California Assemblymember V. Manuel Pérez on Jobs Creation and Economic Recovery

Published today by KXO Radio, out of El Centro, California, I found these thoughts by California Assemblymember V. Manual Perez entitled, Maximizing Our Tools for Economic Recovery.  Assemblyman Perez is a strong proponent of California’s enterprise zone tax incentives program and has been holding hearings to explore the effectiveness and potential improvements to the program.
Assemblyman Perez

“We’re all familiar with the saying that ‘government doesn’t create jobs, businesses create jobs,’ and it’s quite true. The fact of the matter is that we in the Legislature have a limited set of tools at our disposal to help businesses create and retain jobs. And with limited state resources, we need to be creative. One thing we can do is to help businesses access credit. When last year’s budget froze the state program that provides small businesses with gap financing, I jointly authored a bill to get the program reinstated. I’ve also just introduced AB 2437 for a revolving loan fund that provides a gap financing mechanism for manufacturers that create and retain jobs in California.
“Another thing we must do is build infrastructure. These are critical investments in our state’s future that also provide much needed jobs. A bill I authored last fall helps California leverage $3.2 billion in federal recovery bond authority. A third task at hand is workforce development. Making sure businesses have an educated and skilled workforce is critical. There are millions of federal dollars available to our counties to help assess and retrain displaced workers – we need to align those dollars to the fields and industries that are looking for workers so businesses don’t go looking elsewhere when they could be hiring Californians. I have authored AB 2628 to do just that. A fourth area is common sense regulatory reforms so that businesses aren’t burdened by red tape. AB 978 calls for the development of an online, one-stop application for businesses to apply for state licenses.
“Finally, we cannot overlook the state’s Enterprise Zone program. I spent a lot of time last year facilitating a hearing process to examine many aspects of this program, and I appreciate the efforts of stakeholders to participate in the dialogue. Last month, I introduced AB 2476 to serve as a vehicle for statutory reforms to the program. As the bill currently reads, it makes changes to the eligibility criteria for Targeted Employment Areas. I see this measure as a starting point and look forward to ongoing and productive discussions as we refine the bill language and make an important program even better.”
Assemblymember V. Manuel Pérez represents the 80th district, which includes all of Imperial County. He serves as the chairperson of the Assembly Committee on Jobs, Economic Development and the Economy. Visit his website at www.asm.ca.gov/mperez