investments or the desires of
investors and to use a formula-based process to allocate funds to recipients. Council staff
suggests the Committee discuss these proposals with Executive staff to further understand how
these suggestions would be implemented.
Director Silverman also suggested several specific amendments, most just technical, that begin
on ©20; Council staff recommends the Committee incorporate those amendments.
This packet contains:
Legislative Request Report
Excerpts from the Green Economy Task Force Report
Fiscal and Economic Impact Statements
F:\LAW\BILLS\ I240 Green Organization Supplement\PHED Memo.Doc