California § 11788.1.5. 11788.1.5. (Added by Stats. 2022, Ch. 68, Sec. 4.)

California Statutes

§ 11788.1.5. — 11788.1.5. (Added by Stats. 2022, Ch. 68, Sec. 4.)

California·Code GOV Government Code - GOV·Div. 3.·Title 2. DIVISION 3. EXECUTIVE DEPARTMENT·Part 1. PART 1. STATE DEPARTMENTS AND AGENCIES·Ch. 7.3. CHAPTER 7.3. California Regional Initiative for Social Enterprises Program

(a)

(1)A fiscal agent shall award one-time grants to employment social enterprises through a competitive grant process developed by the office or the fiscal agents.

(2)Grants awarded pursuant to this subdivision shall be of sufficient size and scope to enable the employment social enterprise to build their capacity to generate revenue and provide jobs, training, and support to employees, develop data and learning systems, or replicate or expand within their community or to other California communities. However, each grant shall not exceed five hundred thousand dollars ($500,000).

(3)Employment social enterprises that satisfy the following shall be given preference in the competitive grant process:

(A)Are located in regions of the state with characteristics like those of the Inl

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(a)
(1)
A fiscal agent shall award one-time grants to employment social enterprises through a competitive grant process developed by the office or the fiscal agents.
(2)
Grants awarded pursuant to this subdivision shall be of sufficient size and scope to enable the employment social enterprise to build their capacity to generate revenue and provide jobs, training, and support to employees, develop data and learning systems, or replicate or expand within their community or to other California communities. However, each grant shall not exceed five hundred thousand dollars ($500,000).
(3)
Employment social enterprises that satisfy the following shall be
given preference in the competitive grant process:
(A)
Are located in regions of the state with characteristics like those of the Inland Empire and the Central Valley.
(B)
Are led by people with lived experience, including, but not limited to, having been incarcerated, homeless, or engaged in substance misuse.
(b)
(1)
Each grant shall be accompanied by technical assistance provided by a fiscal agent. The value of technical assistance provided to each grantee shall be up to 30 percent of the grant amount awarded to the grantee. The technical assistance provided shall be in addition to the grant amount awarded in subdivision (a).
(2)
Technical assistance shall be provided for the duration of the grant period for purposes of growing
employment social enterprises and underserved small business groups that are facing capital and opportunity gaps. The technical assistance offered by a fiscal agent to an employment social enterprise shall consist of evaluating the readiness of an employment social enterprise for sustainable growth across five areas: business model, program model, fundraising, operations, and human capital.
(c)
The fiscal agent is authorized to use only up to 10 percent of moneys received under this chapter for costs incurred for program administration.

California § 11788.1.5. (11788.1.5. (Added by Stats. 2022, Ch. 68, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.