Helping underserved communities
SACRAMENTO –AB 1399, jointly authored by Assemblymember Jose Medina (D-Riverside) and Assemblymember V. Manuel Pérez (D-Coachella), establishes a state New Markets Tax Credit (NMTC) Program for the purpose of stimulating economic development and private investment in low-income, underserved communities in California.
“Inequality has dramatically increased in the past several decades in California,” said Medina, Chair of the Assembly Committee on Jobs, Economic Development, and the Economy. “This economic disparity has social and economic consequences in the state and directly challenges the state's global competitiveness and long-term success. The California New Markets Tax Credit addresses this challenge using a proven community development model.”
SACRAMENTO –Assemblymember Jose Medina’s (D-Riverside) legislation focused on regulatory reform is heading to Governor Edmund G. Brown, Jr for signature.
“California must continue to prioritize job creation,” said Medina, Chair of the Assembly Committee on Jobs, Economic Development, and the Economy. “These bills promote businesses and employment opportunities, which in turn continues to build the way toward a strong economy.”
AB 2022 is a measure aimed at stimulating economic growth and employment opportunities in distressed areas throughout California.
AB 2723 addresses small business regulatory reform by taking into account the costs of major regulations on the state’s smallest businesses.
Both bills passed through the general Assembly and are now headed to the Governor.
CONTACT: Ava Sanchez (916) 319-2061
SACRAMENTO –Legislation by Assemblymember Jose Medina (D-Riverside), promoting small and family owned businesses, is heading to Governor Edmund G. Brown, Jr.
“Small businesses are the backbone of our state’s economy,” said Medina, Chair of the Assembly Committee on Jobs, Economic Development, and the Economy. “By identifying family owned businesses, we can begin to promote their distinct qualities and strengths.”
International Trade Changes Forever
Assemblymember Jose Medina at the reception commemorating the Panama Canal
SACRAMENTO –Assemblymember Jose Medina (D-Riverside), Chair of the Assembly Jobs, Economic Development, and the Economy Committee hosted a reception to commemorate the 100th anniversary of the completion of the Panama Canal.
“Having attended high school in the Panama Canal Zone, I am honored to commemorate the centennial of the Panama Canal,” said Assemblymember Jose Medina. “I recognize the integral economic impact and beneficial trade relationship that exists between California and Panama.”
The completion of the Panama Canal spurred international trade and innovation. With the foresight of this project, there has been an increase in international trade, strengthened global goods movement network, and a rise in new investments by foreign businesses and entrepreneurs to California’s economy.
Assemblymember Medina authored House Resolution 44, which acknowledges the benefits of this project and the trade relationships between California and Panama. Last month, Medina presented House Resolution 44 to the National Assembly of Panama as well as the Ministry of Foreign Affairs of Panama, during a Central American delegation of state lawmakers.
Highlights the economic and trade related contributions
SACRAMENTO—Assemblymember Jose Medina (D-Riverside) released the following statement today regarding the introduction of Assembly House Resolution 44, a resolution which commemorates the 100th anniversary of the completion of the Panama Canal:
“I am honored to present H.R. 44 to the whole Assembly today and recognize the vast accomplishments made 100 years after the completion of the Panama Canal” said Assemblymember Medina, Chair of the Jobs, Economic Development, and the Economy Committee. “As a high school student in the Panama Canal Zone, I saw firsthand the ships move goods through the Canal. I am grateful to be able to introduce this resolution which celebrates the unique and beneficial relationship between the United States and Panama.”
Assemblymember Medina proudly represents California’s 61st Assembly District, which consists of Riverside, Moreno Valley, and Perris.
Website of Assemblymember Jose Medina: http://asmdc.org/Medina
(L to R) of the owner of Star Milling Company, Paul Cramer, Assemblymember Jose Medina, and his father Bill Cramer.
SACRAMENTO –Assemblymember Jose Medina (D-Riverside) honored Star Milling Company of Perris with the 2014 Small Business of the Year award for the 61st Assembly District. Star Milling Company manufactures nutritious, high-quality animal feed that is sold in stores throughout the western United States.
“As Chair of the Assembly Jobs, Economic Development, and the Economy Committee, I am honored to recognize family owned and operated Star Milling Company,” Medina said. “Serving the region for over 40 years, Star Milling Company continues to have a personal commitment to quality and good manufacturing practices.”
SACRAMENTO—Assemblymember Jose Medina (D-Riverside) released the following statement today regarding Governor Brown’s May Revision:
"Today's May Revision to the budget builds on the Assembly Democrats Blueprint put forth earlier this year,” said Assemblymember Medina, Chair of the Jobs, Economic Development, and the Economy Committee. “I am pleased with the Governor’s commitment to establishing a Rainy Day Fund to help ensure California’s economic stability. Our state’s economic outlook improves when we help stabilize our fiscal house. However, I believe In-Home Supportive Services proposed cuts should be reconsidered, as it has sustained many in recent years. I will be looking into these and other issues in more detail and look forward to working with my colleagues to deliver an on-time, fair, and balanced budget."
SACRAMENTO–Assemblymember Jose Medina (D-Riverside) released the following statement after Governor Edmund G. Brown announced new designated pilot hire areas in the 61 Assembly District:
“The new hire pilot areas will help improve job creation efforts in communities which have been hard hit by the economic downturn,” said Medina, Chair of the Assembly Jobs, Economic Development, and the Economy Committee. “I stand ready to help in providing outreach about this important economic development program and am committed to raising awareness of these opportunities in my community.”
Ensures the Elderly Receive Reverse Mortgage Safeguards
RIVERSIDE –Assemblymember Jose Medina (D-Riverside) joined the Fair Housing Council for a conference to raise awareness about the critical need for fair housing and a clear understanding of reverse mortgages. Medina authored AB 1700, which protects prospective reverse mortgage borrowers by assuring all clients have consulted with a HUD-approved reverse mortgage counselor, have discussed the items of the loan, and items of the reverse mortgage worksheet guide at least seven days prior to finalizing the loan.
“We must ensure individuals have all the information they need before deciding to move forward with a reverse mortgage,” said Medina, Chair of the Assembly Committee on Jobs, Economic Development, and the Economy. “Reverse mortgages are often targeted at seniors and it is crucial for them to have sufficient time to make this important decision.”
SACRAMENTO –Assemblymember Jose Medina (D-Riverside), Chair of the Assembly Jobs, Economic Development, and the Economy Committee, led a Jobs hearing today focused on economic development, workforce development, and small businesses. During the hearing, business organizations, including the National Federation of Independent Business, the Small Business Development Centers, and the California Asian Chamber of Commerce, among others, came out in support of Medina’s bills focused on small businesses and improving the economy in California.
“Small businesses are drivers of the state’s economy and must be supported in order to ensure continued economic prosperity for California,” said Medina, Chair of the Assembly Committee on Jobs, Economic Development, and the Economy.