Agenda Item 5A
December 13, 2016
December 9, 2016
Josh Hamlin, Legislative Attornetttf
Bill 49-16, Economic Development - Workforce Development -
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 and Rice, is scheduled to be introduced on
December 13,2016. A public hearing is tentatively scheduled for January 24, 2017 at 1:30 p.m.
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 microlending program;
• require the Corporation's annual report to include certain information on the
microlending program; and
• generally amend County law related to workforce development.
A memorandum from the Bill's lead sponsors is at ©6.
Under County Code Chapter 30B, Economic Development, the County is empowered to
designate a nonprofit corporation as the County's Workforce Development Corporation to
implement the County's workforce development policies. Worksource Montgomery, Inc., has
been so designated, and has as its mission:
to meet the talent attraction, development, and
retention needs of strategic industries; (2) to meet the needs of the underemployed and
unemployed; and (3) to develop career pathways that lead to sustainable wage jobs and support a
thriving mission.! Bill 49-16 would add the administration of a microlending program to the
responsibilities of the Workforce Development Corporation.
Under the microlending program required under Bill 49-16, County residents with
businesses headquartered in the County would be eligible for loans of up to $15,000
("micro loans"). Loan recipients would be required to participate in educational and technical
This mission is consistent with the Policy Objectives of the County Workforce Development Corporation set forth