The bill aims to enhance economic development in Washington by increasing local communities' access to federal funding. It recognizes that Washington ranks low in federal grants relative to income taxes collected and addresses the challenges faced by rural areas in securing matching funds for federal economic development dollars. The legislation intends to empower the Department of Commerce to assist local communities in applying for federal grants by providing state matching funds and technical assistance for developing competitive applications.

Key amendments include the establishment of a grant program to support associate development organizations in hiring grant writers, with a focus on distressed areas and federal fund applications. The Department of Commerce is also tasked with creating an inventory of grant opportunities and providing resources for applicants, including a guide for federal grants. Additionally, the bill stipulates that if specific funding for its purposes is not provided by June 30, 2024, the act will be null and void.

Statutes affected:
Original Bill: 43.330.070, 43.330.088, 43.330.260
Substitute Bill: 43.330.070, 43.330.088, 43.330.260
Bill as Passed Legislature: 43.330.070, 43.330.088, 43.330.260
Session Law: 43.330.070, 43.330.088, 43.330.260