Transcript Highlights:

• There's a certification process that the Department of Economic Development puts those data centers through
• There's a certification process that the Department of Economic Development puts those data centers through
• <00:02:06.640> Development<00:02:07.640> um Department of Economic Development um Department
• of Economic Development um puts<00:02:08.280> those<00:02:08.479> data<00:02:08.720>
• <01:32:37.040> development property held for economic development property held for economic

Bills: HF1277, HF1006

Keywords: data centers, tax exemption, Minnesota statutes, economic development, employment growth, property tax, abatement, land bank, redevelopment, political subdivision, 1183, house

Transcript Highlights:

• development.
• development, but these efforts must be developed in close consultation at all levels of government with
• By modernizing the tax code's treatment of tribal governments and providing targeted economic development
• development and financial sovereignty.
• A lot of good discussion here about everything from from housing to how we can move out on economic development

Keywords: tribal sovereignty, healthcare, education, public safety, Economic Development, Tax Parity Act, PROTECT Act, trust obligations, bipartisan support, Indian Health Services

Summary: The committee meeting focused on crucial issues facing tribal nations, particularly emphasizing the federal government's trust and treaty obligations. The discussions highlighted ongoing challenges such as disparities in healthcare, education, and public safety within Native communities. Chair Murkowski underscored the importance of listening to Native leaders and aligning congressional efforts with community needs, advocating for legislative actions that support tribal sovereignty and economic development. Various initiatives, including the Tax Parity Act and the PROTECT Act, aimed at addressing jurisdictional and financial disparities, were discussed in detail. A call for bipartisan support to alleviate the funding shortages affecting Indian Health Services was made several times during the meeting. Testimonies from tribal leaders and representatives emphasized the dire need for legislative support to enhance infrastructure, healthcare access, and public safety initiatives in tribal communities.

Transcript Highlights:

• Good morning, everybody, and welcome to the House Workforce, Labor, and Economic Development Finance
• <00:03:11.799> Development nonprofit Economic Development nonprofit Economic Development organization
• <00:05:00.440> development<00:05:00.919> or Employment an economic development or Employment
• manager for Kandiyohi County Economic Development.
• <00:15:36.040> Development inventory of Economic Development inventory of Economic Development

Bills: HF1538, HF1965, HF2251, HF2838

Keywords: teacher apprenticeship, registered apprenticeship, teacher licensure, teacher shortage, workforce development, education finance, K-12 education, higher education, Professional Educator Licensing and Standards Board, PELSB, Tier 3 license, teacher preparation, mentor teacher, school district, cooperative unit, teacher pipeline, alternative licensure, apprenticeship program, labor and industry, union representation

Transcript Highlights:

• So quite a bit of bandwidth to produce lots of research and economic development.
• We work in five areas: economic development, market intelligence, capacity building, advocacy, and education
• We know that Latinos are about 20% of the country's population and 28.3% of the economic growth between
• While we may not be in an economic development role, we are the community experts.
• And we were kind of arguing the semantics of what made more sense economically and geographically in

Bills: HB2754

Keywords: Arizona Commerce Authority, business development, economic growth, small business support, job creation, Board of Directors, e-verify, grant administration, 1182, all

Summary: The Committee on International Trade heard a presentation from Monica Villalobos, President and CEO of the Arizona Hispanic Chamber of Commerce, who shared trade and economic data on Hispanic businesses and consumers in Arizona and nationally. She emphasized that Hispanics are a major economic driver, that small and medium-sized businesses are central to trade, and that tariffs and border disruptions can disproportionately hurt smaller exporters and importers. She also described the Chamber’s district-level trade profiles and an upcoming business engagement tour to Mexico City aimed at matching Arizona and Mexican small businesses. Members asked about major Mexico trade products, transportation equipment, and what the state could do to support small businesses; Villalobos said access to capital and technical assistance are the biggest needs, especially as some federal support has been cut. The committee then took up HB 2754, which would expand the Arizona Commerce Authority board to include the chairs of the Senate Finance Committee and House International Trade Committee, shift oversight of trade offices to legislative appropriation, require annual reporting on trade office activities to JLBC, and remove the sunset date for the Arizona Competes program. The sponsor argued the bill would restore legislative oversight and give lawmakers a stronger role in trade office decisions and the Competes Fund. Members generally supported the bill’s oversight goals, though some raised concerns about the board changes and indicated they might seek amendments later. The committee voted 5-0 with two present and three absent to give HB 2754 a do pass recommendation. The meeting then adjourned.

Transcript Highlights:

• Translating military skills to business, veterans develop leadership and problem-solving skills, but
• My concern is the category is so broad, it’s really about economic development generally for...
• The category is so broad, it's really about economic development generally for veterans and won't meet
• I'd love to work with you on this because I do see a deep need for economic development within this class
• I'd love to work with you on this because I do see a deep need for economic development within this class

Bills: SB390, SB1197, SB1271

Keywords: veteran-owned businesses, state contracting, historically underutilized business, economic opportunity, small business, economic development, veterans, certification, Texas legislation, unmanned aircraft, spaceport, criminal offense, aviation regulations, airspace safety, military installations, concurrent jurisdiction, governor's approval, state agency, land acquisition, 1185

Summary: The Committee on Veteran Affairs heard several bills related to military installations, veterans, and contracting opportunities. Senator Birdwell presented SB 1197, which would extend existing drone restrictions over military bases and airports to spaceports, with exceptions for authorized users; no public testimony was offered at the first hearing, and the bill was left pending before later being reported favorably. Chairman Hancock presented SB 1271, which would allow Texas to accept concurrent jurisdiction over military installations so state and local authorities could handle certain juvenile offenses and provide more rehabilitative options; a committee substitute was explained, but the bill was left pending after no initial witnesses appeared. The committee also considered SB 390, which would expand the state historically underutilized business definition to include SBA-certified veteran-owned businesses regardless of disability rating. Supporters from the Houston Regional Veterans Chamber of Commerce and other veterans argued the change would improve access to state contracting, strengthen the economy, and better recognize veterans’ contributions. Senator Eckhardt raised concerns that broadening the category to all veterans might not satisfy the disparity-study basis typically used for HUB classifications, and Jim Brennan echoed that concern while suggesting a separate category might be more workable. During the pending-legislation portion, the committee voted on several bills. SB 651 and SB 897 were each substituted and reported favorably to the full Senate, with both also recommended for the local and uncontested calendar. SB 1814 was likewise reported favorably and sent to the local and uncontested calendar. SB 1197 was reported favorably and recommended for the local and uncontested calendar. SB 1271 was left pending after a motion to report the committee substitute favorably, and SB 390 was left pending after testimony concluded. The committee then recessed subject to the call of the chair.

Bills: SF0027, SF0124

Keywords: game management, hunting regulations, black bear, tracking dogs, wildlife conservation, tourism, economic development, rodeo, cowboy heritage, Wyoming, funding, cultural preservation, 916, all

Transcript Highlights:

• Development Cabinet for Economic Development Cabinet for Economic Development going<00:02:38.560
• with the Kentucky Cabinet for Economic with the Kentucky Cabinet for Economic Development.<00:02
• <00:03:42.319> development the funds at the economic development the funds at the economic
• <00:04:05.840> So, Cabinet for Economic Development.
• So, Cabinet for Economic Development.

Keywords: Cabinet for Economic Development – Bluegrass State Skills Corporation Overview 02:35 ----Discussion of BR 868, 2026 Regular Session 24:08, 958, all

Summary: The meeting began with a quorum call and approval of the August 21 minutes. The main presentation was from the Kentucky Cabinet for Economic Development on the Bluegrass State Skills Corporation (BSSC), which was created in 1984 and is administratively tied to the cabinet. Staff explained that BSSC supports workforce training for companies in Kentucky through two main programs: the grant-in-aid reimbursement program and the skills training investment tax credit. They also described the board’s structure, quarterly meetings, annual audit, and the metropolitan tax credit tied to UPS in Louisville, along with public-private training consortia supported by the program. The cabinet outlined eligibility and funding rules: applicants must be qualified companies, trainees must be full-time Kentucky residents meeting wage requirements, and eligible training includes in-house company-specific training, train-the-trainer efforts, safety/OSHA training, and outside training through KCTCS or other providers. Grant-in-aid is a 50% reimbursement program capped at $75,000 per company per fiscal year and $2,000 per trainee, while the tax credit is capped annually and is awarded on a first-come, first-served basis. Applications are scored based on county tier, wages, workforce development activity, veteran hiring, participation in consortia, and job growth. Members asked for data on trainees and industries served, and staff said they could provide it. They also discussed coordination with other workforce programs, especially KCTCS and the state’s TRAIN program, to avoid overlap and double dipping. Several members asked about program usage and differences between fiscal years. Staff said the tax credit is less popular because it is not refundable and requires tax liability, while grant-in-aid is more attractive because it is cash reimbursement. They said lower or delayed spending in some years can reflect one-year training windows, reimbursement lag, new facilities ramping up, consortia activity, and special allocations such as those tied to Ford facilities. Questions also covered support for new businesses, which staff said can receive favorable scoring for new jobs and may have funds set aside for new location projects. On veterans, staff said they connect companies to Kentucky Valor and other resources, but the program does not track veteran retention outcomes. The final discussion was on a draft bill related to the Kentucky Horse Park and the U.S. Center for SafeSport. Representative Vanessa Gracel and Kentucky Horse Park President Lee Carter explained that the proposal is intended to help the park maintain integrity and protect athletes, volunteers, coaches, trainers, and guests from abuse and misconduct. They described SafeSport’s federal role in Olympic and Paralympic sports and said they hope to move the draft forward as legislation in 2026. No votes were taken on the BSSC presentation or the horse park discussion.

Transcript Highlights:

• House Workforce, Labor, and Economic Development Committee.
• nonprofit engaged in economic nonprofit engaged in economic development<00:03:44.720> finance
• And so I'm looking economic development.
• economic development and environmental economic development and environmental policy<00:31:44.399
• c> 116J<00:32:02.640> 872 Economic Development Project uh 116J 872 Economic Development Project

Bills: HF3707, HF3732, HF2581, HF3731

Keywords: unemployment insurance, judicial officials, paid leave, economic development, worker protections, workforce development, unemployment benefits, youth training, grants, job creation, grant funding, revolving loan, underserved communities, disadvantaged groups, electrical licensing, installation, Class A installer, regulations, labor and industry, 1183

Summary: The committee first adopted the minutes from February 26 and then heard House File 2581, authored by Representative Frazier, which sought $1 million for Fortis Capital, a nonprofit economic development lender. Frazier and Fortis CEO Brian Smith described Fortis as a gap-financing lender that helps underserved entrepreneurs who cannot meet traditional bank underwriting standards. They said the organization has made 37 loans totaling more than $4 million since 2021, leveraged another $29.5 million, and created 314 jobs. Smith said Fortis typically charges around 6.5% interest, has had two defaults, and uses a revolving loan fund model that recycles repayments; members discussed how the proposal fits with other state economic development programs and whether Fortis should instead be part of a competitive grant process. The chair laid HF 2581 over for possible inclusion in a budget bill. The committee then heard House File 3707, brought by Representative Berg, which would extend confidentiality protections to unemployment insurance and paid leave judges and related staff by adding them to the definition of judges for purposes of protecting personal information. Berg and testifiers from the Department of Economic Development and MAPE said the bill responds to harassment and safety concerns, including threats, doxxing, and an attack near an office, and is intended to protect people making sensitive determinations. MAPE supported the bill as an update to existing protections for similar workers. Members raised concerns that the bill’s language was too broad, especially the reference to the paid leave division, and questioned whether it should cover only judges or also call-center and other staff. Department and committee members agreed the language likely needed narrowing and discussed possible amendments and whether to move the bill to Judiciary and then revisit it. No final vote was taken on HF 3707 during the discussion, and the bill remained under consideration for further language work.

Transcript Highlights:

• I think that's so we should development.
• Development. Development.
• <00:30:08.640> food<00:30:08.880> security the A development and food security the A development
• Department of Research and Development Department of Research and Development in<00:31:22.799>
• you're establishing the A development you're establishing the A development and<01:11:03.760>

Bills: SB2309, SB2317, SB2318, SB2319, SB2321, SB2323, SB2332, SB2405, SB2485

Keywords: agricultural loans, financial support, Hawaii agriculture, food security, revolving fund, agriculture, insurance, small producers, state support, biosecurity, farm coverage, public-private partnerships, agricultural policy, agricultural statistics, data collection, Department of Agriculture and Biosecurity, economic analysis, market development, grant funding, climate resiliency

Summary: The committee heard testimony on several agriculture-related measures, beginning with SB 2309, which would require the agricultural loan division to sell portions of its loan portfolio and use the proceeds to expand the agriculture loan revolving fund. The Department of Agriculture and Biosecurity and the Hawaii Farm Bureau supported the bill, along with several other organizations and individuals. A committee question focused on the risk of not finding a qualified buyer for the loan portfolio; DAB said a mandatory sale of the full amount could force a less favorable rate, while flexibility to sell different amounts could produce a more equitable return. The measure drew eight supporters and no opposition. The committee then took up SB 2317, which directs DAB to study insurance coverage for small producers and report back to the Legislature. DAB and multiple farm groups supported the bill. In response to a question about cost, DAB estimated about $250,000 would be needed, with the study likely covering crop, health, and liability insurance. The next measure, SB 2318, would establish an agriculture statistics program in statute. DAB said it strongly supported the bill and could ramp up quickly if positions were provided; the committee discussed whether a first report could be completed by year’s end if the bill became law midyear, and DAB said yes. SB 2319, which would fund and make permanent a full-time grant writer position at DAB, also drew strong support from DAB, the Hawaii Farm Bureau, Ulupono Initiative, the Hawaii Cattlemen’s Council, the local food coalition, and others, with testifiers emphasizing the position’s return on investment and success in bringing in federal funds. The committee also heard SB 2321, establishing a two-year pilot program to respond to the twoline spittlebug. DAB, ranching groups, and many others supported the bill, citing the pest’s spread and the need to act before it becomes unmanageable. A DAB pest control manager said he would need to research past response details and provide them later. Members emphasized the importance of early intervention. For SB 2323, which creates a farmland transition commission to study barriers to farmland access and recommend solutions, DAB offered comments and support for the intent, while farm groups generally supported the concept but raised concerns about the proposed age range and whether a separate commission was necessary. DAB said the Board of Agriculture likely would not have the capacity to perform the commission’s duties and estimated there would be costs to establish it, though no figure was available at the hearing. Finally, the committee heard SB 2332, which reestablishes the agriculture and food security special fund, creates a carbon emissions tax and dividend fund, gradually raises carbon-related tax rates, and provides a refundable carbon cashback credit. DAB supported the measure and deferred to Taxation on details; the Department of Taxation said it would stand on its comments, and the Attorney General’s office offered comments and recommendations. Carbon Cashback Hawaii and the County of Hawaii Department of Research and Development supported the bill, arguing it would reduce emissions, protect lower-income households, and be relatively simple to administer.

Transcript Highlights:

• We're here for the Economic Development Committee hearing. It is February 18, 2026. It's 9:30 a.m.
• Our Technology Development Corporation.
• Hi, Georgia Skinner, Creative Industries, Department of Business, Economic Development, and Tourism.
• Economic Development, and Tourism. Economic Development, and Tourism.
• economically downstream. economically downstream.

Bills: HB2410, HB2235, HB1904, HB2201, HB2349, HB1972, HB2007, HB2385, HB2444, HB2391, HB2575

Keywords: Hawaii Technology Development Corporation, economic diversification, small business, innovation, manufacturing assistance, grants, technology programs, advanced manufacturing, military, community relations, economic development, defense-related programs, workforce development, local business readiness, in-state manufacturing, federal investment, space operations, orbital sustainability, aerospace, space traffic management

Summary: The committee heard testimony on several measures, beginning with HB 2410 relating to the Hawaii Technology Development Corporation. Testifiers from HTDC and the Hawaii Food Industry Association stood on written testimony, and members discussed the funding request, which was described as $1 million each for three programs, for a total of $3 million. The measure appeared to have broad support, with no opposition noted. The committee then took up HB 2235 HD1 on the military and community relations office, where Lori Moore of MACC asked for additional funding to support local businesses and education-to-career initiatives statewide. Members asked about the amount, and the request was identified as $1.3 million total. HB 904 on space operations followed, with three supporters and one opponent, though no substantive testimony was captured beyond the vote counts. HB 2201 on state enterprise zones drew testimony from Georgia Skinner of DBEDT’s Creative Industries division, who said the measure would build on a well-run enterprise zone program and help make Hawaii’s film industry more competitive. Tom Yamashita of the Tax Foundation also provided comments. The committee then considered HB 2349 relating to DCCA and DBEDT coordination; DCCA explained it already provides links and information to DBEDT programs, while DBEDT argued that direct data sharing would allow more proactive outreach. Members raised privacy and cost concerns, and DBEDT said it would consider opt-in collection and acknowledged system changes and possible funding needs. The committee also heard two tax credit bills. HB 1972 HD1, on a caregiver tax credit, received strong support from AARP, the Hawaii Public Health Institute, the Hawaii Children’s Action Network, and others, who described caregivers as an “invisible workforce” and argued the credit would help families keep loved ones at home and reduce financial strain. The Tax Foundation suggested a grant or subsidy program might be more efficient than a tax credit and raised concerns about debarment provisions. HB 20007 HD1, on the household and dependent care services tax credit, also drew strong support from public health and family advocacy groups, who said Hawaii families face some of the nation’s highest child care costs and that the bill would better reflect current expenses; the Tax Foundation again raised technical concerns about complexity and debarment. Members asked about fiscal impacts, and testimony indicated the current credit costs about $6 million, with the bill expected to increase that amount. The committee then moved on to HB 2385 HD1 on housing, where the Deputy Attorney General began presenting written comments on whether the bill limits county authority.

Transcript Highlights:

• And this bill deals with economic development incentives.
• Under current law, in order to be eligible for economic development incentives, they are tied to companies
• First, it will remove statutory requirements that are outdated for the Accelerate Alabama Strategic Development
• But again, it just clarifies the naming competency economic development plan or catalyst, and that is

Bills: HB393, HB61

Keywords: tax abatement, incentive programs, NAICS code, economic development, business, Covington County, carbon dioxide, underground wells, nonhazardous fluids, environmental protection, constitutional amendment, 1136, house, all

Transcript Highlights:

• Economic Development will now come to order. Brooke, please call the roll.
• Finally, allowing transit-oriented development just makes basic economic and fiscal sense.
• He developed economic hubs along them.
• He developed economic hubs along them.
• Transportation, Tourism, and Economic Development will now once again come to order.

Bills: S0174, S1342, S1334, S1362, S1602, S1604

Keywords: transportation, memorial, honorary designation, Miami-Dade, Charlie Kirk, transit-oriented development, housing affordability, mixed-use zoning, urban development, traffic congestion, elections, voter registration, citizenship, provisional ballots, election fraud, vertiports, aviation, airport infrastructure, economic development, veterans

Summary: The committee first heard CS for SB 1342 on transit-oriented development by Senator Rouson, which seeks to expand housing near fixed transit corridors by updating TOD definitions and applying Live Local-style land-use principles to those areas. An amendment narrowed definitions, limited the bill to land-use and development regulations, removed a private cause of action, and added exclusions for environmentally sensitive areas, historic properties, and military installations. Supporters said the bill would increase housing supply near existing infrastructure and maximize the state’s transit investments, while local government groups and city leagues opposed it as a sweeping preemption of local zoning authority that could force high-density development without public hearings or adequate infrastructure planning. The committee adopted the amendment and then reported the bill favorably. The committee then took up CS for SB 1334 on elections by Senator Grall, which would require documentary proof of citizenship in voter registration and related election processes, update how citizenship is verified through REAL ID and the SAVE database, clarify that paper ballots are the primary voting method, and add other election-related changes such as candidate eligibility rules and timelines. Two technical amendments were adopted. During extended questioning, senators raised concerns about how documents would be submitted and stored, whether voters without Florida IDs or REAL IDs—especially students, disabled voters, seniors, and homeless Floridians—could be flagged or burdened, and what fiscal and workload impacts the bill would have on supervisors of elections and state agencies. Supporters argued the bill would streamline verification and reduce duplicate paperwork, while many public speakers and some senators said it would create barriers to voting, increase costs, and risk disenfranchising eligible voters. The transcript ends during debate on the bill, before a final vote is shown. Later, the committee considered CS for SB 1362 on advanced air mobility by Senator Harrell. A strike-all amendment aligned the bill with the House version and added vertiports and charging systems as eligible projects for public-private partnership funding, with FDOT authorized to fund certain vertiport costs within available resources. The bill drew support from industry and local representatives, and the committee adopted the amendment and reported the bill favorably. The committee also heard SB 174, which designates a portion of State Road 985 in Miami-Dade County as Charlie Kirk Memorial Avenue and directs FDOT to install markers at an estimated cost of $2,400. The bill prompted significant debate over whether Kirk’s legacy warranted a state road designation, with opponents citing his controversial statements and arguing the honor was political and divisive, while supporters said the designation recognizes civic engagement near FIU and is symbolic rather than regulatory. The transcript ends during debate on SB 174, before any final action is shown.

Transcript Highlights:

• Welcome to Rural Development, Land Grants and Cultural Affairs. Caitlin, can you go in call room?
• The average age of folks getting trained up at 35—that's exciting to me just from an economic development
• But oftentimes it's very difficult for a developer to go in and develop that area. Yeah.
• But oftentimes it's very difficult for a developer to go in and develop that area.
• The development would set a minimum of 20% of their units as affordable.

Bills: HB310, HB323, HM51, HB194

Keywords: museum, cultural affairs, lowrider, Espanola, appropriation, feasibility study, broadband access, low-income, rural areas, Indian nations, affordable internet, employment opportunities, detention centers, immigration, economic development, repurposing facilities, job transition, rural development, housing, affordable housing

Bills: SB 3038, SB 3045, SB 3065, SB 3069, SB 3071, HB 2025, HB 2149, HB 3370, HB 4205, HB 4506, HB 5424, HB 5652, HB 24, HB 3687

Keywords: Montgomery County, management district, special district, bond issuance, assessments, taxation, public welfare, economic development, nonconforming uses, zoning regulations, land use, property rights, municipal authority, municipal utility district, eminent domain, bonds, taxes, public infrastructure, water supply, zoning

Bills: HB626, SB265

Keywords: tax increment district, economic development, manufacturing zone, local governance, ad valorem tax, data processing centers, tax abatements, construction related taxes, energy infrastructure, 1136, house, all

Bills: SB265, HB593

Keywords: data processing centers, tax abatements, economic development, construction related taxes, energy infrastructure, small craft distilleries, wineries, alcoholic beverages, licensing, craft beverage industry, 1136, house, all

Transcript Highlights:

• We're now going to go to tab one, and we're going to be talking about SB 1182, business development incentives
• This year it's SB 1182, which creates the Florida Veterans and Military Spouses Business Development
• This year it's SB 1182, which creates the Florida Veterans and Military Spouses Business Development
• Members, we all understand the military families face unique economic disruptions.

Bills: S1182, S1594

Keywords: veterans, military spouses, business incentives, tax exemptions, economic development, veteran benefits, minor clients, financial assistance, education services, Department of Children and Families, Department of Health

Summary: The Senate Committee on Military, Veterans Affairs, Space, and Domestic Security met with a quorum present and took up two bills. SB 1594, by Senator Gates, would change how veterans’ benefits received on behalf of foster youth are handled so the funds are not used to offset foster care costs, but instead are preserved for post-secondary education or aftercare services when the youth leaves foster care. The bill drew one supportive appearance from Victoria Zep of Family Support Services, had no debate, and was reported favorably by a unanimous roll call vote. Senator Sharief later asked to be recorded as a yes vote on the bill. The committee then considered SB 1182, by Senator Jones, which creates the Florida Veterans and Military Spouses Business Development Act to provide fee relief and tax incentives for veteran-owned and military spouse-owned businesses. The committee adopted Jones’s strike-all amendment, which added information-sharing and verification provisions, refined the tax exemptions, and broadened eligibility for fee waivers and sales tax relief. After no questions or debate, the amended bill was reported favorably by unanimous vote. The committee also held a confirmation hearing for three appointees—Matthew Bacchano, Tim Thomas, and Belinda Kaiser—and recommended confirmation on all three in one vote. The meeting concluded with several members offering remarks praising Chair Wright’s long service and leadership on veterans’ issues, followed by adjournment.

Transcript Highlights:

• Development to be Secretary of Economic Development to be with<00:01:03.359> us.
• <00:01:21.920> going economic development as to what's going economic development as to what's
• <00:02:29.760> development to the cabinet for economic development to the cabinet for economic
• ensure economic development projects to ensure economic development projects to ensure the<00
• <00:24:47.360> say, economic developer and you could say, economic developer and you could

Keywords: Meeting Start 00:00:00 Roll Call 00:00:04 Economic Development Projects Funding 00:01:25 Blue Oval SK 00:05:20, 958, all

Summary: The committee met with a quorum to hear a recap of the 2021 special session legislation, Senate Bill 5, and then receive testimony from the Secretary of Economic Development on the Blue Oval SK project and related economic development issues. Staff explained that Senate Bill 5 appropriated five amounts from the budget reserve trust fund for a project tied to a minimum $2 billion investment: $350 million for forgivable loans through the Kentucky Economic Development Finance Authority, $10,639,600 to pay off a Hardin County loan tied to 47 tracts of property, $20 million for Bluegrass State Skills Corporation training grants, $5 million for KCTCS training grants, and $25 million for a KCTCS on-site training center. Staff also noted there were no job-related requirements in the bill itself. The secretary said the Blue Oval SK incentive was structured as a $250 million forgivable loan rather than the state’s usual pay-as-you-go incentives, with clawback provisions tied to jobs, wages, investment, and changes in ownership or operations. He said the project had already exceeded the $2 billion investment threshold, that corporate guarantees were required from SK On and Ford, and that the agreement’s compliance period begins in December 2026 with payments starting in March 2027 and running through 2038. He said the state’s goal after the joint venture dissolution was to protect taxpayers, support affected workers, and preserve future job creation, while also ensuring the money would be repaid if performance targets are not met. Members asked about the workforce impact, the training programs, and whether the jobs targets would be revised. The secretary said the project had about 1,850 workers at the site, with both production and salaried employees affected, and described state-led job fairs, a job portal, and other rapid-response efforts to help displaced workers find new jobs or training. He said Ford had agreed to continue discussions, invest an additional $2 billion in the site for energy storage solutions, and pursue roughly 2,100 new jobs, while the state sought to keep the company accountable for the full repayment obligation if jobs are not created. One senator raised broader concerns about mega-projects displacing small businesses and creating infrastructure burdens in surrounding communities.

Bills: HJR303, SJR83, SJR85, HJR310, HR304, HJR311, SJR82, HJR298, HJR299, HJR300, HJR301, HJR291

Keywords: arts education, cultural heritage, Alabama Center for the Arts, public art, Alabama Arts Hall of Fame, community engagement, Cook Museum, natural science, STEM education, North Alabama, educational programs, student engagement, trade, economic relations, Montenegro, Port of Bar, international cooperation, investment, cargo operations, Alabama

Transcript Highlights:

• growth. ...economic resilience.
• Thank you. ...veteran-owned businesses, there's been a Texas GDP economic impact of about $1.8 billion
• Translating military skills to business, veterans develop leadership and problem-solving skills; however
• My concern is the category is so broad. ...it's really about economic development generally for veterans
• I'd love to work with you on this because I do see a deep need for economic development. ...within this

Bills: SB 390, SB 1197, SB 1271

Keywords: veteran-owned businesses, state contracting, historically underutilized business, economic opportunity, small business, economic development, veterans, certification, Texas legislation, unmanned aircraft, spaceport, criminal offense, aviation regulations, airspace safety, military installations, concurrent jurisdiction, governor's approval, state agency, land acquisition, Veteran Affairs

Summary: The meeting of the Committee on Veteran Affairs addressed several significant bills aimed at supporting veterans and their businesses. Among the bills discussed was SB390, which seeks to expand the definition of historically underutilized businesses to include all veteran-owned businesses, regardless of disability status. This change aims to create a more equitable economic landscape for veterans and to foster their participation in state procurement opportunities. The committee heard strong testimony supporting this initiative, emphasizing the importance of providing veterans with fair chances in business development.