SACRAMENTO >> Legislation authored by Assemblymember Bill Dodd (D-Napa) and Assemblymember Jim Frazier (D-Oakley) to strengthen the economic development powers of local governments passed the legislature with unanimous bipartisan support. The bill enables cities and counties to create economic opportunities through the acquisition, sale or lease of properties and to boost rehabilitation of commercial buildings by offering loans to owners or tenants.
“Ensuring the economic vitality of our local communities should be a top priority for our state, and I’m happy to work with Assemblymember Frazier to advance that cause,” said Dodd. “As a former county supervisor and business owner for over 25 years, I know that local businesses are essential to creating jobs and vibrant communities. This bill will help strengthen the economy in communities around the state.”
The bill, AB 806, is sponsored by the City of Fairfield and the League of California Cities to offer communities additional tools that can be used to rehabilitate deteriorated areas, attract and retain jobs, and improve local quality of life. In 2012 redevelopment agencies in California were eliminated as the state coped with massive budget deficits. Many of the tools previously used by redevelopment agencies were transferred to local governments to assist with economic development.
With this authority, counties and cities are able to enter into agreements that can help create job opportunities and promote affordable housing projects. Dodd and Frazier’s legislation aims to simplify the process by which local governments can assist with economic development.
“I am pleased to be joint authoring this legislation with Assemblymember Dodd and look forward to our continued partnership in the future,” stated Assemblymember Frazier.
The Governor has until September 30 to sign or veto the measure.
