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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.

proposition 31

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

Proposition 31: A Business-Friendly Measure to Boost California's Economy

  • 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.

Time:2024-08-09 22:50:32 UTC

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