CA AB193

Establishes a venture capital program within the California Infrastructure and Economic Development Bank to make loans and provide financial assistance to investment funds, small businesses, and other entities, with a continuously appropriated fund from the Small Business Expansion Fund.

Creates multiple grant programs including the California Regional Initiative for Social Enterprises Program (up to $500,000 grants), Accelerate California Entrepreneurship Fund for hub participants, and California Small Business Development Technical Assistance Program (extends indefinitely, removes January 1, 2024 repeal date).

Expands California Small Business COVID-19 Relief Grant Program eligibility to include tribal government divisions, cities, counties, fiscally sponsored organizations, and businesses with annual gross revenue up to $5,000,000 (increased from $2,500,000).

Establishes Local Government Budget Sustainability Fund for county grants in high-poverty/high-unemployment areas, California Containerized Ports Interoperability Grant Program, and Local Government Immigrant Integration Initiative (through June 30, 2026).

Creates California Investment and Innovation Program within Pollution Control Financing Authority to provide grants to community development financial institutions for technical assistance and capital access to disadvantaged communities, with a continuously appropriated fund.