On March 23, 2026, Governor Bob Ferguson signed HB 2523 into law, advancing Washington’s community reinvestment program and reinforcing the state’s commitment to long-term economic opportunity. Prime sponsored by Rep. Kristine Reeves, the bill passed the House 88-9 and the Senate 45-3. Companion legislation, SB 6275, was sponsored by Sen. T’wina Nobles.
HB 2523 helps expand access to small-business support, entrepreneurship resources, financial literacy training, and other economic development tools that drives real poverty reduction and long‑term economic independence. The law also continues investments in areas tied to long-term community stability, including reentry services, violence prevention, and economic support for historically marginalized and underrepresented communities. Just as importantly, HB 2523 places added emphasis on accountability. The law establishes a clearer funding structure, reporting requirements, plan updates, and independent review to help ensure public dollars are used effectively and deliver measurable results.
WR supported HB 2523 because these investments can help strengthen healthy commercial corridors by expanding economic participation, supporting workforce connections, and creating more resilient local business environments. We appreciate the bill’s thoughtful approach and its recognition that long-term economic growth depends on investing in communities in ways that are intentional, transparent, and built to last. We also appreciate the efforts of advocates, including FMS Global Strategies and the Washington Workforce Association, whose work helped move this legislation forward.
