SENATE BILL REPORT

HJM 4030

BYRepresentatives Wineberry, Vekich, Holm, Heavey, Cantwell, Hargrove, Kremen, Braddock, Rasmussen, Appelwick, Anderson, P. King, Leonard, K. Wilson, Lux, Spanel and Basich

Requesting Congress to establish a state economic development block grant program.

House Committe on Trade & Economic Development

Senate Committee on Economic Development & Labor

Senate Hearing Date(s):February 18, 1988

Senate Staff:Jack Brummel (786-7428)

AS OF FEBRUARY 15, 1988

BACKGROUND:

Despite the vigor of economic development efforts among states during the past decade to deal with the vagaries of international, national, and regional economies, many state programs lack the scale or resources to achieve more than marginal success.

SUMMARY:

The president and Congress are requested to authorize the establishment of a state economic development block grant program.  The proposed program would provide funding for state initiatives for economic revitalization and sustainable development.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested