As we enter the holiday season, California's economy remains strong with forecasts projecting more growth for the Golden State. We have the fifth-largest economy in the world and a booming clean energy economy. We will start 2020 in good fiscal shape.
One vital element of our overall economic health is the critical role played by small businesses. Though often overlooked compared to large corporations and national chains, small businesses make up more than 90 percent of California's private sector employers. They provide workers entry into the workplace and opportunities to gain and expand job skills. These businesses often give back to our communities in a number of ways, such as partnering with local schools and non-profit organizations, and donating products and services to local residents in need.
Operating a small business is never easy. But we all benefit from having vibrant, passionate small business owners in our community who hire our neighbors, provide great services, and contribute to a strong, local economy. This holiday season, please remember to stop by a local small business as you search for the right gifts for loved ones. Our community will be stronger for it.
State Senator Bob Wieckowski honored several local heroes at his annual State of the District Address and Awards Ceremony, held this year at the University of California, Santa Cruz's Santa Clara campus.
In this video, Senator Bob Wieckowski describes how SB 308 will help homeowners, especially seniors, the blind and disabled, keep their homes when they are in financial distress due to a sudden job loss or rising medical bills. The bill is supported by AARP, Congress of California Seniors, Consumers for Responsible Lending, Attorney General Kamala Harris, State Treasurer John Chiang, Board of Equalization Member Fiona Ma and a large number of labor and legal organizations.