Newsroom - California Governor’s Office of Business and Economic Development

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California Announces First Investment by Program Designed to Create More Inclusive Venture Capital Ecosystem June 27, 2023 - Today, IBank announced the first investment by a new state program, Expanding Venture Capital Access. The program — the first venture capital (VC) program administered by the state — was designed to create a more inclusive VC ecosystem...
California Continues to Lead in Semiconductor Manufacturing, Awards $46 Million in Tax Credits Expected to Generate More than $1.3 Billion in Investments June 15, 2023 - SACRAMENTO – California is investing $46 million in innovative companies to bolster the economy and create nearly 500 new jobs across the state. These new CalCompetes Tax Credit awards will continue to support the cutting-edge technologies and businesses that are the hallmark of California, ...
State of California’s Infrastructure and Economic Development Bank Reaches $1 Billion in Infrastructure Loans Supporting California Communities through Clean Water, Organic Recycling, Safer Roads, Fire Protection, and More June 12, 2023 - IBank announced that it had closed more than $1 billion in loans to cities, counties, and special districts to finance critical infrastructure for California communities around the state...
California Governor’s Office of Business and Economic Development (GO-Biz) Concludes Successful Water Technologies Trade Mission to Baja California June 7, 2023 - GO-Biz concluded a successful trade mission in Baja California focused on water technologies and infrastructure. In collaboration with the State of Baja California, the trade mission aimed to explore best practices...
California Awards Nearly $40 Million for Communities to Build Industries of the Future May 24, 2023 - Governor Gavin Newsom announced $39 million in state funding going to economic development projects across the state that support California’s transition to a low-carbon, green growth future...