Business News Archive

Governor Brown to Lead Trade and Investment Mission to Mexico - Recruiting Business Delegates
4/30/2014 9:02:00 AM
Governor Edmund G. Brown Jr. today announced that he will lead a Trade and Investment Mission to Mexico during the last week of July 2014 to strengthen ties with California's neighbor and largest export market. "Reducing our oil consumption, two-thirds of which is imported by ships and tank cars, will take time, breakthrough technologies and steadfast commitment. It will also require that the countries which burn the most fossil fuel join with us," Governor Brown said in his 2014 State of the State address. "We've started building those partnerships with other states and countries like China. We will go to Mexico next. California can't do this alone." ...Read More
Governor Brown Signs Commercial Space Flight Legislation (AB 777)
4/30/2014 8:57:00 AM
Governor Edmund G. Brown Jr. today announced that he has signed the following bill - AB 777 by Assemblymember Al Muratsuchi (D-Torrance) - Taxes: exemption: space flight property. ...Read More
Gov. Brown Announces New Hiring Credit Pilot Areas
4/25/2014 3:15:00 PM
Building on efforts to grow California’s economy and help businesses create jobs, Governor Edmund G. Brown Jr. today announced new tax incentives for employers hiring workers in Fresno, Merced and Riverside. “The state’s economy is steadily improving and more than a million Californians are back to work after the massive mortgage meltdown,” said Governor Brown. “These tax credits will spur new jobs and help communities hardest hit by the recession.” ...Read More
VIDEO: How to Apply for California Competes Tax Credit
3/25/2014 10:55:00 AM
The following video takes business owners through the on-line application for the California Competes Tax Credit. The application period is open until April 14th, 2014. Businesses of all sizes are encouraged to apply for free today! ...Read More
GO-Biz to Host Regional 'CA Competes' Workshops - How Your Business Can Apply for New Tax Credits
3/6/2014 4:25:00 PM
Join the Governor’s Office of Business and Economic Development (GO-Biz) for a workshop on the new California Competes Tax Credit. Small, medium and large businesses are encouraged to attend the workshop and receive instruction on how to apply for this new tax credit program available from the state. The California Competes Program provides upwards of $180 million in tax credits over the next two years for businesses of all sizes that want to expand or relocate to California. ...Read More
Gov. Brown and Israel Prime Minister Netanyahu Sign MOU - Designate iHubs to Strengthen Econ Ties
3/5/2014 5:06:00 PM
Governor Edmund G. Brown Jr. and Israeli Prime Minister Benjamin Netanyahu today signed a broad agreement to develop joint projects and conduct mutually beneficial research in California and Israel. "Through this agreement, California and Israel will build on their respective strengths in research and technology to confront critical problems we both face, such as water scarcity, cybersecurity and climate change," said Governor Brown. The agreement will also enable Israeli companies to access California's Innovation Hubs (iHUB), an innovation network that includes 16 clusters of research parks, technology incubators, universities and federal laboratories, together with economic development organizations, business groups and venture capital funds. ...Read More
Gov. Brown Convenes International Trade & Investment Advisory Council at GO-Biz
2/26/2014 2:14:00 PM
Bolstering the state’s efforts to grow international business opportunities for California’s companies, Governor Edmund G. Brown Jr. today established the California International Trade and Investment Advisory Council and appointed former U.S. Ambassador to Hungary Eleni Kounalakis as chair. “As the economy recovers, California is well-positioned to expand its reach into foreign markets,” said Governor Brown. “Under the leadership of Ambassador Kounalakis, this council will help the state do just that.” The advisory council will advise the Governor’s Office of Business and Economic Development (GO-Biz) on strategies to expand international trade and investment for California businesses. Specifically, the council will assist GO-Biz in identifying foreign markets with the greatest potential for export expansion and in developing specific export strategies for those markets – including the state’s top trading partners, Canada, Mexico and China, and emerging markets such as Brazil and India. ...Read More
'Big Three' Credit Agencies Upgrade State Infrastructure Bank Credit Rating AAA
1/16/2014 4:09:00 PM
Executive director of the California Infrastructure and Economic Development Bank (I-Bank) Teveia Barnes today announced that the ‘Big Three’ credit rating agencies – Standard and Poor’s (S&P), Fitch and Moody’s – have all awarded top ratings to the I-Bank’s approximately $97 million series 2014A infrastructure state revolving fund (ISRF) bonds, which are expected to be sold next week.  The I-Bank’s ISRF Program provides loans to finance a wide range of infrastructure and economic expansion projects to local governments other eligible borrowers. ...Read More
State Small Business Loan Program Receives Additional $27 Million from U.S. Treasury
1/15/2014 4:01:00 PM
Executive Director of the California Infrastructure and Economic Development Bank (I-Bank) Teveia Barnes announced today that the U.S. Department of Treasury has authorized an additional $27 million in federal funding for the California Small Business Loan Guarantee Program (SBLGP) to provide loans to small business owners and entrepreneurs. ...Read More
GO-Biz Director to Hold Media Availability at CA Competes Workshop in Glendale, CA
12/18/2013 3:26:00 PM
Director of the Governor’s Office of Business and Economic Development (GO-Biz) Kish Rajan will hold media availability at tomorrow’s public workshop in Glendale, CA. The workshop is designed to solicit input on the draft regulations for the California Competes Tax Credit program, an income tax credit available to businesses that want to expand, relocate or stay and grow in California. At the workshops, GO-Biz will provide an overview of the enacting legislation, discuss the draft regulations and welcome feedback from the community. Director Rajan will discuss the CA Competes program and the impact of California’s revamped approach to economic development. Additional detail can be found here. ...Read More

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