Governor’s Office of Business and Economic Development Archives

More Businesses Leaving California In 2021 Than In Any Other Year Prior According To New Analysis

August 30, 2021 3:26 pmSeptember 1, 2021 11:40 am

A new analysis recently released by the Hoover Institution of Stanford University found that the number of businesses leaving California in 2021 has significantly picked up compared to the previous three years. According to the analysis, California has seen 265...

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...

Former WH Press Secretary Dee Dee Myers Named Newsom’s Chief Economic Adviser

December 14, 2020 2:54 pmDecember 14, 2020 5:13 pm

During the weekend, former White House Press Secretary Dee Dee Myers was named by Governor Gavin Newsom as his new Chief Economic and Business Adviser and as director of the Governor’s Office of Business and Economic Development. Myers began her...

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...

California and International Relations

July 25, 2020 8:03 amJuly 25, 2020 8:04 am

In California’s Government Code, there is Title 20, which covers International Relations, contained in Sections 99500 through 99524. Chapter 1 covers General Provisions and Chapter 2 covers California-Mexico Border Relations Council. Chapter 1 provides general provisions. Section 99500 states that...