Loading chat...
CA AB940
Bill
Status
10/3/2025
Primary Sponsor
Stan Ellis
Click for details
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