The Little Hoover Commission Compiles List of Major State
Programs for Regional Economic Development Initiatives
The Little Hoover Commission recently released a
brief that identifies current major state programs that can
support regional development initiatives. Counties may benefit
from leveraging awareness of new and existing programs and
funding streams for any state economic development programs that
are of interest for development. In the
brief, the Commission found 61 programs and investments
across 21 state agencies and departments that provide:
$3.9 billion in one-time funding and $150 million in annual
continuing funding to support clean energy and climate-related
programs.
$2.7 billion in one-time funding and $891 million in annual
continuing funding for training, workforce development, and
career pathways programs.
$974 million in one-time funding and $25 million in annual
continuing funding to support investments in the construction and
expansion of higher education centers, facilities, and campuses.
$467.5 million in one-time funding and $180 million in annual
continuing funding for business development and incentive
programs.
The Commission issued this
brief in the hope of providing state and regional
policymakers with awareness of the range of new and existing
programs and streams that have the potential to expand
California’s Community Economic Resilience Fund.
