Bill
No.
49-16
Concerning:
Economic
Development -
Workforce
Development
Microlending Program
Revised:
03/06/2017
Draft No.
=-2_
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Introduced:
December
13.
2016
Enacted:
April
18.
201
7
Executive:
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Effective:
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Sunset
Date:
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e
Ch.
_ _ ,
Laws
of
Mont. Co.
_ _ __
COUNTY
COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
Lead Sponsors: Council
President
Berliner and
Councilmembers Navarro
and Hucker
Co-Sponsors: Councilmembers
Floreen,
Rice,
Elrich,
Katz
and Council
Vice-President
Riemer
AN ACT
to:
(1)
(2)
(3)
(4)
provide that the
County's
[[Workforce
Development]] Economic
Development
Cru:pQration
[[must]]
™administer a
microlending
program to
provide financial
and
technical
assistance
to
County
entrepreneurs;
establish certain
criteria
for
the
operation of
the
rnicrolending
program;
require
the Corporation's annual
report
to
include
certain
information
on
the
microlending program;
and
generally
amend
County
law
related
to
workforce
development.
By
amending
Montgomery
County Code
Chapter 30B, Economic
Development
Article
([II, Workforce
Development]]
I.
Economi~~Oey,_e
lop.m.eu!
Sections
((308-8.
308-12
and 30B-14]] 30B-5
and 308-7
Boldface
Underlining
[Single boldface brackets]
Double
underlining
[[Double
boldface
brackets]]
*
*
*
Heading or defined term.
Added to
existing
law by
original
bill.
Deletedfrom
existing
law by original bill.
Added by amendment.
Deleted
from
existing
law or
the
bill by
amendment.
Existing law unaffected by bill.
The
County Council for Montgomery County,
Maryland
approves
the
following Act:
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BILL No. 49-16
1
2
3
Sec.1. Sections [[30B-8,
30B-12 and 30B-14]] 30B-5
and
30B-7
are
amended as follows:
ARTICLE I. ECONOMIC DEVELOPMENT CORPORATION.
4
*
(a)
*
*
5
6
7
Sec.
30B-5.
Economic development program.
The
Board of Directors
must recommend
econolllic
development
programs
and
associated
performance measures to the
Executive
and
Council
each year
to
advance the policy objectives and perform
the
activities
listed in
Section
30B-l
,
including revisions to
the
County's
strategic
plan for economic
development
established by Section 20-76(a).
(b)
In its
economic development
programs,
the
Corporation should
collaborate
with
the
Montgomery County Workforce Development
Board
to advance
the
County's
economic development strategic
plan
adopted under
Section 20-76.
(c)
The
Corporation's
economic
development
programs may include a plan
for sponsorship
of
private investment, marketing, and advocacy
initiatives.
(
d)
8
9
10
11
12
13
14
15
16
17
18
19
The Co1:poration may
administer. as
part of
a microentemrise
development
strategy. a
culturally
proficient
microlendin1Lj1Logr..am
under which:
20
21
22
23
ill
(2)
loans
must not
exceed
$15.00Q;_
loans
must only be
issued to
Montgpmery County residents:
(A)
who
hay_e
_r_efil_d~d
in
MontgomeIY.County for
at
least
1.80
24
25
days
before
the loan application is made;
(fil
whose
business
is
h_eadguartered in
Montgomery County:
and
26
27
~
lack
access
to tra.ditiooal
means of
cauilal_financing;
-2-
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BILL
No. 49-16
28
29
30
31
Ul
loan
recipients must participate m educational and technical
assistanQ¥.J?rovided by the program:
W
non-County
funds.ma):'.
b~sed
as a
source
for capital and program
administration; and
32
33
ill
materials
and assistance
are
provided
m multiple languages
reflective
of
the
Coynty'SJ2.QW1latilln.
34
W
The Board and
staffmust
meet with
the
Executive and the Council at
least
annually regarding the Corporation's activities and finances.
35
36
37
*
30B-7.
Report.
*
*
38
The Board of Directors must
report
annually on the activities and
finances
of
the Corporation and provide an audited financial statement of the Corporation to the
Executive
and Council by
November
1
of each year. The report must also
include~
39
40
41
42
43
W
(hl
the Corporation's
plan to
solicit and receive additional public and private
funding for its
operations~
informa.ti.QJJ..im the microlending program including:
44
45
ill
!2)
the number of microloans
is.s_~d
during the prior fiscal
year
b_y
dollar
value
of the
loan:
a description of
the
how each loan..was used:
loan
repayments received:
the rate of
renaymeut;
and
non-County
funds
leveraged to
support
thS!
prWLt:a.DL
46
47
48
49
50
Ul
ill
ill
ARTICLE II. WORKFORCE
DEVELOPMENT.
30B-8.
Policy
objectives.
51
52
(a)
The
success of
Montgomery
County's economic development goals is
dependent
upon
a
comprehensive and demand-driven
system
of
workforce development
that:
-3-
53
54
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BILL
No.
49-16
55
56
(
1)
meets the
talent
attraction, development, and retention needs of
strategic
industries;
57
(2)
(3)
meets the needs of the
underemployed
and
unemployed;
[and]
.and
develops career pathways that
lead
to sustainable
wage
jobs
to
support a thriving economy[[; and
58
59
60
61
ill
provides
financial and technical assistance through
micro
loans to
County entrepreneurs to develop or expand small businesses in the
County]).
62
63
(b)
To achieve
these
goals,
the
County
Government
may designate a
nonprofit corporation as the
County's
Workforce
Development
Corporation
to implement the County's workforce development policies
established by
the
Workforce Development Board.
64
65
66
67
*
(a)
*
*
68
69
70
71
72
73
74
75
76
77
Sec.
30B-12. Workforce development program.
The Workforce
Development Corporation's Board of Directors must
recommend
workforce
development
programs
and
associated
performance
measures to the
Executive,
Council, and Workforce
Development Board
each year to advance the policy
objectives
listed in
Section 30B-8.
(b)
The
Workforce
Development Corporation's
workforce development
programs may include a plan for
sponsorship
of private
investment,
marketing,
and advocacy initiatives.
(
c)
[[The
Workforce Development Corporation must administer
~
culturally
proficient microlending program
under
which:
78
79
80
81
ill
ill
loans must
not exceed
$15,000;
loans
must
only be
issued
to Montgomery County residents:
(A)
who have resided in Montgomery County for at
least 180
days before the
loan
application
is
made; and
-4-
82
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BILL NO. 49-16
83
84
85
ill)
whose business is headquartered in Montgomery County;
ru
ill
ill
loan recipients must participate in educational
and
technical
assistance provided
1?y
the program;
non-County funds may be
used
as
~
source for capital and program
administration; and
materials and assistance are provided m multiple languages
reflective of the
County' s
population.
86
87
88
89
90
91
@]]
The Workforce Development Corporation's Board
and
staff must
meet
with the Executive, the Council, and the Workforce Development Board
at least annually regarding the Workforce Development
Corporation'
s
activities and finances.
92
93
94
95
96
*
30B-14. Report.
*
*
The
Workforce
Development
Corporation's
Board
of
Directors
must report
annually on the activities and finances of the
Corporation
and provide
an
audited
financial statement
of the Corporation to the
Executive,
the
Council,
and the
Workforce Development Board
by
November
l of each
year. The
report must also
include[[~]]
97
98
99
100
101
102
[[{fil]]
the Corporation's
plan to solicit
and
receive addi6onal public and private
funding
for
its
operations[[~
and
(bl
103
104
105
106
information on the microlending program including:
ill
the number of microloans issued during the prior
fiscal
year
1?y
dollar
value
of the loan;
ill
~
description of the how
each
loan
was
used;
107
ru
ill
ill
loan repayments received;
108
109
the rate of repayment; and
non-County funds leveraged to
support the
program]].
-5-
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BILL
No.
49-16
Approved:
Roger
Approved:
Date
Isiah Leggett,
County Executive
This
is a
correct copy ofCouncil action.
Date
Linda M. Lauer,
Clerk
of
the
Council
Date
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