Congressional Hearing - 2021 03 16 5Public Agenda For March 2021 Hearing

Summary

The agenda for Inclusive Economic Recovery Priorities for 2021, a hearing of the California Assembly Committee on Jobs, Economic Development and the Economy on Tuesday, March 16, 2021 at the California State Capitol. It describes the hearing as the second in a series examining the impact of the COVID-19 pandemic on the California economy, and notes the committee will adopt rules for the 2021-22 legislative session. The agenda lists a presentation by a Deputy Legislative Analyst on the Legislative Analyst's Office stimulus framework and how it applies to the Governor's proposed $14 billion economic recovery package, with a preliminary look at the $1.9 trillion American Rescue Plan. It also lists the Executive Director of the California Workforce Development Board, a panel of business, labor and chamber of commerce leaders, thirty minutes of public comment, and closing remarks.

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         Assembly Committee on Jobs, Economic Development and the Economy

                       Inclusive Economic Recovery Priorities for 2021
                  Tuesday, March 16, 2021 at the California State Capitol, Room 4202, beginning at 9:30 am
                                                              AGENDA
The Assembly Committee on Jobs, Economic Development, and the Economy is convening the second in a series of
hearings to examine the impact of the COVID-19 pandemic on the California economy. A successful economic recovery is
dependent on addressing systemic barriers to entrepreneurship and upward mobility, as well as leveraging new federal
resources to ensure an inclusive economic recovery. Building a more equitable and resilient economy will, however,
require a commitment to sound economic policies and an openness to update programs and services to address current
market needs. Committee members will also adopt committee rules for the 2021-22 legislative session.

I.   Welcome, Introductions, and Opening Statements
     Chair and Members of the Assembly Committee on Jobs, Economic Development, and the Economy will give opening statements
     and frame the key issues to be examined during the hearing.

III. Preparing for an Inclusive Economic Recovery
         Brian Uhler, Deputy Legislative Analyst
     In February 2021, the California Legislative Analyst’s Office (LAO) released a framework for evaluating state economic stimulus
     proposals, which emphasizes timeliness, targeting, and ensuring that recovery actions do not inadvertently exacerbate pre-existing
     inequities. The LAO framework also recommends choosing the source of funding wisely, such as federal funds, state surplus
     moneys, and the proceeds from previously approved bonds, when the state undertakes stimulus activities. Brian Uhler, Deputy
     Legislative Analyst, will discuss his office’s perspectives on how this framework applies to the Governor’s proposed $14 billion
     economic recovery package, as well as providing a preliminary look at how the $1.9 trillion American Rescue Plan and the
     proposed $2 trillion federal climate mitigation and public infrastructure plan could be leveraged for a more inclusive economic
     recovery in California.

IV. Economic Recovery Priorities of the California Workforce Development Board
         Tim Rainey, Executive Director, California Workforce Development Board
     The California Workforce Development Board (Board) is responsible for the state's implementation of the federal Workforce
     Innovation and Opportunity Act (WIOA). The Board also provides advice to the Governor and Legislature, and generally serves as
     the state's primary place where labor, business, industry, and education stakeholders come together.

V. Economic Recovery Priorities of Businesses, Workers, and Entrepreneurs
         Lance Hastings, President, California Manufacturers and Technology Association
         Ron Miller, Executive Secretary, Los Angeles/Orange Counties Building and Construction Trades Council
         Tracy Stanhoff, President, American Indian Chamber of Commerce of California
     California's economic dominance is supported through a range of robust business and industry sectors. California workers and
     owners produced $3.1 trillion of economic value in 2019, ranking the state as the 5th largest economy in the world. Even with
     these advantages, COVID-19 has placed unique economic challenges on the state, impacting workers, small business, and
     manufacturers. In this panel, Members will hold an open dialogue with stakeholders on their policy and legislative priorities for an
     inclusive economic recovery.

VI. Public Comment
     Thirty minutes has been scheduled for public comment. Information on how participate is posted on the Committee website.
     Written comments may also be submitted to the JEDE Committee Office.

VII. Closing Remarks
     Assemblymembers will make closing remarks and offer recommendations on further actions by the Assembly Committee on Jobs,
     Economic Development, and the Economy.


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