Washington’s Economic and Community Recovery
- Issuer
- Congressional materials
- Document type
- 2021 01 12 A28156 D224194 Department Of Commerce Washington S Economic And Community R
- Date
- 2021-01-12
- Case
- 2021 01 12 A28156 D224194 Department Of Commerce Washington S Economic And Community R
Summary
A slide presentation titled Washington's Economic and Community Recovery by Lisa Brown, Director of the Washington State Department of Commerce, to the House Community & Economic Development Committee on January 12, 2021. It reports COVID response and recovery funding through Commerce of $621.4M and $197.2M, totaling more than $800M, and charts employment declines in 2020. The slides list Working WA Small Business Emergency Grants, including a Round 3 of $100M to 7800+ businesses, and Governor's budget items such as $195 million in capital for broadband. A section from the WEDA executive director sets out legislative priorities and reports $12B+ in PPP to over 102,000 small businesses in 2020.
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Cite this document
“Washington’s Economic and Community Recovery.”
Original at app.leg.wa.gov, dated 2021-01-12. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-01-12-2021-01-12-a28156-d224194-department-of-commerce-washington-s-economic-and-community-r/
, SHA-256 da181eb821c812f1875b788587db799c7647fa60a41657c239e59c6f198893e9.Full text
Washington’s
Economic and
Community Recovery
Lisa Brown
DIRECTOR
HOUSE COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
JANUARY 12, 2021
COVID response and recovery funding through
Commerce
HOUSING, TRIBES & LOCAL GOVERNMENT BUSINESSES & NONPROFITS
$621.4M $197.2M
Total to date > $800M
WASHINGTON STATE DEPARTMENT OF COMMERCE 2
The economic impact of COVID-19 is unprecedented
Employment declines greater than the deepest point of the Great Recession
Dashboard screenshot: % change in total employment January through
November 2020 by geography (seasonally adjusted) Impact is deep
WA's deepest point in WA employment rates steadily
Great Recession improved until recently but the
(Aug 2008 to May 2011)
drop in total employment is still
near Great Recession levels
Idaho (-1%)
Montana (-2%)
WA tracking with other states
Washington (-5%)
WA curve shaped similarly to
Oregon (-2%) other Western states, through
US (-5%) Sept., but showing recent
California (-8%) volatility.
Significant uncertainty around
near-term recovery
Alarming disease trajectory
heading towards winter with no
additional federal support
Source: Local Area Unemployment Statistics (LAUS) – Seasonally Adjusted, Bureau of Labor Statistics (Includes all workers in the
labor force)
WASHINGTON STATE DEPARTMENT OF COMMERCE 3
Trends: Demographic impacts
WASHINGTON STATE DEPARTMENT OF COMMERCE 4
Trends: Industry sectors
WASHINGTON STATE DEPARTMENT OF COMMERCE 5
Our Economic Recovery Focus
EQUITY: Ensure equitable access to resources for underserved
entrepreneurs and communities
SMALL BUSINESS: Assist small businesses in retooling and pivoting for
safe and successful operations
HIGH-IMPACT INVESTMENTS: Advocate for investment in innovation,
sustainability, and resilience
DATA: Track and promote recovery in jobs and economic activity by sector,
industry, and region
WASHINGTON STATE DEPARTMENT OF COMMERCE 6
Small Business Resiliency Network
WASHINGTON STATE DEPARTMENT OF COMMERCE 7
Recent Activities: Supporting Small Businesses
Federal CARES ACT
Working WA Small Business Emergency Grants
• Round 1: $10M & 1400+ businesses funded
• Round 2: $15M &1500+ businesses & ADO network funded
• Resiliency Grant: $18M & 2700 business funded
• Round 3: $100M & 7800+ businesses funded
• Small Business Resiliency Network: $2M
$ 30 Million Revolving Loan Fund
WASHINGTON STATE DEPARTMENT OF COMMERCE 8
LOOKING AHEAD: Next Steps
Equitable Accelerator Program
Innovation Clusters
Resiliency Network
Revolving Loan Fund
Technical Assistance Ecosystem
WASHINGTON STATE DEPARTMENT OF COMMERCE 9
Governor’s Budget
Small Business Equity
• Equitable Statewide Small Business - $6.6 million
• Digital Navigators - $6 million
Broadband/Infrastructure
• Broadband - $3.1million (operating) and $195 million (capital budget)
• Public Works Board - $160 million (capital)
Clean Energy
• Clean Energy Fund - $100 million (capital)
STRATEGIC RESERVE FUND
• SRF -$6.9 million
WASHINGTON STATE DEPARTMENT OF COMMERCE 10
Recent Activities: Strategic Reserve Fund
County Project Sector Total Jobs Capex SRF Award
Grant Lavender Clean Tech 1,200 $90,000,000 $300,000
Maritime
Skagit Terminal CleanTech 300 $18,000,000 $300,000
Snohomish Electric Aviation Aero/Clean Tech 70 $2,800,000 $350,000
Clark Aerospace Aerospace 25 $7,000,000 $75,000
Whatcom Sapling Construction 75 $750,000 $100,000
WASHINGTON STATE DEPARTMENT OF COMMERCE 11
Working Together for Job
Recovery & Economic Vitality
Across Washington
Suzanne Dale Estey, WEDA Executive Director
Q1 2021
What We Do
Washington State’s only trade association laser-focused on
economic development
25th Anniversary
WEDA is committed to recovering, retaining, expanding and
recruiting jobs and investment in Washington State
Our Strategic Goals – since COVID-19: Creating an imperative to
empower communities across Washington with tools to recover
from the COVID-19 crisis, assisting employers large and small in
rebuilding, becoming globally competitive and growing jobs,
while supporting an equitable economy and inclusive economic
development.
We Believe: The time is now to rebuild our economic vitality,
increase the resiliency of our economy, and strengthen the
economic development ecosystem at state, regional and local
levels.
WEDA’s Top Legislative Priorities
WEDA’s 2021 Economic Recovery Legislative Agenda focuses on the
most critical actions lawmakers can take to recover, retain and grow
living wage jobs, foster vibrant communities, support equity and
opportunity for all and spark re-investment across Washington State:
Strengthen the Economic Development Ecosystem
Foster Catalysts for Job Recovery & Growth
Increase Prosperity for All of Washington
COVID-19 Economic Response & Recovery
Weekly members meetings; regular communication;
best practices; Economic Resiliency Tool Box; Economic
Recovery Resources Forum
Advocacy for ecosystem & small business assistance
Mobilizing & maximizing federal resources for WA small
businesses & nonprofit employers
o 2020: $12B+ in PPP - over 102,000 small businesses + EIDL
o Washington State Small Business Recovery Working Group
o Goal – current PPP round: $6B (per capita share)
o Mobilizing multi-discipline teams statewide & regional
(ADO, Commerce, SBDC, Commerce Resiliency Partners,
banks/lenders, CDFIs, chambers, other economic
development partners & community leaders)
Get Ready campaign underway; need resources,
support
Commerce Small Business Resiliency
Partners
Lori Wada Monica Simeon Lyn Idahosa
Communications Director Principal ♦ Vice President Executive Director
WASHINGTON STATE DEPARTMENT OF COMMERCE 16
Final Thoughts
• Equity – including regional equity
• Small Business / Main Street
• Global Competitiveness
• Industrial Transition
• Clean Energy Economy
• Creative Economy
WASHINGTON STATE DEPARTMENT OF COMMERCE 17
www.commerce.wa.gov
Thank you.
Lisa Brown
DIRECTOR
lisa.brown@commerce.wa.gov
360.725.4021
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- SHA-256
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- Original
- app.leg.wa.gov