West Virginia House Bill HCR107

West Virginia 2022 Regular Session

• Introduced: 3/11/22
• Report Pass: 3/11/22
• Refer: 3/11/22
• Report Pass: 3/12/22
• Engrossed: 3/12/22

Caption

Requesting the Joint Committee on Government and Finance study ways that allow the West Virginia Economic Development Authority (“EDA”) to target companies and have them move to West Virginia without having to go through the Legislative process

Impact

The impact of HCR107 could be significant, as it proposes to alter the traditional legislative procedures associated with economic development initiatives. By studying successful frameworks in surrounding states like Texas, Georgia, and Florida, the bill encourages the EDA to implement strategies that might be more efficient and responsive to the business environment, which could ultimately bolster the state's economy and encourage job growth. Additionally, it aims to create a more proactive development approach that enables quicker responses to economic opportunities.

Summary

HCR107, introduced by Delegate Howell, requests the Joint Committee on Government and Finance to study methods that enable the West Virginia Economic Development Authority (EDA) to attract companies to the state without the need for legislative approval for every job announcement. The resolution aims to streamline the relocation process for businesses by allowing the EDA to operate more independently in targeting both large corporations and smaller firms that can provide employment opportunities, thus enhancing job creation in West Virginia.

Sentiment

The sentiment surrounding HCR107 appears to be generally positive among proponents who advocate for economic diversification and job creation. Supporters believe that empowering the EDA to directly engage with potential employers without bureaucratic delays would lead to improved economic conditions in West Virginia. However, there may be concerns about reducing legislative oversight and accountability in the process, which could generate apprehension among those wary of unchecked governmental powers.

Contention

Notable points of contention may arise regarding the balance between enhancing the EDA's capabilities and maintaining legislative oversight. While the goal is to facilitate a more attractive business climate, some legislators may voice concerns over the implications of bypassing traditional legislative processes, fearing a loss of transparency and accountability in decision-making. The discussion may need to address how to structure the authority's target operations effectively while preserving essential checks and balances.