Press Release Archives
- California Selected as Headquarters for the National Semiconductor Technology Center November 1, 2024 - Sacramento, CA – California has been selected as the headquarters for the new National Semiconductor Technology Center, the U.S. Department of Commerce (Commerce) and Natcast, announced today. The NSTC Administrative and Design Facility (ADF) will be the first of three CHIPS for America research and design (R&D) facilities ....
- Governor Newsom Announces Proposal to Expand California Film Commission’s Tax Credit Program for Film and TV Production October 27, 2024 - HOLLYWOOD, Calif. (Oct. 27, 2024) – Governor Gavin Newsom today proposed expanding California’s Film & Television Tax Credit Program from the current $330 million annual allocation to $750 million annually. The massive increase to the program, which is administered by the California Film Commission (CFC), would allow California ....
- IBank Board Approves $26 Million Loan to Help City of Santa Cruz Finance Critical Wastewater Improvement Projects October 3, 2024 - IBank board of directors approved $26 million in loan financing for the city of Santa Cruz for two wastewater system improvement projects that will replace and upgrade decades-old equipment — preventing costly repairs, protecting pipelines from corrosion, improving water quality...
- California IBank Invests $25 Million in Critical Climate Solutions, Marking First Climate Catalyst Revolving Loan Fund Commitment September 3, 2024
- Governor Newsom, state and federal leaders celebrate launch of California’s first-in-the-nation hydrogen hub August 30, 2024 - California is the first state to officially launch one of the country’s seven hydrogen hubs – the next chapter of California’s climate leadership and a key part of the Governor’s build more, faster agenda deploying clean infrastructure and good jobs across the state.
- California launches world-leading Hydrogen Hub July 18, 2024 - The U.S. Department of Energy (DOE) and ARCHES announced the official signing of a landmark $12.6 billion agreement to build a clean, renewable Hydrogen Hub in California, including the up to $1.2 billion in federal funding that was announced last year when California was selected as a national hub.
- California Invests $27 Million in Innovative, First-in-the-Nation Port Data System Development July 11, 2024 - 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 state-level funding in the country focused on improving data functionality across a statewide network of ports.
- GO-Biz International Participates in Annual Series of Foreign Investment Attraction Events July 10, 2024 - The GO-Biz International Affairs and Trade team recently participated in a series of high-level initiatives across the state and country focused on highlighting opportunities in California for expanding international businesses...
- Supporting California’s Rural Communities: $2.3 Million in Grants to Further Expand Immigrant Integration in Rural Regions June 28, 2024 - 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 follows last year’s awarding of $6.1 million to twelve local governments...
- California’s Economic Growth Continues: Latest Round of State Awards to Generate $67.4 Million in New Investments June 14, 2024 - This latest round of California Competes Tax Credit awards will continue to support the business community across California, bringing family-supporting jobs and investment...
- California’s Investment Boom: New Round of State Funding to Generate $15.5 Billion in New Investments, 2,100 New Jobs April 26, 2024 - As part of the California Jobs First initiative, Governor Gavin Newsom today announced that the state has awarded $120 million in tax credits to eight innovative companies. It will generate more than 2,100 full-time jobs...
- California Continues Stable Economic Growth, Adds More Than 28,000 New Jobs April 19, 2024 - 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.....
- 12 Productions Projected to Bring in More Than $1.1 Billion to California’s Economy, Employ 4,500 Cast and Crew April 8, 2024 - 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....
- California Jobs First: State Launches First-of-its-Kind Council to Create Thousands of More Jobs Across All Regions March 11, 2024 - 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.....
- California’s Film & Television Tax Credit Program Attracts Biggest Blockbuster in Program History, Adding $166 Million to State’s Economy February 26, 2024 - 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.....
- IBank Announces Additional Funding to Support Its Expanding Venture Capital Access Program December 4, 2023 - 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.....