AB 2711 – Economic Development

Author - Anthony Portantino (D-Pasadena)

CHI Position - Support

Summary - The bill would require the Secretary of Business, Transportation and Housing to complete a study and submit it to the Legislature on the competitiveness of California's businesses in technology and innovation and to prepare a strategy for technology and innovation.  The bill would require the Legislature to hold a hearing on the strategy, and would require the secretary to report annually on the ways in which the Governor's proposed budget relates to the strategy and to periodically update the study and strategy. The bill would require the secretary to develop a state innovation and technology policy based on the study and strategy submitted to the Legislature.

Status - Passed Assembly Jobs, Economic Development, and the Economy Committee on 04/16/08.  Waiting for Hearing in the Assembly Appropriations Committee.