A new law authored by Assemblymembers Bill Dodd (D-Napa) and Jim Frazier (D-Oakley) was signed by Governor Jerry Brown to help local governments in Solano County and across the state strengthen their economic development powers. The law enables cities and counties to offer loans to owners or tenants for rehabilitation of commercial buildings and to create economic opportunities through the purchase, sale or lease of properties.
“We need to grow good paying local jobs in our communities, and I appreciate the City of Fairfield for working with Assemblymember Frazier and I to advance that cause,” said Assemblymember Dodd. “This is an example of how local officials, businesses, and state representatives can come together to help our communities. As a business owner for over 25 years, I know that creating local jobs helps build vibrant communities, and this new law will help local governments support job growth.”
The legislation will offer communities additional tools that can be used to rehabilitate deteriorated areas, attract and retain jobs, and improve local quality of life. In 2012 redevelopment agencies in California were eliminated as the state coped with massive budget deficits. Many of the tools previously used by redevelopment agencies were transferred to local governments to assist with economic development. With this authority, counties and cities are able to enter into agreements that can help create job opportunities and promote affordable housing projects. Dodd and Frazier’s legislation will simplify the process by which local governments can assist with economic development.
“I am so pleased to work with Assemblymember Dodd to bring new economic development tools to the communities of Solano County,” stated Assemblymember Frazier. “The people in our communities can rest assured that their state representatives have their back and will always answer the call to deliver for them.”
“This new law clarifies that cities have the power to create and provide vital economic development opportunities in their communities,” said Fairfield Mayor Harry Price. “The City of Fairfield greatly appreciates Assemblymembers Dodd and Frazier for joint authoring the legislation and for their efforts to strengthen our local economy.”
The bill passed the legislature last month with bipartisan support, and was sponsored by the City of Fairfield and the League of California Cities.
Assemblymember Bill Dodd represents the 4th Assembly District, which includes all or portions of Solano, Napa, Sonoma, Lake, Yolo, and Colusa Counties. You can learn more about Assemblymember Dodd and the district at www.asm.ca.gov/dodd.