Senate Bill 5770 - Washington State Convention Economy Grants (2022 Regular Session)

Summary

Senate Bill 5770, State of Washington, 67th Legislature, 2022 Regular Session, by Senators Mullet and Frockt, by request of Secretary of State, relating to providing Washington state convention economy grants. Read first time 01/11/22, it was referred to the Committee on Business, Financial Services & Trade. Section 1 appropriates $5,000,000, or as much as may be necessary, for the fiscal biennium ending June 30, 2023, to the department of commerce from the coronavirus state fiscal recovery fund-state appropriation. Eligible businesses must have reported annual gross receipts of $100,000,000 or less for calendar year 2019. They may receive up to a $500,000 grant for revenue lost due to a cancellation or reduction of participants in a convention in Washington state in 2020 or 2021.

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Full text

     Z-0518.1

                               SENATE BILL 5770


     State of Washington       67th Legislature        2022 Regular Session

     By Senators Mullet and Frockt; by request of Secretary of State

     Read first time 01/11/22.      Referred   to   Committee   on   Business,
     Financial Services & Trade.




1        AN ACT Relating to providing Washington state convention economy
2    grants; creating a new section; and making an appropriation.


3    BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:


4        NEW SECTION. Sec. 1. FOR THE DEPARTMENT OF COMMERCE—WASHINGTON
5    STATE CONVENTION ECONOMY GRANTS
6        The sum of $5,000,000, or as much thereof as may be necessary, is
7    appropriated for the fiscal biennium ending June 30, 2023, from the
8    coronavirus state fiscal recovery fund—state appropriation to the
9    department of commerce for the purposes of this section.
10       The appropriation in this section is subject to the following
11   conditions and limitations:
12       (1) The appropriation is provided solely for the department of
13   commerce to provide additional grants to assist businesses registered
14   with the department of revenue as provided in RCW 82.32.030 that are
15   dependent on the economic activity created through conventions hosted
16   in Washington state to maintain their operations. To be eligible for
17   a grant under this subsection, the business must:
18       (a) Apply for or have applied for the grant;
19       (b) Have reported annual gross receipts of $100,000,000 or less
20   to the department of revenue for calendar year 2019;


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 1       (c) Have expenses that are necessary to continue business
 2   operations and the expense is not a federal, state, or local tax,
 3   fee, license, or other government revenue;
 4       (d) Self–attest that the expense is not funded by any other
 5   government or private entity;
 6       (e) Have experienced a reduction in business income or activity
 7   related to COVID-19 or state or local actions in response to
 8   COVID-19;
 9       (f) Have met one or more of the following criteria:
10       (i) Hosted a convention in Washington;
11       (ii) Have a business that provided support services to
12   conventions to Washington; or
13       (iii) Have a business that depends on the function of conventions
14   to sell goods and services in Washington state; and
15       (g) Agree to operate in accordance with the requirements of
16   applicable federal, state, and local public health guidance and
17   directives.
18       (2)(a) Eligible businesses may receive up to a $500,000 grant for
19   revenue lost due to a cancellation or a reduction of participants in
20   a convention hosted in Washington state in 2020 or 2021.
21       (b) Eligible participants must provide the department of commerce
22   with: (i) Financial records from 2019 that can provide a basis for
23   revenue received from convention activity in Washington state prior
24   to the COVID-19 outbreak; and (ii) financial records from 2020 and
25   2021 that show a reduction in gross revenue received from convention
26   activity in Washington state during the COVID-19 outbreak.
27       (c) Eligible businesses must provide financial records related to
28   any grants or loans from federal and state government programs during
29   2020 through 2022.
30       (d) The grant award shall equal the loss in revenue between 2019
31   and 2020, less grants or loans from federal and state government
32   programs, and is not to exceed $500,000.
33       (e) If a business received one or more working Washington small
34   business grants, the grant awarded under this section must be reduced
35   to reflect the amounts received from previous working Washington
36   small business grants.
37       (3) Nonprofit organizations may be eligible to receive funding
38   under subsection (1) or (2) of this section if they have a primary



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1   business activity that has been impacted as described in subsection
2   (1)(e) of this section.

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