RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION IN SUPPORT OF H.R. 2535, THE ECONOMIC DEVELOPMENT ADMINISTRATION ACT OF 2003

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, over the past two years the San Francisco Bay Area region has lost 350,000 or 9.5 percent of total payroll. In addition to technology, a significant loss has come from non-tech jobs, including jobs from the airline and hotel business;

WHEREAS, during the first six months of 2003, the State's unemployment rate hovered at 6.8 percent; during that same period San Mateo County's unemployment rate leveled off at 5 percent; as a result, efforts to create new, retain and enhance industries in the Bay Area continues to be of importance to the region;

NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Board of Supervisors support the enactment of H.R. 2535, the Economic Development Administration Act of 2003, to reauthorize the Economic Development Administration (EDA) for an additional five years; to provide grant funding that support economic development programs to raise the standard of living for all citizens and increase the wealth and overall rate of growth of the economy by encouraging communities to develop a more competitive and diversified economic base.

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