SB 5800-S - DIGEST

(AS OF SENATE 2ND READING 3/06/03)

Finds that developing an effective economic development strategy for the state and operating effective economic development programs, including workforce training, technology transfer, and export assistance, are vital to the state's efforts to encourage employment growth, increase state revenues, and generate economic well-being.

Finds that there is a need for responsive and consistent involvement of the private sector in the state's economic development efforts.

Declares an intent to create an economic development commission that will develop and update the state's economic development strategy and performance measures and provide advice to and oversight of the department of community, trade, and economic development.