BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2309
                                                                  Page  1

          Date of Hearing:   May 16, 2012

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                      AB 2309 (Hill) - As Amended:  May 2, 2012 

          Policy Committee:                              Higher 
          EducationVote:9-0
                        Jobs                                  5-0

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:               

           SUMMARY  

          This bill, until January 1, 2016, authorizes the San Mateo 
          County Community College District (SMCCD) to partner with the 
          San Mateo Chamber of Commerce Economic Development and Growth 
          Enterprise (EDGE) to establish the San Mateo Innovation Center 
          Pilot Program for purposes of helping early stage business 
          ventures to find funding or reach operating stability.

          The bill's provisions would be operative upon appropriation by 
          the Legislature or receipt of sufficient private funding.

           FISCAL EFFECT  

          General Fund (Prop 98) cost pressure, likely at least a few 
          hundred thousand dollars annually through 2015, for the pilot 
          program.

           COMMENTS  

           Purpose  . According to the author, this bill represents the 2012 
          Constituent Bill Idea Contest winner.  The bill seeks 
          establishment of a pilot program to foster entrepreneurial 
          development and job growth in Peninsula communities. The bill 
          seeks to address a problem that individuals and small businesses 
          often have taking their company to the next level by helping 
          early stage business ventures with new ideas to either find 
          early stage funding or to reach the point of operating 
          stability.  By bringing the SMCCD and the Economic Development 
          and Growth Enterprise together the goal is to nurture job growth 
          in the Peninsula, since the state's small business development 








                                                                  AB 2309
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          centers are being scaled back through budget cuts.  

           Analysis Prepared by  :    Chuck Nicol / APPR. / (916) 319-2081