GSEC leadership says SB 939 could destabilize market conditions

联系人:Elizabeth Jones
ejones@bobcount.com
(916) 287-9072

05/28/2020

(萨克拉门托, CA) – 的 更大的萨克拉门托 Economic Council’s leadership has voted to oppose SB 939 for its potential to erode business confidence in California and undermine the tax base. 的 更大的萨克拉门托 Economic Council (GSEC) has written a letter to the Governor and California State Senators, urging them to scrap the bill that they say will cause severe economic harm to the California economy and impair recovery.

“This continuous market interference is going to be one of the reasons California will have a slower recovery than we should. 的se policies continue to undermine California businesses giving competing markets like Texas and Utah, an easy advantage to drive business out of the state,巴里·布鲁姆说, 总统 & GSEC首席执行官.

Senate Bill 939 intends to provide rent relief to small businesses, 酒吧, 餐厅, or entertainment venues by providing, a temporary moratorium on evictions due to COIVD 19. 的 bill allows tenants to renegotiate or terminate existing leases throwing the market into a tailspin.

“No landlord is interested in evicting any business that can possibly survive and return. Small businesses are their clients and there aren’t enough businesses in the market to go around. 的 University of Chicago recently released a report that 42% of the job base has been permanently destroyed. Landlords will be doing everything possible to save the small businesses that are their clients. This bill will send shockwaves to the capital markets and further hurt the development of affordable housing by hurting small banks and local developers,布鲁姆说。.

Broome says the bill undermines the real estate and banking system which translates into problems for affordable housing, 教育体系, policing and dozens of other public institutions relying on the tax base. He goes on to say that if the California State Senate is truly serious about helping small businesses recover from the most severe economic downturn since the Great Depression that they should repeal PAGA (Private Attorney’s General Act), AB 5.

“的 harassment of Uber and the GIG economy through AB 5 hurts our communities’ job base. 现在是sb939, we are sending another message to the market place that you can’t trust California to operate with consistency. 的re is no data or evidence on this bill to justify the actions. 华盛顿, 科罗拉多州, NY and Minnesota are democratic lead states that do not create these economic policies that threaten employers for putting investment in their communities. Other states will be targeting our employers. 布鲁姆说。.

About the 更大的萨克拉门托 Economic Council

的 更大的萨克拉门托 Economic Council is the catalyst for innovative growth strategies in the Capital Region of California. 的 organization spearheads community-led direction to retain, 吸引, 发展和扩大可贸易部门, develop advanced industries and create jobs and investment throughout a six-county region. 更大的萨克拉门托 represents a collaboration between local and state governments, 市场领导者, 影响者和利益相关者, with the sole mission of driving inclusive economic growth. 的 更大的萨克拉门托 region was founded on discovery, built on leadership and fueled by innovation.