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Governor’s Chief Economic and Business Advisor Releases Statement on August Employment Numbers

Sacramento, CA – Following the California Employment Development Department’s (EDD) release of the state’s employment data from August, 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.

GO-BIZ AND CDFA ANNOUNCE $600,000 FEDERAL GRANT FOR CALIFORNIA’S GLOBAL TRADE EXPANSION PROGRAM

SACRAMENTO, September 13, 2019 - The Governor’s Office of Business and Economic Development (GO-Biz) and the California Department of Food and Agriculture (CDFA) today announced that California received a $600,000 grant from the U.S. Small Business Administration (SBA) to help California small businesses boost trade and exports abroad. CDFA and GO-Biz will use the funds as part of the California State Trade Expansion Program (STEP) to help California small businesses participate in activities like foreign trade shows and access foreign markets through trade promotion initiatives.
 
“We look forward to the continued support from the US Small Business Administration. State access to STEP funds have allowed us to create opportunities for small businesses to market their products globally, scale their operations, meet new international customers, and create jobs across our state,” said Bud Colligan, Senior Advisor for International Affairs and Trade at the Governor’s Office of Business and Economic Development (GO-Biz). “As the world’s 5th largest economy, California needs to make sure our small businesses are integrated into the global economy and the STEP program allows us to do just that.”

Growing California Businesses, $90 Million Available in CalCompetes Tax Credits

Sacramento, CA – Today, $90 million in tax credits is officially available to businesses that want to come to California or stay and grow in the Golden State. The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC). The tax credit program is open to any business planning to create new full-time jobs in the state, regardless of size or location. The deadline to submit applications is Monday, August 19 at 11:59 p.m. (Pacific Time). The online application automatically closes once the deadline has passed.
 
“This Administration is committed to ensuring the California Dream is accessible to all Californians,” said Lenny Mendonca, Chief Economic Advisor to the Governor, GO-Biz Director, and Chair of the California Competes Tax Credit Committee. "Since 2014, we have allocated nearly $1 billion to 1,029 companies through the California Competes Tax Credit. That has led (or is leading) to the creation of more than 100,000 jobs and nearly $19.5 billion in new investments across the state. This is a vital tool we have to support businesses that are adding good-paying, high-quality jobs across all regions of California.”