Economic Opportunities for Small Business Under AB 32
California’s Global Warming Solutions Act, commonly referred to as AB 32, calls for substantial reductions in the state’s carbon emissions. The impact it will have on the economy, and particularly on small businesses, has spurred tremendous debate as the law is being implemented.
Small Business Majority released an in-depth report on Oct. 18, 2010, that focuses on the opportunities AB 32 provides to California’s small businesses. The findings show that the increased investments, energy savings and innovation prompted by the law’s requirements will boost small businesses’ bottom lines and stimulate job creation. It will increase demand for the goods and services California small businesses provide, which will benefit the state as a whole. The report concludes that the economic potential AB 32 creates for small businesses is substantial.