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Sacramento, CA – Today, the Governor’s Office of Business and Economic Development (GO-Biz) announced that the California Competes Tax Credit (CCTC) committee approved $55,805,158 in tax credits for 20 companies projected to create 6,824 jobs and make $466,521,930 in new investments across California. View the complete list of approved companies and award amounts.
“The California Competes Tax Credit continues to encourage companies from around the world to locate, expand and add good paying jobs in our state,” said Lenny Mendonca, Chief Economic Advisor to the Governor, GO-Biz Director, and Chair of the California Competes Tax Credit Committee. “Seeing so many jobs coming to our inland communities is truly invigorating. California’s inland communities are places of great opportunity and innovation. We hope to see more of this growth across the state, in line with our Regions Rise Together initiative as we all play our role in ensuring our economy is one that works for all Californians.”
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Stockton, CA – Today, Lenny Mendonca, the Governor’s Chief Economic and Business Advisor and Director of the Governor’s Office of Business and Economic Development (GO-Biz), toured the City of Stockton to learn more about the work the City has done and to champion its proactive engagement in Opportunity Zones.
“Opportunity Zones provide an excellent opportunity to revitalize low-income areas in California,” said the Governor’s Chief Economic and Business Advisor and Director of GO-Biz Lenny Mendonca. “As we lean into building a more sustainable, resilient, and inclusive economy, we must ensure that it is also an equitable one. Attracting investment in areas that for too long haven’t received their fair share will ensure a California for all.”
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Sacramento, CA – Following the California Employment Development Department’s (EDD) release of the state’s employment data from April, the Governor’s Chief Economic and Business Advisor and Director of the Governor’s Office of Business and Economic Development, Lenny Mendonca issued the following statement.
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