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AB-2596 California Economic Development Strategic Plan.(2017-2018)

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Date Published: 02/15/2018 09:00 PM
AB2596:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 2596


Introduced by Assembly Members Cooley and Kiley
(Coauthor: Assembly Member Cooper)

February 15, 2018


An act to add Section 12096.35 to the Government Code, relating to economic development.


LEGISLATIVE COUNSEL'S DIGEST


AB 2596, as introduced, Cooley. California Economic Development Strategic Plan.
The Governor’s Office of Business and Economic Development serves as the Governor’s lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. The office, among others, makes recommendations to the Governor and the Legislature regarding policies, programs, and actions to advance statewide economic goals.
This bill would require the office to lead the preparation of a California Economic Development Strategic Plan, as specified.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 12096.35 is added to the Government Code, to read:

12096.35.
 (a) The office shall lead the preparation of a California Economic Development Strategic Plan. In fulfilling this duty, the office shall commission a study that includes, but is not limited to, all of the following:
(1) Recommendations regarding an economic development strategic plan for the state, covering a two-year period for the first report and a three-year time period for subsequent reports and containing a statement of economic goals for the state.
(2) Governmental and nongovernmental impediments to economic development and a list of legislative, regulatory, and administrative reforms necessary to ease those impediments and improvements to the business climate and economy of the state.
(3) An evaluation of the effectiveness of the state’s economic development programs.
(4) A list of key industries in which the state shall focus its economic development efforts, and strategies to foster job growth and economic development covering all state agencies, offices, boards, and commissions that have economic development responsibilities.
(5) An evaluation of proposals, policies, and goals developed at the regional level.
(6) Strengths and weaknesses of the California economy and the state’s prospects for future economic prosperity.
(7) Existing, emerging, and declining industries in California and elsewhere.
(8) Effectiveness of California’s economic development programs in creating and retaining jobs and attracting industries.
(9) Adequacy of state and local physical and economic infrastructure.
(10) Opportunities to leverage federal resources for state priorities.
(11) Tactics for attracting private capital to the state and investment in state priority areas.
(b) Upon completion of the study, the office shall convene a stakeholder advisory group consisting of representatives from businesses, labor unions, organizations representing the interests of diverse ethnic and gender groups, local government leaders, academic economists and business professors, chambers of commerce and other business organizations, economic development organizations, economic development groups focusing on regional economies, government agencies, and key industries to assist with evaluating and preparing the California Economic Development Strategic Plan.
(c) The office shall submit a report of its findings and recommendations regarding subdivision (a) to the Governor and the Legislature no later than one year after its first meeting after January 1, 2019, and every three years following that date. The report shall be submitted to the Legislature in the manner required pursuant to Section 9795.
(d) The office shall electronically deliver copies of the recommended California Economic Development Strategic Plan to every constitutional officer, legislator, member of the Governor’s cabinet, and every state agency, office, board, and commission having economic development responsibilities.
(e) In fulfilling the requirements of this section, the office may utilize portions of previous studies that satisfy the requirements of subdivision (a) to the extent feasible and relevant.
(f) The California Economic Development Strategic Plan may be funded in whole or in part by nonstate funds.
(1) The Governor’s Office of Business and Economic Development may accept nonstate moneys, including, but not limited to, federal and private sector funds, for the purposes of developing the California Economic Development Strategic Plan. A donor shall not donate more than 25 percent of funding for the California Economic Development Strategic Plan. The private sector moneys shall be deposited in the California Economic Development Fund.
(2) For each donation that it receives to fund the California Economic Development Strategic Plan for this purpose, the Governor’s Office of Business and Economic Development shall post a report on its Internet Web site within 30 days of receiving that donation. The report shall contain all of the following information: name and address of the donor, amount of the donation, and the date the donation was made.