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AB-1573 California Business Retention Program.(2021-2022)

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Date Published: 03/04/2021 09:00 PM
AB1573:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill
No. 1573


Introduced by Committee on Jobs, Economic Development, and the Economy

March 04, 2021


An act to add Section 12098.9 to the Government Code, relating to small business.


LEGISLATIVE COUNSEL'S DIGEST


AB 1573, as introduced, Committee on Jobs, Economic Development, and the Economy. California Business Retention Program.
Existing law establishes the Office of Small Business Advocate within the Governor’s Office of Business and Economic Development, also known as GO-Biz, and prescribes the duties and functions of the Small Business Advocate, who is also the Director of the Office of Small Business Advocate. Among these duties, the director is to serve as the principal advocate in the state on behalf of small businesses and to represent the views and interests of small businesses before other state agencies, the policies and activities of which may affect small businesses.
This bill would create the California Business Retention Program, within the office, to support the retention of small businesses by leveraging the state’s economic development and small business technical assistance providers. The bill would require the program to include, among other things, grant funding to support regional and local business retention programs. The bill would also require the office to publish an annual report on its internet website, and notify the Legislature when the report is available.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 12098.9 is added to the Government Code, to read:

12098.9.
 (a) There is hereby established within the office a California Business Retention Program in order to support the retention of small businesses by leveraging the state’s economic development and small business technical assistance providers.
(b) The program shall include all of the following:
(1) Grant funding to support regional and local business retention programs.
(2) Establishment of an early warning system for network partners to alert the Governor’s Office of Business and Economic Development and other state, federal, and local partners of trending business challenges and individual negative business outcomes.
(3) (A) Eligible applicants include federally and state designated small business technical assistance providers, chambers of commerce, economic development nonprofits, and local governments.
(B) Applicants serving historically underserved business owners and low-income neighborhoods shall be given priority.
(c) The office shall publish an annual report on its internet website regarding the program, and notify the Legislature when the report is available.