FISCAL NOTE
Date Requested: January 28, 2015
Time Requested: 01:17 PM |
| Agency: |
Development Office |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2453 |
Introduced |
HB2444 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This Legislation calls for the Development Office to assign at least Economic Development Representatives to provide assistance to small businesses. This individual is to be called a Small Business Ally.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
70,750 |
70,750 |
| Personal Services |
0 |
60,750 |
60,750 |
| Current Expenses |
0 |
10,000 |
10,000 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The above estimate is based on the need to hire at least one additional economic representative at a cost of $60,750.00 to cover salary and fringe benefits. The remaining $10,000 is to cover travel costs and other associated costs necessary to support the position.
Memorandum
The WV Development Office currently has Small Business Unit that receives a portion of it's funds from the U S Small Business Administration.
Person submitting Fiscal Note: Carl D Smith
Email Address: carl.d.smith@wv.gov