Today's Law As Amended

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AB-364 Information security: cybersecurity: economic impact study.(2017-2018)

As Amends the Law Today

 (a) The Governor’s Office of Business and Economic Development shall, on or before July 1, 2018, commission and complete a study to evaluate the economic impact of California’s cybersecurity industry in order to better understand the nature of the industry itself, and its role in California’s economy so that the state can take more effective action to encourage and promote the growth of the cybersecurity industry in California.
(b) The economic impact study shall include, but not be limited to, the following information:
(1) A definition of the cybersecurity industry, including the types of products and services provided by cybersecurity firms, as well as other companies that provide cybersecurity products and services.
(2) The number, size, and location of California companies that are a part of the cybersecurity industry, including private, government, and military entities that are headquartered or have branches in California. This information shall include relevant employment data and salary data, as well as information about cybersecurity internships or other student training programs offered.
(3) The direct and indirect economic impact of the companies identified in paragraph (2), including contribution to gross domestic product, average salaries, taxes paid, and any other metrics routinely utilized to measure economic impact.
(4) Any available data regarding difficulties that companies within the cybersecurity industry in California have with hiring and retaining employees, or other impediments to operation and expansion.
(5) Employee job classifications in cybersecurity companies, including educational degrees required for each classification, if any.
(6) The methodology used by the study.
(c) The Governor’s Office of Business and Economic Development shall provide the Legislature with the results of the study completed pursuant to this section, along with recommendations for promoting the economic and workforce development of the state’s cybersecurity industry, including how to utilize California’s Innovation Hubs in that process.
(d) (1) A report to be submitted pursuant to subdivision (c) shall be submitted in compliance with Section 9795 of the Government Code.
(2) Pursuant to Section 10231.5 of the Government Code, this section is repealed on January 1, 2022.