The bill amends existing laws regarding associate development organizations in Washington State, specifically RCW 43.330.082 and RCW 43.330.086. It requires contracting organizations to provide annual performance measures and summaries of best practices, including detailed employment and economic data, funding sources, and the organization's impact on various economic factors. The bill emphasizes the need for consistent performance measures across regions to facilitate statewide evaluation. Additionally, it establishes a framework for performance targets, remediation plans for underperforming organizations, and potential contract termination for those failing to meet agreed-upon standards.

Furthermore, the bill outlines the funding structure for associate development organizations, specifying allocations based on whether they serve urban or rural counties. It introduces a locally matched allocation system, with specific caps on funding amounts, and allows for a combination of cash and in-kind contributions, with in-kind contributions limited to 25% of the local match. These changes aim to enhance accountability and performance in economic development efforts across the state.

Statutes affected:
Original Bill: 43.330.082, 43.330.086
Substitute Bill: 43.330.082, 43.330.086