Business News

California Competes Committee Approves $31 Million in Tax Credits for 56 Companies Adding Jobs in CA
1/16/2015 1:42:00 PM
Sacramento, Calif. – Building upon the state’s efforts to bolster the economy, the Governor’s Office of Business and Economic Development (GO-Biz) today announced that the California Competes Tax Credit (CCTC) committee approved approximately $31 million in tax credits for 56 companies expanding and creating jobs in California. The awards approved by the Committee are projected to help these companies create roughly 4,900 jobs and generate over $900 million in investments across California. ...Read More
Governor Brown Proposes 2015-16 State Budget
1/9/2015 2:00:00 PM
SACRAMENTO – Governor Edmund G. Brown Jr. today proposed a carefully balanced budget that injects billions of dollars more into schools and health care coverage, holds college tuition flat and delivers on Propositions 1 and 2 by investing in long overdue water projects and saving money, while continuing to chip away at the state’s other long-term liabilities – debt, infrastructure, retiree health care and climate change. ...Read More
California-China Trade and Investment Office Hires Ken Petrilla as New Executive Director
12/18/2014 9:01:00 AM
SHANGHAI, CHINA – Positioning California to attract a growing share of China’s massive foreign investment pool and bolstering California-China trade, the Governor’s Office of Business and Economic Development (GO-Biz) and the Bay Area Council today announced the hiring of Ken Petrilla as the new Executive Director of the California-China Office of Trade and Investment. Petrilla was previously the head of the China Desk for Wells Fargo, the largest bank in the United States by market cap. ...Read More
Ontario & California Announce Impact Investing Partnership
11/6/2014 3:25:00 PM
Today, the Province of Ontario and State of California announced a new impact investing partnership at the Social Finance Forum at MaRS Discovery District. Ontario and California partners will collaborate and co-invest in enabling impact investing infrastructure, knowledge exchange, venture exchange and joint programming to support industry development. The international collaboration is the first of its kind between two governments to grow and strengthen the impact investing marketplace across both jurisdictions. The partnership will also meet local objectives including driving job creation, mobilizing and increasing access to investment capital and achieving positive social and environmental impact. ...Read More
GO-Biz Receives 286 Applications from Businesses Seeking California Competes Tax Credit to Add Jobs
11/4/2014 2:27:00 PM
Building on the state’s effort to help businesses expand and create new jobs, the Governor’s Office of Business and Economic Development (GO-Biz) today released the preliminary numbers for the most recent California Competes Tax Credit application period which closed on October 27th.  This is the second fiscal year of the program and the first of three application periods scheduled for fiscal year 2014-15. ...Read More



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