SACRAMENTO – Assembly Speaker John A. Pérez (D-Los Angeles) today joined Assemblymember Mike Feuer (D-Los Angeles) and Assemblymember V. Manuel Pérez (D-Coachella) to announce a comprehensive, targeted jobs creation package to support small businesses throughout California. This announcement comes after Speaker Pérez convened the Assembly Jobs & Recovery Task Force to focus on job creation and retention—a priority also reflected in legislative Democrats’ California Jobs Budget.
“California’s small businesses are important job creators and comprise 95% of our state’s economy,” Pérez said. “We have made supporting these economic engines a major priority through our budget efforts and smart, targeted legislative initiatives like the ones proposed by the Assembly Jobs and Recovery Task Force. We will be moving quickly, and publicly, in the next few weeks to make these valuable proposals a reality for small businesses in California and boost this crucial sector of our economy.”
Speaker Pérez also noted economists are predicting small businesses that contract with states and localities are likely to face severe cutbacks if more state and local jobs are lost, and thanked the leaders of the Assembly Jobs and Economic Recovery Task Force, Assemblymember Mike Feuer, Majority Policy Leader, and Assemblymember V. Manuel Pérez, Chair of the Assembly’s Committee on Jobs, Economic Development and the Economy, for their leadership in finding ways to save and create jobs and help small businesses keep their doors open.
In addition to Feuer and Pérez, members of the Assembly Jobs and Economic Recovery Task Force include Assemblymembers Jared Huffman (D-San Rafael), Nancy Skinner (D-Berkeley) and Felipe Fuentes (D-Sylmar).
“Small and medium sized businesses, as our primary job creators, are poised to lead us out of this recession,” said V.M. Pérez, who chairs of the policy committee responsible for small business issues. “We must focus our efforts on empowering them to grow and prosper. Among the issues we’ve been looking at in hearings and through the work of the Jobs and Recovery Task Force is facilitating access to lines of credit and loans, as well as the accompanying technical assistance.”
“Small businesses are the backbone of our economy and need to be the focus of our recovery,” Feuer said. “Over the next few weeks, we must work with great purpose to help facilitate the success of small businesses during these challenging times. Ensuring that small businesses have greater access to capital is a critical component of moving our economy forward and is rightly a priority for us in the weeks ahead.”
The Assembly Jobs and Recovery Task Force has worked to ensure the California Jobs Budget includes $300 million for targeted private sector job creation, including funding for small business to use in leveraging hundreds of millions of dollars in potential new financing through the:
- Small Business Loan Guarantee Program
- California Capital Access Program
- Federal Small Business Administration’s Microlending Program
- Small Business Development Center Program
- Procurement Technical Assistance Technology Program
The Assembly Jobs and Recovery Task Force has worked to help support small businesses in California by developing legislation to:
- Cut Red Tape by Streamlining State Licensing and Permitting
- Expand the State's Economic and Workforce Development Programs
- Integrate Education and Workforce Training Services
- Focus on Ways to Develop the Green Economy
CONTACT: Shannon Murphy (916) 319-2408
Website of Assembly Speaker John A. Pérez: www.asmdc.org/speaker