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CA AB940

Bill

Status

Passed

10/3/2025

Primary Sponsor

Stan Ellis

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Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Requires the Governor's Office of Business and Economic Development (GO-Biz) to develop industry strategies for strategic sectors identified in the California Jobs First State Economic Blueprint to promote job growth and capital investment

  • Each industry strategy must include an industry overview, key risks and dependencies, identification of priority projects and public-private partnerships, analysis of relevant state policies and regulations, and expected sector-level outcomes

  • Mandates GO-Biz to prioritize developing an industry strategy specifically for the quantum technology subsector and submit it to the Legislature by July 1, 2026

  • Industry strategies must build on California's concentration of academic, scientific, and technological assets, and prioritize access to tax incentives, grants, loan programs, and workforce training to attract private sector investment

  • Requires GO-Biz to maintain a dedicated section on the state website with industry-specific information for each strategic sector

Legislative Description

Economic development: industry strategies.

Last Action

Chaptered by Secretary of State - Chapter 333, Statutes of 2025.

10/3/2025

Committee Referrals

Appropriations9/10/2025
Business, Professions and Economic Development9/9/2025
Rules9/9/2025
Local Government6/23/2025
Business, Professions and Economic Development6/4/2025
Rules5/28/2025
Appropriations4/22/2025
Economic Development, Growth, and Household Impact3/24/2025

Full Bill Text

No bill text available