LD 1144
pg. 2
Page 1 of 2 An Act to Enhance Economic Development Capacity LD 1144 Title Page
Download Bill Text
LR 992
Item 1

 
block grant funds is determined
locally based on area
comprehensive economic
development strategies.

 
DEPARTMENT OF ECONOMIC AND

 
COMMUNITY DEVELOPMENT____________________

 
TOTAL$2,000,000$2,000,000

 
SUMMARY

 
This bill includes annual General Fund appropriations
totalling $2,000,000 for the Department of Economic and Community
Development. It provides $1,200,000 annually to continue the
momentum of the department's proactive business attraction
marketing program. It also provides $800,000 annually for a
capacity building block grant program to regional economic
development districts, giving them a flexible and discretionary
funding source to address a variety of locally determined
priority issues and needs such as responding to defense
conversion issues, coping with the loss of a major employer,
responding to long-term patterns of downsizing in a mature or
dominant business sector or helping to develop grass roots
economic development capacity in underserved communities and
areas through organizational development, coalition building and
staffing assistance.


Page 1 of 2 Top of Page LD 1144 Title Page