BILL ANALYSIS Ó AB 53 Page 1 Date of Hearing: May 15, 2015 ASSEMBLY COMMITTEE ON APPROPRIATIONS Mike Gatto, Chair AB 53 (John A. Pérez) - As Amended: May 1, 2013 Policy Committee: JEDE Vote:6-3 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill requires the Governor's Office of Business and Economic Development (GO-Biz) to lead the preparation of a biennial California Economic Development Strategic Plan, as specified. In addition, the bill requires the Employment Development Department (EDD) to post a copy of any notice provided by an employer of a mass layoff, relocation or termination. FISCAL EFFECT 1)Significant costs to GO-Biz in the hundreds of thousands of dollars for the development of a statewide economic strategic plan. 2)Minor and absorbable costs to EDD. COMMENTS 1)Purpose . The author states AB 53 requires the development of a statewide economic strategic plan that will provide an economic development roadmap to guide public policy decisions and actions to foster and promote California's economic growth and competitiveness. According to the author, recognizing the need to better assist businesses in California and to attract new and emerging companies to California, the AB 53 strategic plan requirement seeks develop recommended actions that will assist in this effort and draw input from labor unions, local government leaders, academics, Chambers of Commerce and other business organizations and government agencies. The author also points out under another provision of the AB 53 Page 2 bill, GO-Biz will be provided mandatory reporting status, pursuant to the WARN Act, so that it can effectively respond to companies that may be contemplating relocating, closing, or significantly scaling back on their instate business operations. The author notes GO-Biz has the ability to convene strike forces or teams to address key business development situations, including, but not limited to, attracting new businesses, the relocation of large manufacturers or the closure of a large business employer. 2)Office of Business and Economic Development : In April 2010, the Governor's Office of Economic Development was established to serve the needs of businesses and economic developers. While initially established through executive order, the office was later codified and renamed as the Governor's Office of Business and Economic Development (GO-Biz), in AB 29, Chapter 475, Statues of 2010. In 2012, GO-Biz directly assisted 5,308 companies, resulting in the creation and/or retention of 9,050 jobs and $1.45 billion in investments. 3)Prior legislation . a) AB 1233 (V. Manuel Pérez) of 2012, would have required the Director of GO-Biz to prepare a five-year economic and workforce development strategy. This bill was held in the Assembly Appropriations Committee. b) AB 699 (Portantino and V. Manuel Pérez) of 2009, would have updated the requirements for the development of a State Economic Development Strategy. This bill was held in Assembly Appropriations Committee. Analysis Prepared by : Roger Dunstan / APPR. / (916) 319-2081