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Committee advances AB 265 to create state recovery grants for small businesses, nonprofits after emergencies

5325076 · July 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Assemblymember Colosa told senators AB 265 would establish, subject to appropriation, a state‑administered recovery grant program for small businesses and nonprofit organizations damaged by declared states of emergency; witnesses from the California SBDC and CalNonprofits urged funding and partners emphasized underserved owners.

Assemblymember Colosa told the Senate committee AB 265 (Small Business and Nonprofit Recovery Act) would create, upon appropriation, a state‑funded program administered by the Office of the Small Business Advocate to support small businesses and nonprofits hit by declared states of emergency.

Colosa said federal disaster programs often leave many small businesses and nonprofits ineligible or subject them to long delays; a state grant program would…

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