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Business News Archive
GO-Biz News Brief (March 12, 2015)
3/12/2015 2:17:00 PM
A Cross Section of News from the Previous Week: (Bloomberg View)
Best State for Business? Yes, California
: There are plenty of reasons to presume that California must be a bad place to do business. Why then does the market, where buyers and sellers determine relative value, show otherwise? California-based companies surpass their competitors in the U.S. by most measures of performance favored by investors. California companies in the S&P 500 delivered returns of 134 percent; the closest big-state challenger was Florida, whose S&P companies had an 82 percent return, according to data compiled by Bloomberg. Companies domiciled in California also outperformed the S&P 500 during the past four years by a margin of 23 percent.
GO-Biz Receives 253 Applications from Businesses Seeking California Competes Tax Credit to Add Jobs
2/6/2015 12:06:00 PM
Sacramento, Calif. – 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 announced that it received a total of 253 applications with a combined tax credit request of $289 million for the most recent California Competes Tax Credit application period which closed on February 2, 2015.
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.
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.
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.
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.
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 27
. This is the second fiscal year of the program and the first of three application periods scheduled for fiscal year 2014-15.
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.”
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.”
GO-Biz Announces California Competes Workshops and Webinars - Starting Sept. 29th
9/23/2014 6:23:00 PM
You are invited to join the Governor’s Office of Business and Economic Development (GO-Biz) for a free workshop on how to apply for the California Competes Tax Credit. Starting Monday, September 29th, GO-Biz will open the California Competes program and begin accepting applications for businesses that want to add jobs in California. The state will provide $151 million in tax credits this fiscal year to small, medium and large companies across the state. Last fiscal year, GO-Biz awarded $28.9 million to 29 companies that are planning to create 6,000 jobs and invest more than $2 billion in the state. Register today for a webinar or a free workshop in your area.
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