The Legislature finds and declares all of the following:
(a) Market demand is a driving factor in determining profitability of California companies and the ability of those companies to invest in business growth.
(b) Recent unemployment figures indicate that California’s employment has declined by more than 420,000 jobs since the middle of 1990, with up to 133,000 of those jobs in the manufacturing sector.
(c) The current economic recession, coupled with losses of federal contracts by our defense and aerospace industries, is causing an economic crisis in California.
(d) California companies are often at a competitive disadvantage when responding to public contract proposals from government agencies because of factors associated with higher taxes, wages, rents, labor benefits, and insurance rates.
(e) The competitiveness of California companies is also impacted as a result of in-state business preference policies that exist in other states.
(Added by Stats. 1992, Ch. 1073, Sec. 1. Effective January 1, 1993.)
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