The Senate overwhelmingly passed a bill Tuesday afternoon that would create an economic development council of state lawmakers to evaluate all state-funded activities that support Georgia’s economic development strategy.
“This is an opportunity for us to formally evaluate all of the programs that are funded anywhere in the budget in the name of economic development,” said Sen. Chip Pearson (R-Dawsonville) chairman of the Senate Economic Development Committee. “As stewards of taxpayer dollars, it’s our responsibility to ensure that money used for economic development is utilized effectively to promote job creation and growth.”
The bill, SB 374, passed 50-0.
Pearson said the council would be made up of both Senate and House members and will review current goals, tax exemptions and credits, as well as the Department of Economic Development’s activities and expenditures.
Currently, economic development initiatives are scattered throughout the budget and across agencies.