(a) Upon approval of a grant award pursuant to this article, the office shall issue a notice to the fiscal agent that includes all of the following:

(1) The amount of the award.

(2) A requirement that the fiscal agent periodically provide a performance report that includes all of the following information:

(A) The number of employment social enterprises consulted and trained.

(B) The amount of funds awarded to employment social enterprises.

(C) The size of employment social enterprises assisted based upon the number of employees at the time that those businesses were assisted, as reported by those assisted businesses, categorized based upon the size of the assisted business, as determined by the office.

(D) The city and county in which any assisted employment social enterprises are located.

(E) A narrative description of the system collaboration with state and local government agencies that the small business technical assistance center has developed to better serve people breaking through barriers to employment.

(F) Industry sectors of the employment social enterprises assisted, as reported by those businesses.

(G) A narrative description of how the funds awarded were used to expand services to employment social enterprises and to help employment social enterprises to expand, facilitate investment, and create jobs in California, including in rural communities, low-income communities, and disaster-impacted areas included in a state or federal emergency declaration or proclamation.

(H) The demographics of employment social enterprise leaders supported, including their race.

(I) The number of jobs created.

(J) The number of individuals employed and the demographics of social enterprise employees, including race and gender.

(3) A requirement that the fiscal agents periodically provide a financial report that includes all of the following information:

(A) The name of any business consultant employed.

(B) The hourly rates of any business consultant employed.

(C) The cost of employment social enterprise training.

(D) The cost of administration and marketing.

(E) The duration of the assistance provided by the fiscal agents.

(F) The start date of the assistance provided by the fiscal agents.

(b) Each fiscal agent shall accept the performance and financial reporting requirements in this section as a condition of being designated as a fiscal agent.

(c) No more than 60 days following the completion of an agreement term pursuant to this chapter, a fiscal agent shall provide a final written performance and financial report to the office consistent with the requirements of this section.

(Added by Stats. 2022, Ch. 68, Sec. 4. (SB 193) Effective June 30, 2022.)