Amended in Assembly April 4, 2013

California Legislature—2013–14 Regular Session

Assembly Concurrent ResolutionNo. 42

Introduced by Assembly Member Daly

(Coauthors: Assembly Members Bonilla, Ian Calderon, Perea, V. Manuel Pérez, Quirk-Silva, Salas, and Williams)

April 1, 2013

Assembly Concurrent Resolution No. 42—Relative to Family Business Day.

LEGISLATIVE COUNSEL’S DIGEST

ACR 42, as amended, Daly. Family Business Day.

This measure would declare Aprilbegin delete 10,end deletebegin insert 11,end insert 2013, as Family Business Day in California and call upon the State of California to adopt policies to encourage the growth and prosperity of family owned businesses within the state.

Fiscal committee: no.

P1    1WHEREAS, Family businesses arebegin delete the backboneend deletebegin insert a mainstayend insert of
2our local, state, and national economies; and

begin insert

3WHEREAS, Family businesses are characterized as
4organizations controlled and usually managed by multiple family
5members, often from multiple generations; and

end insert

6WHEREAS, Family businesses generatebegin delete 57end deletebegin insert 64end insert percent of the
7nation’s GDP, employbegin delete 63end deletebegin insert 62end insert percent of the workforce, and create
875 percent of all new jobs; and

begin delete

9WHEREAS, California’s 1.4 million family businesses employ
107 million Californians of the 17 million civilian employees in the
11state; and

end delete

P2    1WHEREAS, Studies show that family businesses generate higher
2returns for their shareholdersbegin insert and account for approximately
3oneend insertbegin insert-third of major listed and unlisted companiesend insert; and

4WHEREAS, Family businesses invest more in their employees’
5training and benefitsbegin delete and are more likely to promote women to
6executive managementend delete; and

7WHEREAS, Family businesses are less likely to lay off workers
8in tough economic times; and

9WHEREAS, Family businesses engage in higher levels of
10philanthropic giving and donate more to local causes; and

11WHEREAS, Family businesses are strong stewards of the
12environment by virtue of their long-term perspective and sense of
13duty to the past, present, and future of the state; now, therefore,
14be it

15Resolved by the Assembly of the State of California, the Senate
16thereof concurring, That the Legislature declares Aprilbegin delete 10,end deletebegin insert 11,end insert
17 2013, as Family Business Day in California; and be it further

18Resolved, That the State of California adopt policies to
19encourage the growth and prosperity of family owned businesses
20within the state; and be it further

21Resolved, That the Chief Clerk of the Assembly transmit a copy
22of this resolution to the author for appropriate distribution.


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