BILL NUMBER: ACR 42	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 4, 2013

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

                        APRIL 1, 2013

   Relative to Family Business Day.


	LEGISLATIVE COUNSEL'S DIGEST


   ACR 42, as amended, Daly. Family Business Day.
   This measure would declare April  10,   11,
 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.



   WHEREAS, Family businesses are  the backbone 
 a mainstay  of our local, state, and national economies;
and 
   WHEREAS, Family businesses are characterized as organizations
controlled and usually managed by multiple family members, often from
multiple generations; and 
   WHEREAS, Family businesses generate  57   64
 percent of the nation's GDP, employ  63  
62  percent of the workforce, and create 75 percent of all new
jobs; and 
   WHEREAS, California's 1.4 million family businesses employ 7
million Californians of the 17 million civilian employees in the
state; and 
   WHEREAS, Studies show that family businesses generate higher
returns for their shareholders  and account for approximately one
  -third of major listed and unlisted companies  ; and

   WHEREAS, Family businesses invest more in their employees'
training and benefits  and are more likely to promote women
to executive management  ; and
   WHEREAS, Family businesses are less likely to lay off workers in
tough economic times; and
   WHEREAS, Family businesses engage in higher levels of
philanthropic giving and donate more to local causes; and
   WHEREAS, Family businesses are strong stewards of the environment
by virtue of their long-term perspective and sense of duty to the
past, present, and future of the state; now, therefore, be it
   Resolved by the Assembly of the State of California, the Senate
thereof concurring, That the Legislature declares April  10,
  11,  2013, as Family Business Day in California;
and be it further
   Resolved, That the State of California adopt policies to encourage
the growth and prosperity of family owned businesses within the
state; and be it further
   Resolved, That the Chief Clerk of the Assembly transmit a copy of
this resolution to the author for appropriate distribution.