- District 13
Existing law establishes the Office of Small Business Advocate (CalOSBA) within the Governor's Office of Business and Economic Development, also known as GO-Biz, to advocate for causes of small business and to provide small businesses with the information they need to survive in the marketplace. This bill would, upon appropriation by the Legislature, establish the California Employee Ownership Act within the Office of Small Business Advocate, administered by an Employee Ownership Program Manager, to assist small businesses in transitioning to employee ownership. The bill would establish, upon appropriation by the Legislature, an Employee Ownership Education and Outreach Grant Program, administered by the manager, for the purpose of funding education and outreach programs that increase awareness and understanding of employee ownership transitions, as defined. grants would be awarded to no more than 5 qualified nonprofit organizations, as described, for purposes of performing qualified education and outreach services, as specified. The bill would require exactly one grant to be awarded to a qualified nonprofit organization for the purpose of developing a statewide coordinated marketing campaign related to transitions of businesses to employee ownership models. The bill would also establish, upon appropriation by the Legislature, an Employee Ownership Conversion Technical Assistance Grant Program, administered by the manager, to partially subsidize conversion costs for qualified businesses transitioning to broad-based employee ownership vehicles, as defined. The bill would direct the manager to preapprove grants and distribute grant funds to qualified service providers, as defined, upon receipt of invoices for qualified conversion costs. The bill would allow grants to cover the lesser of 50% of the cost of qualified conversion services, as defined, or $50,000. The bill would authorize employee-owned companies to participate in California capital programs under specified conditions.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on J.,E.D., & E.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0.) Ordered to the Assembly.
Ordered to special consent calendar.
From committee: Do pass. (Ayes 7. Noes 0.) (May 19).
Read second time. Ordered to third reading.
Set for hearing May 19.
May 2 hearing: Placed on APPR suspense file.
Set for hearing May 2.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 3412.) (April 18). Re-referred to Com. on APPR.
Set for hearing April 18.
Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
|Bill Text Versions||Format|
|02/18/22 - Introduced|
|03/16/22 - Amended Senate|
|06/14/22 - Amended Assembly|
|04/14/22- Senate Business, Professions and Economic Development|
|04/29/22- Senate Appropriations|
|05/21/22- Sen. Floor Analyses|
|06/19/22- Assembly Jobs, Economic Development, and the Economy|
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