SACRAMENTO—Building upon California's nation leading job creation, the Governor's Office of Business and Economic Development recently revealed that the California Competes Tax Credit committee approved $49.8 million in tax credits for 63 companies expanding and creating jobs in California. The awards will help the companies involved create a projected 11,340 jobs and generate more than $3.4 billion in investment across California.
Some of the involved companies include California Commercia Solar Inc., Environmental Systems Research Institute Inc., and QSC Holdings Inc., to name just a few.
“The California Competes tax credit continues to encourage companies to invest and create high quality jobs in California,” says committee chair Mike Rossi. “While other states are scrambling to piece together unsustainable incentives, California has diversified its portfolio of targeted economic development tools and is seeing increased job creation as a result.”
Rossi, senior jobs advisor to Governor Brown, convened the committee meeting at the Sacramento City Hall which includes Treasurer John Chiang, director of the Department of Finance Michael Cohen, Senate appointee Denise Zapata and Assembly appointee Madeline Janis.
"The $50 million in tax credits being awarded today will aid business expansion and, importantly, grow middle-class jobs," says Chiang. "With the state's economy continuing to heat up, this funding will enable even more economic growth in communities throughout California."
The California Competes Tax Credit was created by Governor Brown and is focused on helping businesses grow and stay in California. This fiscal year, GO-Biz has allocated approximately $150 million to 212 companies that are projected to create over 29,400 jobs and make over $7.1 billion in investments. The complete list of approved companies and award amounts can be found here.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
