Proposition 31: A Business-Friendly Measure to Boost California's Economy
Proposition 31: A Business-Friendly Measure to Boost California's Economy
Introduction
Proposition 31 is a California ballot measure that will appear on the November 8, 2022, ballot. The measure would authorize the state to issue bonds to fund affordable housing and infrastructure projects.
Benefits to Business
- Increased Economic Activity: The proposition is projected to create up to 80,000 jobs and generate $8 billion in economic activity.
| Source | Figure |
|---|---|
| California Legislative Analyst's Office | $8 billion |
| California Budget & Policy Center | 80,000 jobs |
- Reduced Housing Costs: The measure would help to build or preserve over 130,000 affordable homes, making it easier for workers to find and afford housing.
| Source | Figure |
|---|---|
| California Housing Partnership | 130,000 homes |
| California Association of Realtors | Reduced housing costs |
How to Support Proposition 31
Vote Yes on November 8th: To support the measure, vote Yes on Proposition 31 on the November 8th ballot.
Spread the Word: Encourage your employees, customers, and friends to support the measure by sharing information about its benefits.
Story 1: Increased Economic Activity
- Increased Employment: The measure would create jobs in construction, manufacturing, and other industries.
| Source | Figure |
|---|---|
| California Labor Federation | Increased employment |
| California Chamber of Commerce | Jobs in construction |
- Boosted Small Business: The measure would provide opportunities for small businesses to participate in infrastructure projects.
| Source | Figure |
|---|---|
| Small Business Majority | Opportunities for small businesses |
| California Black Chamber of Commerce | Boosted small business |
How to Benefit:
Partner with Contractors: Businesses can partner with contractors to provide materials or services for infrastructure projects.
Train Employees: Businesses can train employees to fill high-demand jobs in construction and other industries.
Story 2: Reduced Housing Costs
- Increased Homeownership: The measure would make it easier for families to purchase homes by reducing housing costs.
| Source | Figure |
|---|---|
| California Association of Realtors | Increased homeownership |
| California Housing Partnership | Reduced housing costs |
- Improved Health Outcomes: Access to affordable housing can improve health outcomes by reducing stress and improving air quality.
| Source | Figure |
|---|---|
| Centers for Disease Control and Prevention | Improved health outcomes |
| Harvard University | Reduced stress |
How to Support:
Advocate for Affordable Housing: Businesses can advocate for policies that support the development of affordable housing.
Provide Employee Housing: Businesses can provide housing assistance to employees, such as rent subsidies or down payment assistance.
Call to Action
California businesses have a unique opportunity to support Proposition 31, a measure that will boost the economy and improve the quality of life for all Californians. Vote Yes on Proposition 31 on November 8th.
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