GO-Biz statement on the Governor’s final State-of-the-State Address.
Sacramento, Calif. – “Today, Governor Brown’s State of the State Address detailed California’s record of accomplishments during the last seven years, laid out an ambitious agenda for this year and offered a roadmap for California’s continued success in the years to come.
As the sixth largest economy in the world and the world’s capital to industries ranging from biotech and clean energy to new, cutting technologies that are still in the concept and research stage, the Governor’s initiatives provide a framework for California’s next generation innovation economy.
No surprise, the Governor continued to set milestones for us to reach including a goal of putting five million zero emission vehicles on the road by 2030. I know California’s companies are ready to meet the challenge. Already, GO-Biz has worked with companies such as Proterra, BYD and Tesla to establish and grow zero emission vehicle manufacturing in California and our office leads the state’s efforts to expand the number of recharging stations that will move people wherever they are going. Moreover, establishing policies to create a cleaner environment incentivizes the development and commercialization of emerging clean technologies in California. GO-Biz has worked with companies building solar panels to wind turbines, recycling and re-using waste and manufacturing goods using advanced technologies and equipment that reduce energy consumption to receive incentives and resources to expand production and create jobs.
In addition, the Governor’s proposal to expand workforce readiness opportunities aligns with one of the top priorities of any business which is to locate near an available and skilled workforce. GO-Biz will work with our education partners to ensure we match employer skill needs with the training Californians receive.
Finally, building off the Governor’s remarks, his proposed 2018-2019 budget includes the extension of the California Competes Tax Credit. To date, 865 companies from throughout California have been awarded tax credits and these businesses are projected to create 83,414 new jobs and invest $15.7 billion in California. The proposal also includes new resources to support entrepreneurs and small businesses in addition to expanding the New Employment Credit for businesses that hire individuals with barriers to employment.
The Governor’s State of the State address and budget proposal will continue to support business attraction, expansion and job creation in California for years to come.”
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit, www.business.ca.gov.
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