Small Business Legislation Advances from Senate Committee

The “Small Business Information Act,” authored by Assembly Majority Leader Eloise Gómez Reyes, took an important step successfully passing out of the Senate Committee on Business, Professions, and Economic Development, receiving unanimous bipartisan support. The portal would create a place for small business owners to search for opportunities such as technical assistance, grants, tax credits and incentives, and information on regulation compliance. It would also include a simple way for state agencies to find and partner with state-certified small businesses, with an emphasis on ones owned by veterans, women, and minorities. “Thank you to my colleagues on the Senate Committee on Business, Professions and Economic Development, whose votes show they value our small businesses across the state,” said Reyes. “With AB 258, businesses will be better equipped to find resources and navigate state processes, therefore providing them with more growth opportunities. When our small businesses grow, so does our economy.” AB 258 is co-sponsored by the California Hispanic, Asian Pacific, and African-American Chambers of Commerce and will be next heard by the Senate Committee on Governmental Organization.