BILL ANALYSIS �
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|SENATE RULES COMMITTEE | SCR 24|
|Office of Senate Floor Analyses | |
|1020 N Street, Suite 524 | |
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|327-4478 | |
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THIRD READING
Bill No: SCR 24
Author: Price (D)
Amended: As introduced
Vote: 21
SUBJECT : Small Business Month
SOURCE : Author
DIGEST : This resolution proclaims the month of May 2011
as Small Business Month, to raise awareness of the
contributions made by outstanding entrepreneurs and small
business owners.
ANALYSIS :
Resolution findings:
1. Every year since 1963, the President of the United
States has proclaimed National Small Business Week to
recognize the contributions of small businesses to the
economic well-being of America. National Small Business
Week 2011, as proclaimed by President Barack Obama, is
May 16 through May 20.
2. In 2011, National Small Business Week will honor the
estimated 27.2 million small businesses in America.
Small businesses are major contributors to the strength
of the American economy. More than one-half of
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Americans either own or work for a small business. They
also create 60 to 80 percent of new jobs in the country.
Small businesses drive innovation, create 21st century
jobs and increase United States competitiveness.
3. California is home to the most innovative and
competitive firms in the world, placing us consistently
among the top 10 economies in the world. The great
majority of these businesses consist of 500 employees or
less. Small businesses embody the risk-taking,
entrepreneurial spirit that is the backbone of our
Golden State.
4. In an effort to reaffirm this state's commitment to
small businesses, the California Governor's Office of
Economic Development was created last year with the
mission of facilitating economic growth through the
development and implementation of strategic policies and
partnerships. When we utilize the private sector along
with local and national organizations, we are able to
enhance the human and capital infrastructure of
California thereby increasing our competitive advantage
in the global marketplace.
5. California's small businesses are integral to a sound
economic foundation of this state because small
businesses provide a majority of all private sector jobs
and constantly create new employment opportunities for
Californians.
6. California's small businesses are critical to the
current economic health of this state because small
businesses produce more than one-half of California's
gross domestic product.
7. California's small businesses are a key factor in the
future success of the state's economy because small
businesses are innovative forces in the marketplace and
are among those most likely to take risks to create new
technologies and industries.
8. In these turbulent economic times, it is the small
business owners who will lead the charge back to full
employment output. Approximately 52 percent of our
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private sector labor force is working hard in a small
business to produce for a worldwide market.
9. A 2009 study conducted at California State University at
Sacramento concluded that state contracting with small
businesses in California resulted in more money being
distributed within the state economy than contracting
with larger businesses.
This resolution proclaims the month of May 2011 as Small
Business Month, to raise awareness of the contributions
made by outstanding entrepreneurs and small business
owners.
FISCAL EFFECT : Fiscal Com.: No
CTW:do 4/27/11 Senate Floor Analyses
SUPPORT/OPPOSITION: NONE RECEIVED
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