Bill Summary for Bill Number Presentation by Governor's Office of Economic Development

Date: 09/22/2009

Final
Presentation by Governor's Office of Economic Development

ECONOMIC OPPORTUNITY POVERTY REDUCTION TASK FORCE

Votes: View-->	Action Taken:
<none>	<none>

09:14 AM -- Presentation by the Office of Economic Development and International Trade

Mr. Matt Cheroutes, representing the Governor's Office of Economic Development and International Trade (OEDIT), provided background on the office and briefed the task force on the programs administered by the office that serve to promote economic opportunity. Mr. Cheroutes also spoke to the mission of OEDIT. Mr. Cheroutes responded to questions regarding the estimated return on investment associated with certain of the office's economic development programs, and OEDIT's efforts in the area of job retention.

09:25 AM

Mr. Cheroutes continued to discuss OEDIT's efforts to assist with job retention. Mr. Cheroutes responded to questions regarding the impact of its job creation and retention efforts on assisting the poor, and the definition of the term "primary job." Discussion ensued regarding the concept of primary and secondary jobs, and the ability of OEDIT to target its efforts toward assisting the poor to acquire and retain employment. Discussion followed regarding specific job training programs administered by the state, and how OEDIT and other state entities can add helping the poor to their respective missions.

09:36 AM

Discussion continued regarding potential efforts on the part of certain state entities to assist in reducing poverty, and the need for continued discussion among state entities on the subject of poverty reduction. Mr. Cheroutes responded to questions regarding OEDIT's FY 2009-10 appropriation, potential cuts to the office as a result of the continued budget downturn, and the effect of these cuts. Discussion followed regarding the concept of economic development, and efforts on the part of the task force's Job Creation Subcommittee to explore this concept. Discussion returned to certain cuts to OEDIT's budget, and the impact of the cuts.