General Background on and Logistics for the March 29 2022 Hearing

The Assembly Committee on Jobs, Economic Development, and the Economy (JEDE) and the Assembly Budget Subcommittee 4 on State Government (Budget Sub 4) are convening a joint informational hearing examining the state's implementation of the State Small Business Credit Initiative (SSBCI), a $1.18 billion infusion of small business capital from the federal government.  Among other topics, the committees are interested in learning how these funds will meet the capital needs of all small businesses, including women- and minority-owned small businesses. 

Information and recommendations received during the hearing will serve as a foundation for oversight and evaluation of state programs and legislative and budget proposals in the current and future legislative sessions.

The hearing is scheduled for Tuesday, March 29, 2022, at the California State Capitol in Room 437 from 1:30 to 3:30 pm.

Key Hearing Documents

Hearing Participation

Seating in the hearing room is limited.  The California State Assembly will livestream the hearing and it can be viewed at https://www.assembly.ca.gov/todaysevents

Public Comment is scheduled Agenda Item 5 (approximately 3:10 pm).  Individuals can begin to call in and join the queue once the hearing has begun.  Please call toll-free:  877-692-8957 / Access Code: 131 54 37.

Written testimony will be accepted March 21, 2022, through April 15, 2022.  All documents which directly relate to the state's implementation of the SSBCI will be posted on the JEDE Committee website.  Submit written testimony to BudgetSub4@asm.ca.gov and jede@asm.ca.gov.   

Who is JEDE?

JEDE is the policy committee within the California State Assembly responsible for reviewing policies and legislation related to small business development, international trade, and other economic development related issues.  The committee regularly publishes reports on these areas of interest.  Copies of these reports are available online at ajed.assembly.ca.gov.

Who is Budget Subcommittee 4 on State Government?

Budget Sub 4 is the budget subcommittee within the California State Assembly responsible for reviewing fiscal issues related to the Governor’s Office of Business and Economic Development, the California Infrastructure and Economic Development Bank, and the California Pollution Control Financing Authority, among other state entities.  Copies of background materials from Budget Sub 4 is available online at:  https://abgt.assembly.ca.gov/sub4stateadministration.   

We look forward to hearing from you during the public comments.

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