Business News Archive

'Big Three' Credit Agencies Upgrade State Infrastructure Bank Credit Rating AAA
1/16/2014 4:09:00 PM
Executive director of the California Infrastructure and Economic Development Bank (I-Bank) Teveia Barnes today announced that the ‘Big Three’ credit rating agencies – Standard and Poor’s (S&P), Fitch and Moody’s – have all awarded top ratings to the I-Bank’s approximately $97 million series 2014A infrastructure state revolving fund (ISRF) bonds, which are expected to be sold next week.  The I-Bank’s ISRF Program provides loans to finance a wide range of infrastructure and economic expansion projects to local governments other eligible borrowers. ...Read More
State Small Business Loan Program Receives Additional $27 Million from U.S. Treasury
1/15/2014 4:01:00 PM
Executive Director of the California Infrastructure and Economic Development Bank (I-Bank) Teveia Barnes announced today that the U.S. Department of Treasury has authorized an additional $27 million in federal funding for the California Small Business Loan Guarantee Program (SBLGP) to provide loans to small business owners and entrepreneurs. ...Read More
GO-Biz Director to Hold Media Availability at CA Competes Workshop in Glendale, CA
12/18/2013 3:26:00 PM
Director of the Governor’s Office of Business and Economic Development (GO-Biz) Kish Rajan will hold media availability at tomorrow’s public workshop in Glendale, CA. The workshop is designed to solicit input on the draft regulations for the California Competes Tax Credit program, an income tax credit available to businesses that want to expand, relocate or stay and grow in California. At the workshops, GO-Biz will provide an overview of the enacting legislation, discuss the draft regulations and welcome feedback from the community. Director Rajan will discuss the CA Competes program and the impact of California’s revamped approach to economic development. Additional detail can be found here. ...Read More
GO-Biz Deputy Director Wins 2013 "Champion of Innovation" Award from North State Innovation Group
12/4/2013 3:44:00 PM
GO-Biz Deputy Director for Innovation and Entrepreneruship Louis Stewart was awarded the 2013 "Champion of Innovation" award at the Innovate North State Awards ceremony. North State region gathered to celebrate the coveted 2013 Innovation Awards with the theme A SALUTE TO GAME CHANGING INNOVATION – because it takes unconventional thinking, keen vision and dedicated execution to create life-changing innovative solutions. According to Managing Director Jon Gregory, “nominees and award recipients are from game-changing companies ranging in size from the earliest stage start-ups to the largest corporations in the region, along with representatives from government and education who are focused on fostering an environment conducive to innovation.” ...Read More
Governor Brown Supports "Small Business Saturday" on November 30th
11/25/2013 4:06:00 PM
Governor Edmund G. Brown Jr. today issued a letter in support of the upcoming “Small Business Saturday” on November 30th. “Small businesses embody the entrepreneurial spirit that has driven the economy of our Golden State,” said Governor Brown in his letter. “Over half of our private sector workforce is employed by small business. On Saturday, November 30th, I urge all Californians to support small businesses and merchants on Small Business Saturday and throughout the year.” California has 3.4 million small businesses which account for 99 percent of the state's employers and employ 52 percent of the workforce. The complete text of the letter can be found here. ...Read More
GO-Biz Attending the 2013 LA Auto Show
11/20/2013 4:15:00 PM
Governor Brown's Senior Advisor on jobs and business development Mike Rossi and Director of the Governor’s Office of Business and Economic Development (GO-Biz) Kish Rajan will join automotive industry executives for a tour of the 2013 Los Angeles Auto Show. Officials will discuss the importance of zero emission vehicles and the recent expansion of several automotive companies in California. ...Read More
GO-Biz Leading Advanced Manufacturing Discussion at National Governors Association Summit
11/14/2013 4:44:00 PM
Building on efforts to bolster California’s advanced manufacturing industry, deputy director for innovation and entrepreneurship Louis Stewart is representing the state at the National Governors Association sponsored ‘Economic Advisors’ summit in Chicago on November 14th and 15th. Stewart is presenting case studies on California’s advanced manufacturing industry and discussing AB 250 which was signed by Governor Brown and establishes the largest network of state sponsored Innovation Hubs (i-Hubs) in the nation. “California is without question the national leader in manufacturing with over $230 billion in annual economic output,” said deputy director Louis Stewart. “The state took bold action this year to bolster the industry, convening the first ever California Advanced Manufacturing Summit and enacting a sales and use tax exemption for manufacturing equipment."

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GO-Biz Leads Statewide Coalition to Pres. Obama's SelectUSA Investment Summit in D.C.
10/30/2013 11:40:00 AM
Sacramento, Calif. – California Deputy Director for International Affairs and Business Development Brian Peck announced today that GO-Biz will lead a statewide coalition of business groups to the ‘SelectUSA Investment Summit,’ hosted by the U.S. Department of Commerce in Washington D.C. on Thursday, October 31st and Friday, November 1st. “The Select USA investment summit provides an important venue for California to promote our world-leading international trade capabilities and investment opportunities,” said Deputy Director Brian Peck. “For the first time, California is sending a statewide coalition – led by GO-Biz – to meet with foreign investors and expand the number of trade and investment opportunities coming to the state.” President Obama Scheduled to Deliver Remarks Along with Commerce Secretary Penny Pritzker, Secretary of the Treasury Jack Lew and Secretary of State John Kerry. ...Read More
GO-Biz October Newsletter from Communcations and External Affairs
10/23/2013 2:39:00 PM
The monthly GO-Biz newsletter is developed by the Communications and External Affairs units to inform our stakeholders on recent developments, positive news and updates on the California economy. All material is available for redistribution. The October Newsletter includes details on a new Hydrogen Automotive partnership, a snapshot of our Deputy Director's recent trade mission to China, Japan and Korea, the announcement of four new Innovation Hubs and the most recent 'California Economy by the Numbers.' ...Read More
California Hires New Director for CA-China Trade Office in Shanghai - Diane Long
10/23/2013 10:59:00 AM
SHANGHAI, CHINA – Positioning California to attract a growing share of China’s massive foreign investment pool and bolstering California-China trade, Governor Edmund G. Brown Jr., the Bay Area Council and the Governor’s Office of Business and Economic Development (GO-Biz) today announced the hiring of Diane Long as the Executive Director of the new California-China Office of Trade and Investment. “California’s office in China is part of a broad effort to increase the state's bi-lateral trade and investment globally,” said GO-Biz Director Kish Rajan. “We are excited that Diane will lead our team in China, providing assistance to California companies accessing the Chinese market and likewise for Chinese investors that want to finance California projects." ...Read More

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