Plain English Breakdown
Checked against official source text during the last sync.
Extending the California Competes Grant Program
This law extends a state grant program that helps businesses create jobs and invest in California by one year.
What This Bill Does
- Makes a nonsubstantive change to how the Governor's Office of Business and Economic Development is described in the law.
- Extends the operation of the California Competes Grant Program until January 1, 2031.
Who It Names or Affects
- The Governor's Office of Business and Economic Development (GO-Biz)
- Applicants seeking grants to create jobs or invest in the state
Terms To Know
- California Competes Grant Program
- A program that allows GO-Biz to give money to applicants who meet rules about creating jobs or investing in California.
- Appropriation
- When the Legislature officially sets aside money for a specific purpose, such as funding grants.
Limits and Unknowns
- The program only operates if the Legislature provides funding through an appropriation.
- This bill does not change how much money is available or who qualifies for the grants.