Business News

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
GO-Biz Launches New Web Page - Breaking Barriers to Doing Business
10/30/2014 4:33:00 PM
Sacramento, Calif. – Building on the state’s efforts to streamline the permitting process and make it easier to business in the state, the Governor’s Office of Business and Economic Development (GO-Biz) today launched a new web page to highlight the best practices of business groups and state and local permitting agencies that are making their programs more user friendly for businesses. “GO-Biz and our partners are working to improve California’s business climate by streamlining permitting and incorporating efficiency measures developed by the private sector,” said GO-Biz director Kish Rajan. “The Breaking Barriers to Doing Business web page captures those efforts and encourages more state and local agencies to follow our lead and improve their process.” ...Read More
GO-Biz and Japanese Government Agree to Electric Vehicle Pilot Project in California
10/14/2014 4:59:00 PM
Building on the state’s efforts to add more zero emission vehicles to California roads, the Governor’s Office of Business and Economic Development (GO-Biz) and the Japanese governmental organization New Energy and Industrial Technology Development Organization (NEDO) today agreed to conduct a feasibility study for an Electric Vehicle (EV) demonstration project in California. A letter of intent (LOI) was concluded between GO-Biz director, Kish Rajan and NEDO executive director, Hiroshi Kuniyoshi, which facilitates a partnership to develop new fast charging electric vehicle stations in California. “California is working towards meeting the most ambitious zero emission vehicle goal in the U.S.,” said GO-Biz director Kish Rajan. “Today’s agreement furthers that effort and also expands our international partnership with Japan.” ...Read More



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