California Continues Stable Economic Growth, Adds More Than 28,000 New Jobs SACRAMENTO – In a return to pre-pandemic norms of stable job growth, California added 28,300 new jobs in March – the state’s seventh job gain in the last eight months. Seven of California’s major industry sectors gained jobs in March, while the unemployment rate remained unchanged. March 2024 by the Numbers: California added 28,300 jobs in March – the state’s seventh job gain in the last eight months. Seven of California’s major industries added jobs in March, led by the private education and health servic ..read more

12 Productions Projected to Bring in More Than $1.1 Billion to California’s Economy, Employ 4,500 Cast and Crew ​Amazon MGM Studios’ “Fallout” Among Largest Relocating Series   HOLLYWOOD, Calif. (April 8, 2024) – Today, the California Film Commission (CFC) announced $152 million in tax credits for 12 television projects – one relocating series, three recurring television series, and eight new television series – as a part of its Film and Television Tax Credit Program, including one of the largest relocating series in the history of the program. These 12 projects will spend ..read more

California Jobs First: State Launches First-of-its-Kind Council to Create Thousands of More Jobs Across All Regions WHAT YOU NEED TO KNOW: Governor Newsom today announced the creation of a new state council focused on creating jobs and the awarding of $182 million in grants to jumpstart the Governor’s Regional Investment Initiative to accelerate economic and workforce projects throughout the state. SACRAMENTO – Governor Gavin Newsom today announced the creation of the California Jobs First Council and operational plan focused on streamlining the state’s economic and workforce developme ..read more

California’s Film & Television Tax Credit Program Attracts Biggest Blockbuster in Program History, Adding $166 Million to State’s Economy ​15 Selected Productions Projected to Bring in More Than $400 Million to California’s Economy and Employ Nearly 20,000 Cast, Crew and Background Performers Hollywood, Calif. – February 26, 2024 – The California Film Commission (CFC) is proud to announce a significant boost to California’s entertainment industry economy with the addition of five big-budget projects and ten independent films into Film and Television Tax Credit Program. These fifteen ..read more

​IBank Announces Additional Funding to Support Its Expanding Venture Capital Access Program State adds up to $50 million to increase new VC program’s reach and effectiveness   SACRAMENTO (December 4, 2023) — Today, the state of California’s Infrastructure and Economic Development Bank (IBank) announced a new state supplement fund designed to increase effectiveness of its Expanding Venture Capital Access program. Launched in 2022, the program was designed to create a more inclusive VC ecosystem by supporting underrepresented fund managers and entrepreneurs. The program is funded by $200 m ..read more

California Invests $149 Million in Cutting-Edge Companies, Creating Nearly 6,000 Jobs This latest round of CalCompetes grants and tax credits awarded to 12 companies is projected to bring in almost $1.3 billion of private investment and create nearly 6,000 jobs with an average salary of $118,700 In total, CalCompetes has awarded grants and tax credits to more than 1,200 businesses, creating nearly 165,000 jobs SACRAMENTO – Governor Gavin Newsom today announced that California has awarded more than $149 million in grants and tax credits to 12 innovative companies, creating nearly 6,000 full ..read more

California Awarded Up to $1.2 Billion to Advance Hydrogen Roadmap and Meet Climate and Clean Energy Goals Statewide clean hydrogen hub expected to generate nearly $3 billion per year in health care cost savings and create over 220,000 new green jobs California – Today, in a historic announcement, California has been awarded up to $1.2 billion from the United States Department of Energy (DOE) to build and expand projects focused on clean energy and creating green jobs with the ultimate goal of achieving a net-zero carbon economy by 2045. California is one of seven awardees ..read more

California’s Minority-Owned Small Businesses Contribute $192.8 Billion in Economic Output and Support Over 2.5 Million Jobs Annually, New Report Shows ​WHAT YOU NEED TO KNOW: The first “State of Diverse Small Businesses in California” report details the statewide impact of minority-owned small business, noting that, annually, they contribute $192.8 billion in economic output – more than the annual GDP of 18 US States, generate $28.7 million in tax revenue, and support 2.56 million jobs. SACRAMENTO, CA (October 10, 2023) – The California Office of the Small Business Advocate (CalOSBA) recentl ..read more

Redflow Country/Region From: Australia​ Industry: Renewable Energy Redflow is an energy storage solutions provider that is advancing the renewable energy transition by producing batteries that are fully recyclable and manufactured from widely available, low-toxicity materials. Their energy storage technology is scalable, from tens of kilowatt hours to hundreds of megawatt hours, and can operate without additional cooling or heating and with no degradation from 59 degrees Fahrenheit to 113 degrees Fahrenheit. Redflow expanded into California following receipt of a California Energy Commissio ..read more

GO-Biz Announces First-Ever Grants to Help Immigrants Succeed in Their Communities Sacramento, CA – The Governor’s Office of Business and Economic Development (GO-Biz) distributed the state’s first-ever Local Immigrant Integration and Inclusion Grant (LIIIG) allocations, with over $6 million to twelve local governments across California (see table below for details). This program provides funding for local governments to bolster efforts focused on helping immigrant families thrive and contribute – increasing community trust and enhancing the ability of local governments t ..read more