Business News

GO-Biz News Brief (March 12, 2015)
3/12/2015 2:17:00 PM
A Cross Section of News from the Previous Week: (Bloomberg View) Best State for Business? Yes, California: There are plenty of reasons to presume that California must be a bad place to do business. Why then does the market, where buyers and sellers determine relative value, show otherwise? California-based companies surpass their competitors in the U.S. by most measures of performance favored by investors. California companies in the S&P 500 delivered returns of 134 percent; the closest big-state challenger was Florida, whose S&P companies had an 82 percent return, according to data compiled by Bloomberg. Companies domiciled in California also outperformed the S&P 500 during the past four years by a margin of 23 percent. ...Read More
GO-Biz Receives 253 Applications from Businesses Seeking California Competes Tax Credit to Add Jobs
2/6/2015 12:06:00 PM
Sacramento, Calif. – Building on the state’s effort to help businesses expand and create new jobs, the Governor’s Office of Business and Economic Development (GO-Biz) today announced that it received a total of 253 applications with a combined tax credit request of $289 million for the most recent California Competes Tax Credit application period which closed on February 2, 2015. ...Read More
California Competes Committee Approves $31 Million in Tax Credits for 56 Companies Adding Jobs in CA
1/16/2015 1:42:00 PM
Sacramento, Calif. – Building upon the state’s efforts to bolster the economy, the Governor’s Office of Business and Economic Development (GO-Biz) today announced that the California Competes Tax Credit (CCTC) committee approved approximately $31 million in tax credits for 56 companies expanding and creating jobs in California. The awards approved by the Committee are projected to help these companies create roughly 4,900 jobs and generate over $900 million in investments across California. ...Read More
Governor Brown Proposes 2015-16 State Budget
1/9/2015 2:00:00 PM
SACRAMENTO – Governor Edmund G. Brown Jr. today proposed a carefully balanced budget that injects billions of dollars more into schools and health care coverage, holds college tuition flat and delivers on Propositions 1 and 2 by investing in long overdue water projects and saving money, while continuing to chip away at the state’s other long-term liabilities – debt, infrastructure, retiree health care and climate change. ...Read More



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