Agenda Item 7C
April 18, 2017
April 14, 2017
Josh Hamlin, Legislative
Bill 49-16, Economic Development - Workforce Development -
Planning, Housing and Economic Development Committee recommendation
Enact Bill 49-16 with amendments.
Bill 49-16, Economic Development - Workforce Development - Microlending Program,
sponsored by Lead Sponsors Council President Berliner and Councilmembers Navarro and
Hucker, and Co-Sponsors Councilmembers Floreen, Rice, EIrich, Katz and Council Vice
President Riemer was introduced on December 13,2016. A public hearing was held on January
24 and a Planning, Housing and Economic Development Committee worksession was held on
Bill 49-16 would:
• provide that the County's Workforce Development Corporation must administer a
micro lending program to provide financial and technical assistance to County
• establish certain criteria for the operation ofthe micro lending program;
• require the Corporation's annual report to include certain information on the
micro lending program; and
• generally amend County law related to workforce development.
A memorandum from the Bill's lead sponsors is at ©8-9.
The PHED Committee recommends (3-0) enactment of the Bill with amendments. The
substance of the Committee amendments is as follows:
Provide that the' micro lending program be administered by the County's Economic
Development Corporation as part of a microenterprise development strategy, rather
than the Workforce Development Corporation as originally proposed (©2-3, lines 18
33 and 41-49);
Provide that the Corporation may, rather than must, administer the microlending
program (©2, line 18); and
Limit loans in the program to those without other access to capital (©2, line 27).