Bill Summary for S 741 (2019-2020)

Summary date: 

May 14 2020

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 741 (Public) Filed Thursday, May 14, 2020
AN ACT TO ESTABLISH AN ECONOMIC STIMULUS GRANT PROGRAM FOR TIER 1 COUNTIES.
Intro. by deViere, Fitch, Lowe.

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Bill summary

Appropriates $150 million in nonrecurring funds for 2020-21 from the General Fund to the Department of Commerce (DOC). Require DOC to establish an economic stimulus grant program for counties designated as a development tier one area for the 2020 calendar year. Requires the program to be used to provide funds to assist local governments in: (1) conducting laborshed studies for areas or regions from which employment centers draw commuting workers in order to assist various entities in understanding the workforce characteristics of local labor markets, (2) identifying, planning assistance for, and developing regional low-wealth corridors, (3) studying and addressing disparities experienced by women- and minority-owned businesses, and (4) other programs and activities designed to increase prosperity and ameliorate economic distress in development tier one areas. 

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