RCW 43.31C.005
322 words·~1 min read·
/wa/title-43/chapter-43-31c/43-31c-005·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The legislature finds that:
(a)There are geographic areas within communities that are characterized by a lack of employment opportunities, an average income level that is below the median income level for the surrounding community, a lack of affordable housing, deteriorating infrastructure, and a lack of facilities for community services, job training, and education;
(b)Strategies to encourage reinvestment in these areas by assisting local businesses to become stronger and area residents to gain economic power involve a variety of activities and partnerships;
(c)Reinvestment in these areas cannot be accomplished with only governmental resources and require a comprehensive approach that integrates various incentives, programs, and initiatives to meet the economic, physical, and social needs of the area;
(d)Successful reinvestment depends on a local government's ability to coordinate public resources in a cohesive, comprehensive strategy that is designed to leverage long-term private investment in an area;
(e)Reinvestment can strengthen the overall tax base through increased tax revenue from expanded and new business activities and physical property improvement;
(f)Local governments, in cooperation with area residents, can provide leadership as well as planning and coordination of resources and necessary supportive services to address reinvestment in the area; and
(g)It is in the public interest to adopt a targeted approach to revitalization and enlist the resources of all levels of government, the private sector, community-based organizations, and community residents to revitalize an area.
(2)The legislature declares that the purposes of the community empowerment zone act are to:
(a)Encourage reinvestment through strong partnerships and cooperation between all levels of government, community-based organizations, area residents, and the private sector;
(b)Involve the private sector and stimulate private reinvestment through the judicious use of public resources;
(c)Target governmental resources to those areas of greatest need; and
(d)Include all levels of government, community individuals, organizations, and the private sector in the policy-making process.
[ 2000 c 212 s 1 .]