Economic development: industry strategies.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the Governor’s Office of Business and Economic Development (GO-Biz) to create detailed industry strategies for key sectors identified in the California Jobs First State Economic Blueprint. These strategies will outline specific activities and investments needed to foster growth in sectors like high-tech and, crucially, quantum technology. GO-Biz is required to prioritize the quantum technology strategy and submit it to the Legislature by July 1, 2026, incorporating input from relevant regions.
Key provisions
- Requires GO-Biz to develop industry strategies for sectors outlined in the California Jobs First State Economic Blueprint.
- Each industry strategy must include an industry overview, key dependencies and risks, and potential public-private partnerships.
- A specific strategy is mandated for the quantum technology subsector.
- GO-Biz must prioritize the quantum technology strategy.
- The completed quantum technology strategy must be submitted to the Legislature by July 1, 2026.
- Strategies should leverage California’s assets and workforce.
- Strategies must analyze relevant state policies and regulations.
- GO-Biz will maintain a dedicated section on the state website with industry-specific information.
Who is affected
- Governor’s Office of Business and Economic Development (GO-Biz)
- California Businesses
- Legislature
- Investors
Bill text
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