KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to California

AB-1477 • 2026

Governor’s Office of Business and Economic Development: California Competes Grant Program.

Governor’s Office of Business and Economic Development: California Competes Grant Program.

Budget
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Sharp-Collins
Last action
2026-02-02
Official status
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Effective date
Not listed

Plain English Breakdown

The official source does not provide details on specific criteria for grant eligibility or changes in operational procedures.

California Competes Grant Program Extension

The bill extends a program that gives grants to businesses creating jobs or making investments in California until January 1, 2031.

What This Bill Does

  • Extends the California Competes Grant Program until January 1, 2031.

Who It Names or Affects

  • Businesses applying for grants through the California Competes Grant Program
  • The Governor's Office of Business and Economic Development

Terms To Know

GO-Biz
Governor’s Office of Business and Economic Development, which helps with economic strategy and business development in California.
California Competes Grant Program
A program that gives grants to businesses creating jobs or making investments in California.

Limits and Unknowns

  • The bill does not change how the grant program works, only when it ends.
  • It is unclear if and how much money will be available for these grants after January 1, 2030.

Bill History

  1. 2026-02-02 California Legislative Information

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. 2026-01-31 California Legislative Information

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. 2025-04-22 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (April 22). Re-referred to Com. on APPR.

  4. 2025-03-25 California Legislative Information

    Re-referred to Com. on E.D., G., & H.I.

  5. 2025-03-24 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to Com. on E.D., G., & H.I. Read second time and amended.

  6. 2025-03-24 California Legislative Information

    Referred to Com. on E.D., G., & H.I.

  7. 2025-02-24 California Legislative Information

    Read first time.

  8. 2025-02-22 California Legislative Information

    From printer. May be heard in committee March 24.

  9. 2025-02-21 California Legislative Information

    Introduced. To print.

Official Summary Text

AB 1477, as amended, Sharp-Collins.
Governor’s Office of Business and Economic
Development
Development: California Competes Grant Program
.
Existing law establishes the Governor’s Office of Business and Economic Development, also known as “GO-Biz,” to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth.
This bill would make a nonsubstantive change to the provision establishing the office.
Existing law, until January 1, 2030, and upon appropriation by the Legislature, creates the California Competes Grant Program, which, among other things, authorizes the Governor’s Office of Business and Economic Development to provide
grants to an applicant that meets specified criteria relating to the creation of jobs or investments in the state.
This bill would extend the operation of these provisions until January 1, 2031.

Current Bill Text

Read the full stored bill text 
Download Bill PDF