economic development Archives

Calif. Economic Development Budget Trailer Bill Establishes ‘California Competes Grant Program’

July 13, 2021 2:30 pmJuly 13, 2021 2:43 pm

The Legislature passed and Governor Newsom signed on July 12 Senate Bill 151 (Budget and Fiscal Review Committee) [Chapter 74], which is the economic development budget trailer bill. The bill amends Sections 12099.1, 12099.2, 12099.3, 12099.4, 10299.5, 12099.6, 12099.7, 12100.61,...

California’s Infrastructure Bank

July 30, 2020 6:23 amJuly 30, 2020 6:28 am

In 1994, California created an Infrastructure Bank (IBank) in state government. It is found in the California Government Code Title 6.7, Division 1, Chapter 1. The formal name of the IBank is The Bergeson-Peace Infrastructure and Economic Development Bank (Section...