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CA AB2798
Bill
AI Summary
- Amends Section 13997.2 of the Government Code to define additional terms related to economic development activities in California
- Defines "local economic development organization" as a public or public-private agency recognized by cities and counties as the lead agency for job creation and business development
- Defines "economic development" as activities that enhance productive capacity factors (land, labor, capital, technology) through business finance, marketing, small business development, and real estate redevelopment
- Establishes definitions for "small businesses" as entities with fewer than 100 employees and gross revenue under $5,000,000
- Defines "emerging domestic market" to include ethnic-owned and women-owned firms, urban and rural communities, and companies serving low-income or moderate-income populations
Legislative Description
Economic development.
Last Action
Chaptered by Secretary of State - Chapter 613, Statutes of 2010.
9/30/2010
Committee Referrals
Rules5/10/2010
Jobs, Economic Development, and the Economy4/8/2010
Full Bill Text
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