PHED ITEM #2
February 7, 2013
Planning, Housing and Economic Development Committee
Amanda Mihill, Legislative
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). A Planning, Housing
and Economic Development Committee worksession was held on January 28.
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 would implement one of the recommendations from the Green Economy Task
Force (see report excerpts on ©6).
This program would be structured similarly to the County's Biotechnology Investment Incentive
Tax Credit Supplement (§20-76A). To provide some context, in 2012, the County provided
$500,000 in supplement funds. According to data provided by the Department of Economic
Development, there were 66 eligible transactions. The range of awards provided was $2,117.75
to $42,354.93 with the average award being $7,575.76.
Issues for Committee Discussion
During the January 28 worksession on Bill 40-12, representatives from the Department of
Economic Development indicated that they were developing amendments to the bill, but that the
amendments were not yet ready. Subsequent to that worksession, Director Silverman submitted
several amendments (©22-30). These amendments would:
• Redefine "green product or service" as "a product or service that measures, prevents,
limits, minimizes or corrects environmental damage to water, air and soil, as well as
problems related to waste, ecosystems, biodiversity, habitat or natural resource depletion.
All claims related to environmental attributes, as applicable, for a product or service,
shall conform to current or future guidelines published by the Federal Trade Commission