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2005 California Government Code Sections 12095-12095.02 Article 1. Statement of Purpose and Definitions
GOVERNMENT CODESECTION 12095-12095.02
12095. The Legislature finds and declares the following: (a) Innovation in California industry is basic to the preservation and growth of a strong state economy and high employment. (b) Industries characterized by a sustained capacity for innovation require the following: (1) Well-educated and well-trained employees at every level. (2) The ability to retrain all elements of the workforce as need requires. (3) Motivational protocols and procedures to maintain high productivity. (4) Continued access to the latest and best information from basic and applied research. (5) A well-planned and maintained system of transportation, water and energy supply, and waste disposal. (6) Access to capital markets. (c) Although the existing California Commission on Industrial Innovation appointed pursuant Executive Order No. B-91-81 has made a good start to identify, monitor, assess, evaluate and recommend upon the related policies necessary to maintain California's lead in industrial innovation, a more permanent commission located in the Office of the Governor is necessary to fully achieve these ends. 12095.01. In order to encourage industrial innovation, and to develop policies which maintain California's leadership in the national economy and retain its international competitive position, the Legislature intends by the enactment of this chapter to create the California Commission on Industrial Innovation within the Office of the Governor, the Legislature further intends that the commission be governed by leading representatives of California government, academia, labor and innovative industries, and that the commission provide research which can be used by it in developing and recommending effective and aggressive strategies for expanding the state's economy and employment rate. 12095.02. Unless the contrary is stated or clearly appears from the context, the definitions set forth in this section shall govern the interpretation of this chapter: (a) "Commission" means the California Commission for Industrial Innovation. (b) "Council" means the advisory council of the commission established by Section 12095.20. (c) "Industrial innovation" refers to technology-based companies such as those making or developing electronic components, computers and peripherals, instruments, communications equipment, robotics, biotechnology, photovoltaics, and aerospace equipment in which both of the following conditions apply: (1) At least 5 percent of sales are devoted to research and development. (2) At least 15 percent of sales are devoted to depreciable investment.
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