Press Release Archives

California IBank Invests $25 Million in Critical Climate Solutions, Marking First Climate Catalyst Revolving Loan Fund Commitment September 3, 2024 - IBank has announced its first investment from the Climate Catalyst Revolving Loan Fund. The program was designed to jumpstart critical climate solutions by offering flexible, low-cost credit and credit support to public and private sector applicants...
Governor Newsom, state and federal leaders celebrate launch of California’s first-in-the-nation hydrogen hub August 30, 2024 - California is the first state to officially launch one of the country’s seven hydrogen hubs – the next chapter of California’s climate leadership and a key part of the Governor’s build more, faster agenda deploying clean infrastructure and good jobs across the state.
California launches world-leading Hydrogen Hub July 18, 2024 - The U.S. Department of Energy (DOE) and ARCHES announced the official signing of a landmark $12.6 billion agreement to build a clean, renewable Hydrogen Hub in California, including the up to $1.2 billion in federal funding that was announced last year when California was selected as a national hub....
California Invests $27 Million in Innovative, First-in-the-Nation Port Data System Development July 11, 2024 - The California Governor's Office of Business and Economic Development (GO-Biz) today announced the award of $27 million to support data system development and interoperability across California's five containerized ports, the first-ever state-level funding in the country focused on improving data functionality across a statewide network of ports....
GO-Biz International Participates in Annual Series of Foreign Investment Attraction Events July 10, 2024 - The GO-Biz International Affairs and Trade team recently participated in a series of high-level initiatives across the state and country focused on highlighting opportunities in California for expanding international businesses...
Supporting California’s Rural Communities: $2.3 Million in Grants to Further Expand Immigrant Integration in Rural Regions June 28, 2024 - GO-Biz has awarded more than $2.3 million to ten local governments under the state’s second round of the Local Immigrant Integration and Inclusion Grant (LIIIG) program. This follows last year’s awarding of $6.1 million to twelve local governments...
California’s Economic Growth Continues: Latest Round of State Awards to Generate $67.4 Million in New Investments June 14, 2024 - This latest round of California Competes Tax Credit awards will continue to support the business community across California, bringing family-supporting jobs and investment...
California’s Investment Boom: New Round of State Funding to Generate $15.5 Billion in New Investments, 2,100 New Jobs April 26, 2024 - As part of the California Jobs First initiative, Governor Gavin Newsom today announced that the state has awarded $120 million in tax credits to eight innovative companies. It will generate more than 2,100 full-time jobs...
California Continues Stable Economic Growth, Adds More Than 28,000 New Jobs April 19, 2024 - SACRAMENTO – In a return to pre-pandemic norms of stable job growth, California added 28,300 new jobs in March – the state’s seventh job gain in the last eight months. Seven of California’s major industry sectors gained jobs in March, while the unemployment rate remained unchanged.....
12 Productions Projected to Bring in More Than $1.1 Billion to California’s Economy, Employ 4,500 Cast and Crew April 8, 2024 - HOLLYWOOD, Calif. (April 8, 2024) – Today, the California Film Commission (CFC) announced $152 million in tax credits for 12 television projects – one relocating series, three recurring television series, and eight new television series – as a part of its Film and Television Tax Credit Program, including one of the largest relocating series in the history of the program....
California Jobs First: State Launches First-of-its-Kind Council to Create Thousands of More Jobs Across All Regions March 11, 2024 - Governor Newsom today announced the creation of a new state council focused on creating jobs and the awarding of $182 million in grants to jumpstart the Governor’s Regional Investment Initiative to accelerate economic and workforce projects throughout the state.....
California’s Film & Television Tax Credit Program Attracts Biggest Blockbuster in Program History, Adding $166 Million to State’s Economy February 26, 2024 - Hollywood, Calif. – February 26, 2024 – The California Film Commission (CFC) is proud to announce a significant boost to California’s entertainment industry economy with the addition of five big-budget projects and ten independent films into Film and Television Tax Credit Program.....
IBank Announces Additional Funding to Support Its Expanding Venture Capital Access Program December 4, 2023 - SACRAMENTO (December 4, 2023) — Today, the state of California’s Infrastructure and Economic Development Bank (IBank) announced a new state supplement fund designed to increase effectiveness of its Expanding Venture Capital Access program.....
California Invests $149 Million in Cutting-Edge Companies, Creating Nearly 6,000 Jobs November 17, 2023 - SACRAMENTO – Governor Gavin Newsom today announced that California has awarded more than $149 million in grants and tax credits to 12 innovative companies, creating nearly 6,000 full-time jobs and bringing in an estimated $1.3 billion in private investment over the next five years...
California Awarded Up to $1.2 Billion to Advance Hydrogen Roadmap and Meet Climate and Clean Energy Goals October 13, 2023 - California – Today, in a historic announcement, California has been awarded up to $1.2 billion from the United States Department of Energy (DOE) to build and expand projects focused on clean energy and creating green jobs with the ultimate goal of achieving a net-zero carbon economy by 2045....
California’s Minority-Owned Small Businesses Contribute $192.8 Billion in Economic Output and Support Over 2.5 Million Jobs Annually, New Report Shows October 10, 2023 - WHAT YOU NEED TO KNOW: The first “State of Diverse Small Businesses in California” report details the statewide impact of minority-owned small business, noting that, annually, they contribute $192.8 billion in economic output....