GO-Biz Archives - California Globe

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,...

Refunding the ‘Cal Competes Tax Credit’ through Senate Bill 313

February 5, 2021 1:27 pmFebruary 5, 2021 1:40 pm

On February 4, Senator Maria Elena Durazo (D-Los Angeles) introduced Senate Bill 313, which would allow the refund to taxpayers of their California Competes tax credits if specified conditions are met. The bill would amend Revenue and Taxation Code Sections...

Governor Newsom Issues New Executive Orders: Zero Emission Vehicles, COVID

September 24, 2020 6:26 amSeptember 24, 2020 6:36 am

Governor Gavin Newsom issued two Executive Orders (EO) on September 23. Both are detailed with important guidance to the California business community. The following summarizes the two EOs. Governor Executive Order 79-20 Governor Newsom issued his Executive Order N-79-20. It...

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...