Text: HF02388 Text: HF02390 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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1 1 Section 1. NEW SECTION. 15E.41 SHORT TITLE.
1 2 This division shall be known and may be cited as the "Iowa
1 3 New Economy Act".
1 4 Sec. 2. NEW SECTION. 15E.42 DEFINITIONS.
1 5 As used in this division, unless the context otherwise
1 6 requires:
1 7 1. "Board" means the Iowa economic development board
1 8 created in section 15.103.
1 9 2. "Department" means the Iowa department of economic
1 10 development created in chapter 15.
1 11 3. "Industry cluster" means a group of companies that
1 12 operate in the same or a related field, are linked by buyer-
1 13 seller relationships, common customers, or other
1 14 relationships, and rely on an active set of relationships
1 15 among themselves for individual efficiency and
1 16 competitiveness.
1 17 Sec. 3. NEW SECTION. 15E.43 IOWA NEW ECONOMY COUNCIL.
1 18 1. An Iowa new economy council is created. Except as
1 19 provided in subsection 5, the council shall initially consist
1 20 of ten senior level decision makers and five ex officio,
1 21 nonvoting members. With the exception of paragraphs "c" and
1 22 "f", the ten senior level decision makers serving on the
1 23 council shall be appointed by the governor and include the
1 24 following:
1 25 a. Two representatives of the business community
1 26 representing different size businesses from different
1 27 geographic areas of the state.
1 28 b. One representative from each of the Iowa leadership
1 29 councils established in section 15E.45.
1 30 c. One president, or the president's designee, of the
1 31 university of Iowa, the university of northern Iowa, or Iowa
1 32 state university of science and technology designated by the
1 33 state board of regents on a rotating basis.
1 34 d. One representative of the community college system.
1 35 e. One representative of a labor union.
2 1 f. The director of the department of economic development,
2 2 or the director's designee.
2 3 g. A person who is employed with the department of
2 4 economic development and is an expert on science and
2 5 technology issues.
2 6 2. The ex officio members of the council shall include the
2 7 following:
2 8 a. One representative of the primary and secondary
2 9 educational system appointed by the governor.
2 10 b. The president of the senate, or the president's
2 11 designee.
2 12 c. The senate minority leader, or the minority leader's
2 13 designee.
2 14 d. The speaker of the house of representatives, or the
2 15 speaker's designee.
2 16 e. The house minority leader, or the minority leader's
2 17 designee.
2 18 3. The initial appointments required under subsection 1,
2 19 paragraph "b", shall be made after the Iowa leadership
2 20 councils are established pursuant to section 15E.45.
2 21 4. The council shall annually elect a chairperson from
2 22 among its members.
2 23 5. If more than three industry leadership councils are
2 24 created pursuant to section 15E.45, the voting membership of
2 25 the council shall be expanded to allow one representative of
2 26 each industry leadership council to serve on the council.
2 27 Sec. 4. NEW SECTION. 15E.44 STRATEGIC FOCUS AND
2 28 ACTIVITIES.
2 29 1. The focus of the Iowa new economy council shall be to
2 30 develop a three-year strategic plan with an annual operating
2 31 plan to support and strengthen the competitiveness of Iowa
2 32 businesses within each industry cluster. The council shall
2 33 share the council's strategic plan with the board for the
2 34 purpose of the board's consideration in developing its own
2 35 strategic plan for the department. At a minimum, the council
3 1 shall address all of the following in the council's strategic
3 2 plan:
3 3 a. Developing collaborative industry-led projects in each
3 4 identified industry cluster.
3 5 b. Leading efforts to improve Iowa's competitive position
3 6 in each industry cluster.
3 7 c. Facilitating activities designed to strengthen
3 8 relationships and advocate collaboration among Iowa research
3 9 institutions and Iowa's technology intensive businesses.
3 10 2. The Iowa new economy council shall develop and
3 11 implement activities addressing all of the following issues:
3 12 a. Skilled and adaptable human resources.
3 13 b. Access to technology on which new products and
3 14 processes are based.
3 15 c. Availability of financial capital to support new
3 16 ventures, expansion of existing companies, and reinvestment in
3 17 transition industries.
3 18 d. Support of advanced physical infrastructure for
3 19 transportation, communications, energy and water, and waste
3 20 handling.
3 21 e. A review of the regulatory and taxation environment and
3 22 business climate resulting in recommendations to balance
3 23 competitiveness.
3 24 Sec. 5. NEW SECTION. 15E.45 INDUSTRY LEADERSHIP
3 25 COUNCILS.
3 26 In conjunction with its own creation, the council shall
3 27 establish leadership councils in the advanced manufacturing,
3 28 information solutions, and life sciences industry clusters, as
3 29 well as any other industry cluster identified by the Iowa new
3 30 economy council. The leadership councils shall be comprised
3 31 of business and industry, academic, government, and other
3 32 representatives identified by the Iowa new economy council.
3 33 The leadership councils shall be established to address issues
3 34 specific to each industry cluster. The Iowa new economy
3 35 council shall determine the ongoing structure, membership, and
4 1 operational objectives of the leadership councils.
4 2 Sec. 6. NEW SECTION. 15E.46 FUNDING.
4 3 The Iowa new economy council and the leadership councils
4 4 shall not receive any moneys directly from the state. The
4 5 Iowa new economy council may seek and obtain moneys from
4 6 federal and private sources. Public resources allocated for
4 7 the operation of the Iowa new economy council and the
4 8 leadership councils or for specific projects sponsored by the
4 9 Iowa new economy council and the leadership councils shall be
4 10 received through appropriate performance agreements
4 11 administered by the department or other appropriate public
4 12 entities. Private moneys secured through contributions,
4 13 contracts, or other means shall be administered and accounted
4 14 for as determined by the Iowa new economy council. The
4 15 department shall provide the Iowa new economy council with
4 16 staffing services.
4 17 Sec. 7. NEW SECTION. 15E.47 REPORTS.
4 18 The Iowa new economy council shall annually submit a report
4 19 to the governor and the general assembly concerning the use of
4 20 resources and the results derived from investments in the
4 21 activities sponsored by the council. Copies of status reports
4 22 provided under any performance agreement with the department
4 23 or other public entity shall be provided to the governor and
4 24 the general assembly.
4 25 EXPLANATION
4 26 This bill establishes an Iowa new economy council.
4 27 The bill provides that the council shall consist of 10
4 28 senior level decision makers appointed by the governor and
4 29 five ex officio, nonvoting members. The bill provides that
4 30 the focus of the council shall be to develop a three-year
4 31 strategic plan with an annual operating plan to support and
4 32 strengthen the competitiveness of Iowa businesses within each
4 33 industry cluster. The bill provides that an "industry
4 34 cluster" is a group of companies that rely on an active set of
4 35 relationships among themselves for individual efficiency and
5 1 competitiveness.
5 2 The bill provides that the council shall develop and
5 3 implement activities addressing issues relating to skilled and
5 4 adaptable human resources; access to technology on which new
5 5 products and processes are based; availability of financial
5 6 capital to support new ventures, expansion of existing
5 7 companies, and reinvestment in transition industries; support
5 8 of advanced physical infrastructure for transportation,
5 9 communications, energy and water, and waste handling; and a
5 10 review of the regulatory and taxation environment and business
5 11 climate resulting in recommendations to balance
5 12 competitiveness.
5 13 The bill provides that the Iowa new economy council shall
5 14 establish leadership councils in the advanced manufacturing,
5 15 information solutions, and life sciences industry clusters, as
5 16 well as any other industry cluster identified by the Iowa new
5 17 economy council, to address issues specific to each industry
5 18 cluster.
5 19 The bill provides that the Iowa new economy council and the
5 20 leadership councils shall not receive any moneys directly from
5 21 the state but may seek and obtain moneys from federal and
5 22 private sources. The bill provides that public resources
5 23 allocated for the operation of the Iowa new economy council
5 24 and the leadership councils or for specific projects sponsored
5 25 by the Iowa new economy council and the leadership councils
5 26 shall be received through appropriate performance agreements
5 27 administered by the department or other appropriate public
5 28 entities. The bill provides that private moneys secured
5 29 through contributions, contracts, or other means would be
5 30 administered and accounted for as determined by the Iowa new
5 31 economy council.
5 32 The bill provides certain reporting requirements relating
5 33 to the use of resources and the results derived from
5 34 investments in the activities sponsored by the council. The
5 35 bill also requires copies of status reports provided under any
6 1 performance agreement with the department or other public
6 2 entity to be provided to the governor and the general
6 3 assembly.
6 4 LSB 6519YH 79
6 5 tm/pj/5
Text: HF02388 Text: HF02390 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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