BILL NUMBER: AB 1430	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Cooper

                        FEBRUARY 27, 2015

   An act relating to businesses.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1430, as introduced, Cooper. California family owned
businesses.
   Existing law authorizes state and local entities to regulate
businesses within their jurisdiction.
   This bill would provide Legislative findings and declarations
regarding California family owned businesses.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  The Legislature finds and declares the following:
   (a) In 2007, California was home to 1.4 million family owned
businesses, which employed nearly 7 million people.
   (b) Both large and small family owned businesses have been
recognized through numerous academic studies as having unique
characteristics. Those studies verify that family owned businesses
invest more in their employees in terms of training and benefits,
promote more women to high-level management positions, and are less
likely to lay off employees or downsize in tough economic times.
   (c) California family owned businesses continually demonstrate
extraordinary commitment to the communities in which they operate
because they are headquartered in the state. California family owned
businesses have been shown to engage in high levels of local,
community-based philanthropic giving, and are strong stewards of the
environment by virtue of their long-term perspective and sense of
duty to past, present, and future generations within the state.