Press Release Archives
- 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....
- GO-Biz Announces First-Ever Grants to Help Immigrants Succeed in Their Communities September 8, 2023 - Sacramento, CA – The Governor's Office of Business and Economic Development (GO-Biz) distributed the state’s first-ever Local Immigrant Integration and Inclusion Grant (LIIIG) allocations, with over $6 million to twelve local governments across California (see table below for details). This program....
- U.S. SBA Names California as 2023 State Trade Expansion Program Awardee September 6, 2023 - Sacramento, CA – The U.S. Small Business Administration (SBA) announced that a grant totaling $700,000 has been awarded to the Governor’s Office of Business and Economic Development (GO-Biz) as part of the State Trade Expansion Program (STEP). STEP is a federally funded grant program that aims to increase....
- CalOSBA Opens Round 1 of California Small Agricultural Business Drought and Flood Relief Grant Program September 1, 2023 - Sacramento, CA (August 31, 2023) – The first round of applications for the California Small Agricultural Business Drought and Flood Relief Grant Program opens today, and will ultimately award up to $95 million in drought and flood relief grants to eligible small....
- CalOSBA Awarded $25.3 million from Biden-Harris Administration to Support Small Businesses and Entrepreneurs across California August 8, 2023 - SACRAMENTO, CA – Last week, the California Office of Small Business Advocate (CalOSBA), an arm of the Governor’s Office of Business and Economic Development (GO-Biz), was awarded the State Small Business Credit Initiative Technical Assistance (SSBCI TA....
- CalOSBA Invests $25 Million for Launch of Nation’s First Statewide Program to Support Employment Social Enterprises July 17, 2023 - SACRAMENTO, CA (July 17, 2023) —CalOSBA has selected its partners to build a first-of-its-kind program designed to accelerate economic inclusion by investing in the power of employment social enterprises (ESEs). CA RISE (California Regional Initiative for Social Enterprise) will help ESEs statewide improve their business stability and advance the economic mobility....
- 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 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...
- GO-Biz Concludes Summer Series of Foreign Investment Attraction Events May 23, 2023 - The GO-Biz International Affairs and Trade team recently concluded three weeks of initiatives focused on highlighting opportunities in California to international businesses...
