BILL ANALYSIS Ó
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|Hearing Date:June 24, 2013 |Bill No:AB |
| |250 |
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SENATE COMMITTEE ON BUSINESS, PROFESSIONS
AND ECONOMIC DEVELOPMENT
Senator Ted W. Lieu, Chair
Bill No: AB 250Author:Holden
As Amended:May 24, 2013 Fiscal: Yes
SUBJECT: California Innovation Initiatives.
SUMMARY: Codifies and expands the California Innovation Hub (iHub)
Program at
GO-Biz for the purpose of stimulating economic development and job
creation through the coordination of federal, state and local
innovation-supporting resources.
Existing law:
1)Establishes GO-Biz within the Governor's Office for the purpose of
serving as the lead state entity for economic strategy and marketing
of California on issues relating to business development, private
sector investment and economic growth. GO-Biz also serves as the
administrative oversight for the California Business Investment
Service and the Office of the Small Business Advocate. (Government
Code (GC) §§ 12096 - 12098.5)
2)Authorizes GO-Biz as the lead entity for economic strategy and the
marketing of California on issues relating to business development,
private sector investment and economic growth. Authorizes GO-Biz, in
this capacity, to coordinate the development of policies and
criteria to ensure that federal grants administered or directly
expended by state government advance statewide economic goals and
objectives. Authorizes GO-Biz to market the business and investment
opportunities available in California by working in partnership with
local, regional, federal, and other state public and private
institutions to encourage business development and investment in the
state. Authorizes GO-Biz to support small businesses by providing
information about accessing capital, complying with regulations, and
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supporting state initiatives that support small business. (GC §
12096.3)
3)Establishes the California Economic Development Fund in the State
Treasury for the purpose of receiving federal, state, local, and
private economic development funds, and receiving repayment of loans
or grant proceeds and interest on those loans or grants. Provides
that upon appropriation by the Legislature, moneys in the fund may
be expended by GO-Biz to provide matching funds for loans or grants
to public agencies, nonprofit organizations, and private entities,
and for other economic development purposes, consistent with the
purposes for which the moneys were received. (GC § 13997.6)
This bill:
1) States findings and declarations that:
a) Job creation through rapid technology commercialization is a
vital part of the state's economic well-being, as identified in a
January 2012 symposium held by the Brookings Institute.
b) Innovation and tech-driven entrepreneurial activity coupled
with venture investment creates small business startups and
expansions at an accelerated rate, which leads to significant
employment opportunities that contribute to the state's financial
health and economic competitiveness.
c) In order to maintain a healthy state economy and to aid
communities, entrepreneurship and technology-based small
businesses must be stimulated and supported.
d) iHubs are operated in California through a cooperative
agreement between GO-Biz and
12 geographically distinct regions, all of which are partnered with
public universities, community college districts, local
governments, research institutions, industry, angel and venture
capital networks, and traditional financial institutions. The
iHubs are California's premier resource for facilitating the
success of entrepreneurial and small technology startups that can
grow California's economy by assisting business owners in
creating and retaining jobs, increasing sales and profits,
securing business financing, and creating a successful new
business climate in the state.
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e) The iHubs' economic impact in fostering entrepreneurial
business activity leads to job creation and innovation in the
economy by establishing a formal partnership between the office
and the iHub program.
f) It is necessary to establish a fund that would enable the
office to obtain funding from private sources, for appropriation
to state designated iHubs, iHub partner organizations, and within
state iHub-designated regions for the purpose of establishing,
promoting, and enhancing California's innovation and
entrepreneurship ecosystem.
2)Creates the iHub Program within GO-Biz. Requires GO-Biz to
designate iHubs within the state to stimulate partnerships, economic
development, and job creation by leveraging assets to provide an
innovation platform for startup businesses, economic development
organizations, business groups, and venture capitalists. Provides
that the assets may include, but are not limited to, research parks,
technology incubators, universities, and federal laboratories.
Requires GO-Biz to oversee, coordinate, and provide assistance to
each iHub.
3)Defines the following:
a) "Applicant" as one or more entities that submit an application
to GO-Biz. States that eligible applicants must either be a
fully accredited institution of higher education or a private
nonprofit corporation engaged in economic development activities
or a county or municipality in this state that has a preexisting
economic development department or program or both or a public
economic development institution such as a workforce investment
board or an economic development corporation.
b) "Innovation Hub" or "iHub" as a network of interrelated firms,
local governments, economic development organizations,
educational entities, and industries that collectively drive
economic growth within a defined geographic area.
c) "iHub coordinator" as the individual or entity agreed to by
the partnership that is responsible for implementing the
objectives of the iHub, serving as the primary agent responsible
for coordinating services and resources and maintaining the
partnership and serving as the primary liaison to the state and
the office.
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1)Requires GO-Biz to issue a request for proposals for the iHub
Program. Requires an applicant's proposal to include, but not be
limited to the following, and states that GO-Biz may also waive any
of the following:
a) A statement of purpose.
b) A signed statement of cooperation and a description of the
roles and relationships of each entity involved in the
partnership.
c) A designated iHub coordinator.
d) A clear explanation and map conveying the iHub's physical
boundary.
e) A clearly stated designee to coordinate iHub activities.
f) A clearly identified central location, clearly identified
benchmarks or milestones with approximate dates as to when they
will be achieved.
g) A complete budget including a description of secured funds
with proof, pending funds, and potential future funding sources,
a list and brief description of local and regional incentives and
support programs.
h) A clearly articulated commercial market focus and plan, a
clearly articulated iHub management structure and plan that may
include a description of the capabilities, qualifications and
experience of the proposed management team, team leaders, or key
personnel who are critical to achieving the proposed objectives.
i) A list of iHub assets and resources.
j) A clearly articulated focus area of the iHub including
industry sectors or other targeted areas for development and
growth.
aa) A list of specific resources available to support and guide
startup companies.
bb) A clearly articulated list of goals to be achieved with the
certification of the iHub.
cc) Expectations for job development and business creation.
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dd) Defined performance standards agreed upon by the partners
involved in the development of the iHub.
ee) Evaluation procedures that will be used to measure the level
of achievement for each stated goal.
ff) A plan for sustainability.
gg) Organizational experience including capabilities, related
experience, facilities, techniques, unusual resources, or unique
combinations of these that are integral factors for achieving the
proposed objectives.
hh) Demonstrated experience with innovation programs such as
involvement with technology commercialization.
ii) Demonstrated experience with technology transfer or licensing.
jj) Demonstrated experience with intellectual property management.
aaa) Evidence of community engagement and support.
5)Authorizes GO-Biz to designate an iHub for a term of not more than
five years and authorizes an iHub to reapply for a designation
without limitation on the number of times. Allows for more than one
iHub to be designated in an area, to the extent that there is a
clear distinction between the focus area of each iHub. Requires
GO-Biz to set guidelines for approval, designation, operation,
reporting, and redesignation of iHubs.
6)Provides that the iHub designation shall not be official until a
memorandum of understanding (MOU) is entered into by the applicant
and GO-Biz. Requires the MOU to include the goals and performance
standards identified in the application and other related
requirements as determined by the office. For an iHub designated by
GO-Biz before January 1, 2014, authorizes the iHub partnership to
have until September 1, 2014 to enter into a MOU with
GO-Biz.
7)Requires an annual report from an iHub to GO-Biz on its progress in
meeting the goals and performance standards as described in the
application and MOU it has with GO-Biz. Requires GO-Biz to post the
information from these reports on the GO-Biz Web site and provide
notice to the Governor and relevant policy committees of the
Legislature that the information is available on the Web site.
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8)Provides that a designated iHub must include at least one major
university or research center or institute, one economic development
organization, and consist of at least four of the following:
a) A business support organization including a workforce
development or training organization, incubator or business
accelerator, business technical assistance providers, chamber of
commerce, and networking organization that supports innovation.
b) An educational consortium including technology transfer
representatives.
c) A venture capital network including angel investors.
d) A business foundation, innovation foundation, science
foundation, laboratory research institution, federal laboratory,
or research and development facility.
e) A municipal economic development division or department.
f) A federal government partner such as a national laboratory.
9)Requires an iHub applicant, before receiving official designation
from GO-Biz, to self-certify that the iHub will comply with the
state's nondiscrimination policy and that the iHub and its
principals are current in payment of all state and local taxes owed,
unless they have entered into an agreement that was deemed
satisfactory by the respective taxing authority and are in full
compliance with the agreement.
10)Authorizes an iHub to:
a) Provide counseling and technical assistance, either by direct
or indirect services, in the areas of entrepreneurial business
planning and management, financing, and marketing for small
businesses.
b) Provide expert advice to entrepreneurs on starting a business,
including legal requirements for starting a business and access
to financing opportunities.
c) Conduct business workshops, seminars, and conferences with
local partners including, but not limited to, state universities,
state community colleges, local governments, state and federal
service providers, private industry, workforce investment boards
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and agencies, small business development centers, microenterprise
development organizations, small business service agencies,
economic development organizations, and chambers of commerce.
d) Facilitate partnerships between innovative startup businesses,
research institutions, and venture capitalists or financial
institutions.
11)Requires the iHubs, to the extent feasible, to:
a) Work in close collaboration with the activities of the office
as its primary statewide partner.
b) Coordinate activities with the Employment Training Panel, the
California Workforce Investment Board, the Office of the
Chancellor of the California Community Colleges, the University
of California, the California State University, and other state
economic and workforce development programs.
12)Establishes The Innovation Accelerator Account within the
California Economic Development Fund in the State Treasury. Provides
that subject to the approval of the Department of Finance, all
moneys collected and received by GO-Biz for California Innovation
Initiatives from gifts, bequests, or donations shall be deposited in
the iHub Accelerator Fund. Continuously appropriates these funds.
FISCAL EFFECT: This bill is keyed "fiscal" by Legislative Counsel.
According to the Assembly Committee on Appropriations analysis dated
May 1, 2013, this bill will result in administrative costs to GO-Biz
of approximately $100,000. The analysis states that a significant
amount of the work as outlined in this bill is already being done by
the office. The Assembly Committee on Appropriations also noted that
millions to tens of millions of dollars in General Fund costs were a
possible result of this bill due to the use of unused or underused
state-owned or leased property. The analysis stated that in 2011-12,
DGS sold approximately $42 million of property and has averaged about
$30 million annually over the last 20 years. The analysis further
stated that "It is unclear exactly how many of the relatively small
number of parcels sold each year would be used for the purposes of
this program."
COMMENTS:
1. Purpose. The Author is the Sponsor of this measure. According to
the Author, "Job creation through rapid technology
commercialization is a vital part of the state's economic
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well-being, as identified in a January 2012 symposium held by the
Brookings Institute." The Author states that AB 250 "will serve as
a catalyst to creating a network of intellectual and business
development assets that can facilitate technology commercialization
by establishing the Innovation Hub program into law and authorizing
access to private sector capital for its operations."
According to the Author, iHubs are built around the triple helix
model of economic development; specifically, each iHub is operated
by local consortiums comprised of government entities, community
colleges and universities, and industry. With the addition of
venture capital networks, the inputs necessary for the development
of an innovation ecosystem are present.
The Author provides the example of Orange County's iHub, known as
OCtane, which has stimulated regional business through programs
like LaunchPad, which accelerates entrepreneurs and start-ups
through a comprehensive program that quickly identifies and
connects innovators and capital. LaunchPad provides critical,
individualized, and value-added support to early stage biomedical,
technology and cleantech companies. Its business support prepares
young companies for capital introductions, and has relationships
with local, regional, and national venture capitalists and
investors. As a result, 23 companies have received more than $70
million in capital. Over 500 companies have inquired into
LaunchPad. These start-up companies have created more than 400
jobs in Orange County.
2. Background. Among other programs, GO-Biz administers the
Innovation Hub (iHub) program in partnership with the statewide
network of Small Business Development Centers (SBDCs). SBDCs serve
over 50,000 small business owners and entrepreneurs each year
through services include consulting, mentoring and training related
to business management and planning, financing business growth and
accessing capital, international trade, government procurement and
technology commercialization.
According to GO-Biz, in the spring of 2010, the state launched its
new, forward-thinking iHub
program in an effort to harness and enhance California's Innovative
spirit. The iHubs improve the state's national and global
competitiveness by stimulating partnerships, economic development,
and job creation around specific research clusters through
state-designated iHubs. The iHubs leverage assets such as research
parks, technology incubators, universities, and federal
laboratories to provide an innovation platform for startup
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companies, economic development organizations, business groups, and
venture capitalists.
There are currently 12 regional iHubs located throughout the state.
i-GATE iHub in Livermore
Sacramento iHub/Sacramento Regional Technology Alliance
in Sacramento
San Diego iHub/CONNECT in La Jolla
OCTANE iHub in Orange County
East Bay Green Corridor iHub in the East Bay
Clean Tech LA iHub in Los Angeles
SJ/SV Emerging Technology iHub in San Jose and Silicon
Valley
North Bay iHub in Santa Rosa
Greater Mission Bay iHub in San Francisco
North State iHub in Chico
Coachella Valley iHub in Palm Springs
CalValleyTech iHub in the Central San Joaquin Valley
1. Governor's Office of Business and Economic Development (GO-Biz).
In February 2010, the Little Hoover Commission undertook a review
of the state's economic and workforce development programs. In its
final report, Making up for Lost Ground: Creating a Governor's
Office of Economic Development, it analyzed the status and
effectiveness of current programs since the 2003 demise of the
Technology, Trade and Commerce Agency and recommended the creation
of a new governmental entity to fill the void left by the
dismantled agency.
The report called for a single entity that would promote greater
economic development, foster job creation, serve as a policy
advisor and deliver specific services (i.e., permitting, tax,
regulatory, and other information) directly to the California
business community. In April 2010, Governor Schwarzenegger issued
Executive Order S-05-10 as a means to operationalize the report
recommendations including the creation of the Governor's Office of
Economic Development (GOED).
In October 2011, the Governor signed AB 29 (cited and described
below), which effectively codified GOED and changed its name to
GO-Biz, effective January 1, 2012. Since its inception, the office
has served over 3,000 businesses, 95% of which are small. The most
frequent types of assistance include help with permit streamlining,
starting a businesses, relocation and expansion of businesses, and
regulatory challenges.
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One key initiative of GO-Biz is the "strike teams" which can be
mobilized to help attract and/or retain specific businesses.
Strike teams are especially well suited to engage with major
employers and have been successfully activated to assist Bayer
Healthcare, Jazz Semiconductor, and Baxter Pharmaceutical to locate
and/or expand in California.
In March 2012, the Governor initiated a reorganization process to
realign the state's administrative structure. Key changes include
dismantling of the Business, Transportation and Housing Agency
(BTH) and the shifting of a number of key programs and services to
GO-Biz including the Small Business Loan Guarantee Program, the
California Travel and Tourism Commission, the California Film
Commission, the Film California First Program and the
Infrastructure and Economic Development Bank (I-Bank). In
addition, the Governor called for the placement of the California
SBDC Program within GO-Biz.
2. Related Legislation This Session. SB 9 (Price) establishes the
Office of Social Innovation within GO-Biz to establish partnerships
with government agencies, private investors, nonprofit
organizations, and for-profit service providers to facilitate the
use of social impact bonds (SIBs), as defined, to address social
services needs.to explore the use of social innovative financing in
the State of California. ( Status: This bill is pending in the
Senate Committee on Governance and Finance.)
SB 431 (Price) establishes the California Socioeconomic Development
Pods Program within the Governor's Office of Business and Economic
Development (GO-Biz) to encourage the use of social innovative
financing, as defined, within blighted areas in the state. The bill
would also create the Pod Accelerator Fund, a continuously
appropriated fund, within the State Treasury, to receive moneys
collected and received by the Governor's Office of Business and
Economic Development for the California Socioeconomic Development
Pod Program from gifts, bequests, or donations. ( Status: This
bill is pending in the Senate Committee on Governance and Finance.)
AB 53 (John A. Pérez) requires GO-Biz to lead the preparation of
the California Economic Development Strategic Plan, as specified.
Requires a copy of the Worker Adjustment and Retraining
Notification Act (WARN) notice be provided to GO-Biz and that it be
posted on the Employment Development Department (EDD) Web site.
( Status: This bill is scheduled for a hearing before this
Committee on July 1, 2013.)
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AB 393 (Cooley) requires the Director of GO-Biz to ensure that the
office's Internet Web site contains information on the fee
requirements and fee schedules of state agencies.
( Status: This bill is scheduled for a hearing before this
Committee on June 24, 2013.)
AB 495 (Campos) establishes the California Community Investment
Initiative within GO-Biz tasked with creating an inventory of
low-income neighborhoods, state and local programs, and sources of
public-sector finance, coordinate public-sector financial
investment and public programs to assist low-income communities to
become business, development, and investment ready, develop
criteria for determining the type of economically, socially, and
environmentally responsible businesses and real estate developments
to assist in starting-up, locating, and growing in low-income
neighborhoods, establish a broad array of incentives to encourage
responsible businesses and real estate developments to grow in low
income neighborhoods and to encourage investment in low income
neighborhoods. ( Status: This bill is pending in the Assembly
Committee on Banking and Finance.)
AB 653 (V. Manuel Perez) establishes the California Innovation and
Jobs Act, which increases the maximum value of the research and
development (R&D) credit, eliminates state sales tax on
manufacturing equipment, authorizes a new tax credit for private
investments in postsecondary institutions, and codifies the
California Innovation Hub (iHub) Program. ( Status: This bill is
pending in the Assembly Committee on Revenue and Taxation.)
AB 837 (Campos) requires annual reporting to the Governor's Office
of Business and Economic Development (GO-Biz) by the California
Small Business Development Center Leadership Council on its
activities in any year that the state contributes funds to the
program and also specifies the contents of the report. ( Status:
This bill passed out of this Committee on June 17, 2013 with a 10-0
vote and was re-referred to Senate Appropriations Committee.)
AB 1098 (Quirk-Silva) requires OSBA to commission a study regarding
the costs of state regulations on small businesses, as specified.
The study is required to be completed by January 1, 2015, and
updated every five years. ( Status: This bill is scheduled for a
hearing before this Committee on June 24, 2013.)
AB 1247 (Medina) transfers the administration of the small business
financial development corporation (FDC) managed programs from the
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BTH to the California Infrastructure and Economic Development Bank
(I-Bank) within GO-Biz and clarifies a number of administrative and
programmatic elements to improve program delivery. ( Status: This
bill is pending in the Senate Governmental Organization Committee.)
3. Prior Related Legislation. SB 1327 (Canella, Chapter 763, Statutes
of 2012) required
GO-Biz to use its Web site to assist individuals with licensing,
permitting, and registration requirements necessary to start a
business.
AB 32 (Lara) of 2012 would have required OSBA to establish a
program that supports entrepreneurship as a form of economic
development and job creation in communities throughout this state.
( Status: The bill was never heard in its first policy committee.)
AB 744 (John A. Pérez, Chapter 463, Statutes of 2012) required the
Department of General Services (DGS) to assist state agencies in
the management and development of intellectual property that was
developed by state employees or with state funding. Among other
duties, the department is required to develop a database of
state-owned intellectual property starting January 1, 2015.
AB 1646 (Campos) of 2012 would have established the California
Demonstration of Emerging Market Opportunities Program (CalDEMO
Program) within GO-Biz for the purpose of facilitating agreements
with for-profit and non-profit organizations to use state
facilities and other resources to test and deploy at scale
innovative products, services and processes. ( Status: This bill
was held in the Senate Committee on Appropriations.)
AB 2506 (V. Manuel Pérez) of 2012 would have increased the state
R&D credit from 15% to 40%, eliminated sales tax on manufacturing
equipment, authorized a new tax credit for private investments in
postsecondary institutions, required state agencies to submit
regulatory actions to the Legislature 60 days prior to submitting
those actions to the Office of the Administrative Law, and
authorized the creation of regional innovation boards.
( Status: This bill was held in the Assembly Committee on Business,
Professions, and Consumer Protection.)
AB 29 (John A. Pérez, Chapter 475, Statutes of 2011) established
GO-Biz within the Governor's Office for the purpose of serving as
the lead entity for economic strategy and marketing of California
on issues relating to business development, private sector
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investment and economic growth.
AB 894 (V. Manuel Pérez) of 2011 would have established a loan and
loan guarantee program to enable the state to draw down federal
dollars to support the retooling and expansion of manufacturing in
California. ( Status: This measure was vetoed by the Governor. In
his veto message, the Governor stated that the objectives of the
bill are excellent but the loan programs it creates can be run by
the state's Infrastructure Bank, which already has authority and
experience lending directly to businesses.)
AB 1233 (V. Manuel Perez) of 2011 aimed to modernize California's
economic development activities and promotes the state's
competitiveness by requiring an integrated economic and workforce
development strategy consistent with the needs of all Californians.
( Status: This bill was held in the Assembly Committee on
Appropriations.)
SB 1259 (DeSaulnier) of 2010, would have created the Economic
Development and Job Creation Agency and require the appointed
Secretary of the Agency to develop a reorganization plan, propose a
structure for the agency, and perform specified duties relating to
economic development and job creation. ( Status: This bill was
held in the Senate Committee on Appropriations.)
AB 1632 (Blumenfield, Chapter 731, Statutes of 2010) included
transfers of $32.4 million from the General Fund to support
small-business and jobs programs.
AB 2287 (Bass) of 2010, would have established the Office of
Economic Development, which included the California Business
Investment Services Program, within the then-Governor's Economic
Development Office. ( Status: This bill was held in the Assembly
Committee on Jobs, Economic Development and the Economy.)
AB 2734 (John A. Perez) of 2010 would have created the Office of
Economic Development, which included the California Business
Investment Services Program, within the Governor's Office.
Required the Office to serve the Governor as the lead entity for
economic strategy and marketing of California and make
recommendations to the Governor and Legislature regarding polices,
programs, and actions to advance statewide economic goals.
( Status : This measure was vetoed by the Governor in 2010. In his
veto message, the Governor indicated that he was "disappointed at
the insistence of the State Senate to make the director of this
office subject to confirmation, which inappropriately infringes on
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the rights and powers of my office.")
AB 699 (Portantino and V. Manuel Pérez) of 2009 would have updated
the requirements for the development of a State Economic
Development Strategy, especially in the areas of technology and
innovation, and required it be submitted to the Legislature by May
1, 2010. ( Status: This bill was held in the Assembly Committee on
Appropriations.)
AB 1558 (V. Manuel Perez) of 2009 would have reorganized the
state's economic development efforts by eliminating the duties of
the Secretary of Business, Transportation and Housing and transfer
modified duties to a Director and Executive Director of a renamed
Economic and Employment Development Department, which would succeed
to some of the duties of the existing Employment Development
Department. The bill was held by the Senate Committee on
Appropriations.
AB 1565 (Buchanan) of 2009 would have authorized, until January 1,
2016, the Department of Housing and Community Development (HCD) to
designate, based on specific factors, a Research and Development
Tax Credit Area located within an iHub or a city. ( Status: This
bill was held in the Senate Committee on Revenue and Taxation in
2010.)
AB 699 (Portantino and V. Manuel Pérez) of 2009 would have updated
the requirements for the development of a State Economic
Development Strategy, especially in the areas of technology and
innovation, and would have required it be submitted to the
Legislature by May 1, 2010. ( Status: This bill was held in the
Assembly Committee on Appropriations.)
AB 2711 (Portantino) would have required the Secretary of the
Business, Transportation and Housing Agency to develop a
comprehensive state technology and innovation strategy to guide
future state expenditures and activities. ( Status: This bill was
held in the Assembly Committee on Appropriations.)
AB 2854 (Mendoza) of 2008 would have required, contingent upon
funding becoming available, the establishment of a one-stop web
site for small business-related announcements and funding
opportunities offered by state agencies. ( Status : This measure
was vetoed by the Governor in 2008. In his veto message, the
Governor indicated that the requirements in the bill were redundant
and unnecessary.)
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SB 1436 (Figueroa, Chapter 234, Statutes of 2006) enhanced the
state's technical assistance to small businesses by improving the
state's Internet information for small businesses and required the
designation of agency-level small business liaisons.
6.Arguments in Support. Supporters of this bill like the Los Angeles
Economic Development Corporation call this bill a boost to a
low-cost program that is essential to spurring innovation, prompting
collaboration and improving the state's overall economic
competitiveness.
According to the California Healthcare Institute , this bill provides
an excellent model to bring the forces of innovation, competition
and education together and help ensure that California remains the
preeminent location for innovation in the biomedical field.
The San Gabriel Valley Economic Partnership writes in support of
this bill, stating that by leveraging local research parks,
technology incubators, colleges and universities and federal
laboratories, the iHub program has successfully fostered greater
collaboration between innovators and venture capital investment
opportunities within the state.
7.Suggested Technical Amendment. The bill requires GO-Biz to set
guidelines for approval, designation, operation, reporting and
"dedesignation" of iHubs. Staff believes that this is a
typographical error, intended to refer to "redesignation", the
process whereby GO-Biz could designate an iHub again.
On page 6, line 7, strike "dedesignation" and replace with
"redesignation".
(g) The office shall set guidelines for approval, designation,
Operation, reporting and dedesignation redesignation of iHubs.
SUPPORT AND OPPOSITION:
Support:
BIOCOM
California Healthcare Institute
Clean Tech San Diego
CONNECT
Los Angeles County Economic Development Corporation
San Diego Regional Economic Corporation
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San Gabriel Valley Economic Partnership
Opposition:
None on file as of June 18, 2013.
Consultant:Sarah Mason