SENATE BILL REPORT
SB 5829


This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent.

As Reported By Senate Committee On:
Economic Development, Trade & Management, February 23, 2007

Title: An act relating to expanding export assistance statewide.

Brief Description: Expanding export assistance to businesses throughout the state.

Sponsors: Senators Kauffman, Kastama, Shin, Kilmer and Rasmussen.

Brief History:

Committee Activity: Economic Development, Trade & Management: 2/16/07, 2/23/07[DPS-WM].

Ways & Means: 2/28/07.


SENATE COMMITTEE ON ECONOMIC DEVELOPMENT, TRADE & MANAGEMENT

Majority Report: That Substitute Senate Bill No. 5829 be substituted therefor, and the substitute bill do pass and be referred to Committee on Ways & Means.Signed by Senators Kastama, Chair; Kilmer, Vice Chair; Zarelli, Ranking Minority Member; Clements, Kauffman and Shin.

Staff: Jacob White (786-7448)


SENATE COMMITTEE ON WAYS & MEANS

Staff: Richard Ramsey (786-7412)

Background: The Department of Community, Trade, and Economic Development (CTED) delivers a range of economic-development related services from assisting with complex permit processes to infrastructure and business financing to marketing the state as a desirable place to live, work, and visit.

CTED supports Washington companies seeking to: increase their export sales; research international markets; find overseas buyers; understand the best mechanisms to get paid and mitigate their credit risk; and obtain advocacy assistance. CTED offers information on its website to assist companies in exporting.

Summary of Bill: CTED must establish partnerships with local organizations, including small business development centers, associate development organizations, ports, and local governments.

These new partners will provide seminars and one-on-one counseling to owners and managers of small and medium-sized companies that have not previously exported, to enable them to: determine whether exporting is appropriate for them; develop their capacity for exporting; begin the export process; and more successfully utilize other export assistance available to them.

CTED must hire an outreach coordinator for the new export assistance partners. The coordinator's duties are to: develop training curricula; provide training to local partners; serve as liaison with the Seattle, Spokane, and foreign offices; provide information; and coordinate state outreach with the new foreign assistance partners.

CTED must create a foreign direct investment program. Program staff are responsible for: the implementation of new investment attraction tools; adapting the ChooseWashington.com website to meet the needs of foreign investors; and training personnel in state foreign offices in ways to promote foreign investment in Washington.

EFFECT OF CHANGES MADE BY RECOMMENDED SUBSTITUTE AS PASSED COMMITTEE (Economic Development, Trade & Management): The small business export finance assistance center is to develop a rural manufacturer export outreach program in collaboration with Washington manufacturing services. Seventy-five thousand dollars is appropriate to the business finance assistance center for both fiscal year 2008 and fiscal year 2009.

Appropriation: $150,000 from the state General Fund.

Fiscal Note: Available.

Committee/Commission/Task Force Created: No.

Effective Date: Ninety days after adjournment of session in which bill is passed.

Staff Summary of Public Testimony: None.

Persons Testifying: No one.