California Governor’s Office of Business and Economic Development Press Releases

• Published on September 3, 2024 - 16:34 GMT

  California IBank Invests $25 Million in Critical Climate Solutions, Marking First Climate Catalyst Revolving Loan Fund Commitment

  Investment in the California Wildfire Innovation Fund will reduce wildfire risk through restoring California forests, improving forest health, and putting new biomass technologies to work. SACRAMENTO (September 3, 2024) — The state of California’s …

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• Published on August 30, 2024 - 22:53 GMT

  Governor Newsom, state and federal leaders celebrate launch of California’s first-in-the-nation hydrogen hub

  “California has led the nation with ambitious, innovative goals to combat the climate crisis, and today, we’re showcasing the promise of California’s renewable hydrogen-powered future,” said Senator Alex Padilla (D-Calif.). “From the ports, to our state’s …

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• Published on July 18, 2024 - 19:21 GMT

  California launches world-leading Hydrogen Hub

  Just last week, California led the nation in multiple hydrogen-powered transportation innovations, with the world’s first entirely hydrogen-powered ferry in San Francisco Bay and a successful 523-mile hydrogen-electric flight. Awardee Fact Sheet    Why it’ …

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• Published on July 11, 2024 - 16:35 GMT

  California Invests $27 Million in Innovative, First-in-the-Nation Port Data System Development

  SACRAMENTO CA – The California Governor’s Office of Business and Economic Development (GO-Biz) today announced the award of $27 million to support data system development and interoperability across California’s five containerized ports, the first-ever …

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• Published on July 10, 2024 - 18:18 GMT

  GO-Biz International Participates in Annual Series of Foreign Investment Attraction Events

  GO-Biz International Affairs and Trade Team continues effort to market California to international businesses, including at the 10th annual SelectUSA Investment Summit in Washington, D.C. Sacramento, CA – The GO-Biz International Affairs and Trade team …

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• Published on June 28, 2024 - 20:07 GMT

  Supporting California’s Rural Communities: $2.3 Million in Grants to Further Expand Immigrant Integration in Rural Regions

  SACRAMENTO, CA – The Governor’s Office of Business and Economic Development (GO-Biz) has awarded more than $2.3 million to ten local governments under the state’s second round of the Local Immigrant Integration and Inclusion Grant (LIIIG) program. This …

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• Published on June 14, 2024 - 15:27 GMT

  California’s Economic Growth Continues: Latest Round of State Awards to Generate $67.4 Million in New Investments

  WHAT YOU NEED TO KNOW: As part of the continued effort of the California Jobs First initiative, the state is investing $17.5 million in innovative companies to bolster the economy and create more than 630 new jobs across California. SACRAMENTO – This …

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• Published on April 26, 2024 - 21:17 GMT

  California’s Investment Boom: New Round of State Funding to Generate $15.5 Billion in New Investments, 2,100 New Jobs

  WHAT YOU NEED TO KNOW: From building a sustainable lithium production campus to constructing California’s first steel mill in over 50 years, the state is investing $120 million in innovative businesses and creating thousands of new jobs. SACRAMENTO – As …

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• Published on April 8, 2024 - 17:26 GMT

  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 …

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• Published on March 11, 2024 - 22:39 GMT

  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 …

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• Published on February 26, 2024 - 18:58 GMT

  California’s Film & Television Tax Credit Program Attracts Biggest Blockbuster in Program History, Adding $166 Million to State’s ...

  ​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 …

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• Published on December 4, 2023 - 23:17 GMT

  ​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 …

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• Published on November 17, 2023 - 19:32 GMT

  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 …

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• Published on October 13, 2023 - 14:47 GMT

  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 …

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• Published on October 10, 2023 - 20:31 GMT

  California’s Minority-Owned Small Businesses Contribute $192.8 Billion in Economic Output and Support Over 2.5 Million Jobs ...

  ​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 …

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• Published on October 2, 2023 - 18:31 GMT

  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- …

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• Published on September 8, 2023 - 21:53 GMT

  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 …

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• Published on September 6, 2023 - 17:36 GMT

  U.S. SBA Names California as 2023 State Trade Expansion Program Awardee

  Sacramento, CA – The U.S. Small Business Administration (SBA) announced that a grant totaling $700,000 has been awarded to the Governor’s Office of Business and Economic Development (GO-Biz) as part of the State Trade Expansion Program (STEP). STEP is a …

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• Published on September 1, 2023 - 18:03 GMT

  CalOSBA Opens Round 1 of California Small Agricultural Business Drought and Flood Relief Grant Program

  State funding supports small agricultural business impacted by severe drought and flood conditions   Sacramento, CA (August 31, 2023) – The first round of applications for the California Small Agricultural Business Drought and Flood Relief Grant Program  …

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• Published on August 8, 2023 - 20:02 GMT

  CalOSBA Awarded $25.3 million from Biden-Harris Administration to Support Small Businesses and Entrepreneurs across California

  The United States Department of Treasury’s State Small Business Credit Initiative Program will  expand technical assistance to California’s underserved entrepreneurs and small business owners.   SACRAMENTO, CA – Last week, the California Office of Small …

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