Besides the ongoing regulatory process at HCD, the Legislature is beginning to to activate on Enterprise Zones. A whole series of “spot bills” were introduced at the end of February. Now Assembly Member Holden has amended AB 9, which did not start out as an EZ bill, to start making changes to the program. The amendments published yesterday make a number of minor changes and one significant change: requiring that a qualified employee be paid in excess of $2,000 per month. Sources tell us that this amendment is just the beginning of a series of “reform” proposals expected to appear in AB 9.
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