California Small Business Month.
The resolution highlights the exceptional resilience of small businesses, particularly evident in their recovery following challenges such as the COVID-19 pandemic, natural disasters, and wildfires. It also notes the contributions of minority-owned businesses, which generate over $414 billion annually and provide essential taxation revenue for funding state services. By declaring May as Small Business Month, ACR 76 aims to celebrate and encourage the vitality of the state's small business landscape, both economically and socially.
Assembly Concurrent Resolution No. 76 (ACR 76) introduces and declares May as 'California Small Business Month' in recognition of the significant contributions that small businesses make to the state's economy and communities. The resolution articulates the foundational role these businesses play within California's dynamic and competitive economic landscape, emphasizing that they comprise over 99% of all businesses in the state. With a workforce of approximately 7.5 million workers, small businesses serve as key drivers of innovation, employment, and community support.
While the resolution is primarily celebratory and non-binding, it implicitly recognizes ongoing issues such as the need for equitable opportunities among diverse small business owners. By focusing on small businesses, the resolution aims to promote discussions around strengthening local economies and addressing the affordability crisis in California through job creation and new services. However, it is essential to note that the resolution does not address specific legislative measures or funding aimed at supporting small businesses, which may be points of contention among policymakers and business advocates.