The State of California
GOVERNOR JERRY BROWN
The State of California is governed by Edmund G Brown Jr. California is the sixth largest economy in the world, and the world’s capital to industries including clean energy, biotech, and new cutting edge technology still in the conceptual and research and development phases. California is the third largest
state in the US and the geography is incredibly diverse. Everything you could want, from beaches
to the mountains to the desert is all right here.
The Governor’s offi ce is dedicated to supporting business attraction, expansion, and job creation in
California for years to come. Governor’s Offi ce of
Business and Economic Developments (GO-Biz) main areas of concentration include:
California’s IBank (Infrastructure and Economic Development Bank), California Film Commission, California Commission of Travel and Tourism, and the CA Competes Tax Credit.
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California, or stay and grow in CA. Tax credit agreements are negotiated by GO-Biz and are approved by a statutorily created committee consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-
Biz, and one appointee each by the Speaker of the
Assembly and Senate Committee on Rules. The state is establishing policies to create a cleaner
environment, which gives incentives to companies
for the development and commercialization of emerging clean technologies in California.
The Governor’s offi ce has set the goal of fi ve million zero emissions vehicles on the road by 2030, and
they are working with companies like Tesla to establish zero emission vehicles manufacturing in
California. California’s (GO-Biz) has worked with companies building solar panels to wind turbines,
recycling and re-using waste and manufacturing goods using advanced technologies and equipment that reduce energy consumption, giving these companies resources and incentives to expand production and create new jobs.
The Governor’s proposal to expand workforce readiness opportunities aligns with the top priorities of businesses, which is to locate near an available and skilled workforce - matching employers skill needs with the training that Californians receive. Businesses in California have access to a highly skilled workforce, thanks to the state’s world-class
universities, community colleges, and workforce training providers. The state offers incentives to encourage hiring including the California Competes Tax Credit, the New Employment Credit and the Employment Training Panel.
California is extending its California Competes Tax
Credit in the 2018-2019 proposed budget. To date, nearly 900 businesses have been awarded tax credits throughout the state and are projected to create over 80,000 new jobs and invest nearly $16 billion in California. According to the California’s Governor’s Offi ce of Business and Economic Development the proposal also includes new resources to support entrepreneurs and small businesses in addition
to expanding the New Employment Credit for businesses that hire individuals with barriers to employment.
California is a leading destination state for foreign
direct investment. The state has one of the largest
concentrations of international banks, foreign consulates, and bi-national chambers of commerce in the United States. The GO-Biz California Business Investment Services (CalBis) unit helps enterprises and entrepreneurs seeking locations for new
business establishment or expansion. Services include site selection and logistical assistance; demographic, wage, tax and utility cost data; quality of life facts for your workers, their family and your
business; networking with local government offi cials and private businesses.
The California Centers for International Trade Development (CITD) invests in economic growth and global competitiveness through industry-
specific education, training, and services that contribute to a highly skilled and productive workforce. They promote the states international
trade and competitiveness, assist exporters and importers, and advance economic and job growth,
help colleges become more globalized, and help California businesses to expand internationally.