Bill > AB1477

This bill extends the sunset date of the California Competes Grant Program from January 1, 2030, to January 1, 2031. The California Competes Grant Program, administered by the Governor's Office of Business and Economic Development (GO-Biz), provides grants to businesses that meet specific criteria related to job creation and investment in the state. The bill makes a technical amendment to the existing law by simply changing the repeal date of the program by one year, allowing GO-Biz to continue offering these economic development grants. The extension ensures that the state can continue to support business growth and economic development in California for an additional year beyond the current expiration date. The bill does not make any substantive changes to the program's operations or eligibility requirements, serving primarily as a routine extension of an existing economic incentive program.

Budget and Finance, Business and Industry

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1477