Bill > AB940

This bill requires the Governor's Office of Business and Economic Development (GO-Biz) to develop comprehensive industry strategies for strategic sectors identified in the California Jobs First State Economic Blueprint. Specifically, the bill mandates that these strategies must provide an in-depth analysis of each industry, including its current state, critical importance to California, and specific strategies for increasing jobs and capital investments. Each industry strategy must include an overview, key risk identification, potential projects and public-private partnership opportunities, policy and regulatory analysis, expected outcomes, and a dedicated website section. The bill places particular emphasis on quantum technology, requiring GO-Biz to prioritize and develop a detailed industry strategy for this subsector, with a requirement to submit the completed strategy to the Legislature by July 1, 2026. The underlying motivation is to leverage California's technological and scientific assets, ensure economic competitiveness, and create a structured approach to supporting strategic economic sectors, with quantum technology seen as a particularly promising area with potential to revolutionize industries and generate significant economic value in areas like healthcare, climate change, energy, and security.

Budget and Finance, Business and Industry, Government Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB940