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AB-940 • 2026

Economic development: industry strategies.

Economic development: industry strategies.

Technology
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Wicks (A) , Ellis (A) , Hoover
Last action
2025-10-03
Official status
Chaptered by Secretary of State - Chapter 333, Statutes of 2025.
Effective date
Not listed

Plain English Breakdown

The bill does not provide specific details on how GO-Biz will develop industry strategies or what penalties apply for non-compliance.

Economic Development: Industry Strategies

This law requires GO-Biz to create industry strategies for key sectors in California's economy and prioritizes the development of a strategy for quantum technology.

What This Bill Does

  • Requires GO-Biz to develop industry strategies for strategic sectors identified in the California Jobs First State Economic Blueprint.
  • Each industry strategy must include an overview of the current state, importance, and future growth strategies for each sector.
  • GO-Biz is required to prioritize developing a strategy specifically for the quantum technology subsector.
  • GO-Biz needs to submit the completed quantum technology strategy to the Legislature by July 1, 2026.

Who It Names or Affects

  • The Governor’s Office of Business and Economic Development (GO-Biz)
  • California's key industries
  • Legislators who will receive the quantum technology strategy

Terms To Know

Governor’s Office of Business and Economic Development (GO-Biz)
The office that helps the Governor with economic planning and promoting California for business growth.
California Jobs First State Economic Blueprint
A plan that outlines strategies to support job creation and economic growth in California.

Limits and Unknowns

  • The bill does not specify the exact details of how GO-Biz will develop these industry plans.
  • It is unclear what specific actions or investments each strategy must include beyond a general overview.
  • There are no penalties mentioned for failing to meet the requirements set by this law.

Bill History

  1. 2025-10-03 California Legislative Information

    Chaptered by Secretary of State - Chapter 333, Statutes of 2025.

  2. 2025-10-03 California Legislative Information

    Approved by the Governor.

  3. 2025-09-24 California Legislative Information

    Enrolled and presented to the Governor at 3 p.m.

  4. 2025-09-13 California Legislative Information

    Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 3501.).

  5. 2025-09-13 California Legislative Information

    Assembly Rule 63 suspended. (Page 3484.)

  6. 2025-09-13 California Legislative Information

    Joint Rules 61(a)(14) and 51(a)(4) suspended. (Ayes 59. Noes 20. Page 3413.)

  7. 2025-09-13 California Legislative Information

    In Assembly. Concurrence in Senate amendments pending.

  8. 2025-09-12 California Legislative Information

    Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 3003.).

  9. 2025-09-12 California Legislative Information

    Senate Rule 29 suspended. (Page 2961.)

  10. 2025-09-12 California Legislative Information

    Read second time. Ordered to third reading.

  11. 2025-09-11 California Legislative Information

    From committee: Do pass. (Ayes 5. Noes 0.) (September 11).

  12. 2025-09-10 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (September 10). Re-referred to Com. on APPR.

  13. 2025-09-09 California Legislative Information

    Joint Rules 61 and 62(a) suspended. (Ayes 30. Noes 9. Page 2731.)

  14. 2025-09-09 California Legislative Information

    Re-referred to Com. on B. P. & E.D.

  15. 2025-09-09 California Legislative Information

    Re-referred to Com. on RLS.

  16. 2025-09-09 California Legislative Information

    Withdrawn from committee.

  17. 2025-09-09 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV.

  18. 2025-09-09 California Legislative Information

    Senate Rule 29.3(b) suspended. (Ayes 28. Noes 8. Page 2568.)

  19. 2025-06-23 California Legislative Information

    From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 10. Noes 0.) (June 23). Re-referred to Com. on L. GOV.

  20. 2025-06-11 California Legislative Information

    In committee: Hearing postponed by committee.

  21. 2025-06-04 California Legislative Information

    Referred to Coms. on B. P. & E.D. and L. GOV.

  22. 2025-05-28 California Legislative Information

    In Senate. Read first time. To Com. on RLS. for assignment.

  23. 2025-05-27 California Legislative Information

    Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1730.)

  24. 2025-05-15 California Legislative Information

    Read second time. Ordered to third reading.

  25. 2025-05-14 California Legislative Information

    From committee: Do pass. (Ayes 15. Noes 0.) (May 14).

  26. 2025-04-22 California Legislative Information

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

  27. 2025-04-22 California Legislative Information

    Coauthors revised.

  28. 2025-03-25 California Legislative Information

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

  29. 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.

  30. 2025-03-24 California Legislative Information

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

  31. 2025-02-20 California Legislative Information

    From printer. May be heard in committee March 22.

  32. 2025-02-19 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 940, Wicks.
Economic development: industry strategies.
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 require GO-Biz to develop industry strategies for the strategic sectors identified in the California Jobs First State Economic Blueprint to ensure an industry-specific approach that builds on the strategies outlined in the blueprint and outlines the activities and investments necessary to ensure that these sectors continue to grow in California. The bill would require each industry strategy to include specified elements, including an industry overview outlining the current state of the industry, why it is critical to California, and the specific strategies that would lead to increased jobs and capital investments.
This bill would also require GO-Biz to develop an industry strategy for the quantum technology subsector identified in the blueprint and would authorize the department to develop industry strategies for the other subsectors identified in the blueprint. The bill would require GO-Biz to prioritize the industry strategy for quantum technology and submit a copy of the completed industry strategy to the Legislature on or before July 1, 2026, as provided.

Current Bill Text

Read the full stored bill text 
Download Bill PDF