12 Productions Projected to Bring in More Than $1.1 Billion to California’s Economy, Employ 4,500 Cast and Crew

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 an estimated $1.1 billion in California during their upcoming season, supporting in-state local businesses and employing 2,300 crew, 2,200 cast, and 53,000 background performers – the latter measured in days worked. With filming beginning later this year, these projects will offer crucial opportunities for local workers in the industry – projecting an estimated 1,253 filming days in California, including 39 shoot days planned outside of the Los Angeles 30-Mile Studio Zone in Oxnard, Ventura, Lancaster, and San Diego County.

Leading the charge is Amazon MGM Studios’ “Fallout,” which is relocating from New York. Season 2 of “Fallout” is projected to contribute approximately $153 million in qualified expenditures and employ approximately 170 cast and crew, making it one of the relocating projects with the largest total qualified expenditures in the Film and Television Tax Credit Program’s history. Set against the backdrop of post-apocalyptic Los Angeles, this groundbreaking series is coming home for its second season, thanks to this tax credit. With the addition of “Fallout,” the Film and Television Tax Credit Program has now attracted a total of 33 relocating series from other states and nations since the program was launched in 2009. Learn more about our relocating series here.

“Our tax credit program is delivering precisely as intended: attracting and keeping productions filming in California, creating new job opportunities for our workforce, and bolstering our local economies,” said Colleen Bell, Executive Director of the California Film Commission, emphasizing the program’s effectiveness in achieving its objectives. “Additionally, we are thrilled to bring ‘Fallout’ back to its California roots. We take pride in productions choosing to pack up and relocate to our great state from other jurisdictions.”

The roster of new television series includes a wide range of projects from an iconic series franchise to captivating original content. Amazon MGM Studios’ “Untitled Task Force Series” will follow a secret task force of undercover agents, while 20th Television presents two highly anticipated projects by executive producer Ryan Murphy – “Dr. Odyssey” starring Joshua Jackson and “Grotesquerie” starring Niecy Nash. “We are thrilled to film Ryan Murphy’s ‘Grotesquerie’ for FX and ‘Dr. Odyssey’ for ABC in California,” said a 20th Television spokesperson. “It’s incredibly gratifying to keep television production jobs local in California, utilizing the world class crew available here.”

Adding to the lineup is “NCIS: Origins” from CBS Studios, offering viewers a compelling look at the early career of Special Agent Leroy Jethro Gibbs, with narration by franchise favorite Mark Harmon.

“We’ve had the immense privilege to create stories with the talented crews and individuals in California for years,” said ‘NCIS: Origins’ Executive Producers Mark Harmon, Sean Harmon, Gina Lucita Monreal, and David J. North. “With the support of the California Film Commission, we are thrilled to film ‘NCIS: Origins’ in Los Angeles, utilizing all of the fantastic resources, locations and most importantly, the talented people in this city we love and call home.”

Other new television series include two new projects by Warner Bros. Discovery – “Latitude” and “The Pitt” – and two new projects from Faith Media Distribution – “Blood Ties” and “Runaway Girl.” Showcasing California’s versatility across the four series, California is set to play Nebraska, New Jersey, North Carolina, and Pennsylvania. Max Production’s “The Pitt” is a new drama starring Noah Wyle, who will also serve as Executive Producer, delving into the challenges confronting healthcare workers in today’s America.

In addition to the influx of new projects, the Tax Credit Program continues to support three recurring series, which are estimated to spend a combined $178 million in qualified expenditures and employ a total of 1,500 cast and crew.
For the full list of ongoing television productions that are a part of the Tax Credit Program, see here.

About the California Film Commission and Tax Credit Program

The California Film Commission enhances California’s status as the leader in motion picture, television and commercial production. It supports productions of all sizes/budgets and focuses on activities that stimulate and preserve production jobs, spending and tax revenues in California. Services include administration of the state’s Film & Television Tax Credit Program, permits for filming at state-owned properties, an extensive digital location library, location assistance and a range of other production-related resources and assistance.

The Film & Television Tax Credit Program provides tax credits based on qualified expenditures for eligible productions that are produced in California. The current $1.55 billion program will run for a total of five years, with a sunset date of June 30, 2025. Governor Newsom signed Senate Bill 132 on July 10, 2023, extending the Program for another five years, through fiscal 2030-31.

Looking ahead, the next application period for television is scheduled for June 3-5, 2024, with approximately $150 million available for distribution. Meanwhile, the next film application window is slated for July 29-31, 2024, with about $80 million available for both independent and non-independent projects. Visit the California Film Commission website for more information.

 

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

Willie Rudman
Assistant Deputy Director of Communications
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California Jobs First: State Launches First-of-its-Kind Council to Create Thousands of More Jobs Across All Regions

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 development programs to create more jobs, faster. The Council and operational plan will guide the state’s investments in economic and workforce development to create more family-supporting jobs and prioritize industry sectors for future growth.

WHAT GOVERNOR NEWSOM SAID: “California has created more opportunities, more jobs, and more businesses than any other state, but we need to ensure that we’re all moving forward together. Through this new council and these investments, we’re aligning all of our economic resources to create more jobs, faster for Californians in every community.”

STATEWIDE ALIGNMENT ON TRAINING CALIFORNIANS FOR FAMILY-SUSTAINING JOBS

Co-chaired by Dee Dee Myers, Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business & Economic Development, and Stewart Knox, Secretary of Labor & Workforce Development, the California Jobs First Council will bring together various state entities, including:

  • Director of the Governor’s Office of Planning & Research: promoting alignment with General Plan guidelines and land use policies
  • Secretary of the California Natural Resources Agency: representing nature-based solutions and clean energy industries
  • Secretary of the California Department of Food and Agriculture: representing the agriculture industry
  • Secretary of the California Environmental Protection Agency: representing the circular economy
  • Secretary of the California Health & Human Services Agency: representing the healthcare industry and promoting jobs for disabled and disadvantaged workers
  • Secretary of the California Department of Veterans Affairs: representing the more than 1.6 million former service members that reside in the state
  • President of the Public Utilities Commission: representing opportunities to advance California’s clean energy workforce of the future and economic opportunities for communities

“The California Jobs First Council is another piece of the puzzle in the Governor’s pursuit of creating a California For All,” said Dee Dee Myers, Senior Advisor to Governor Newsom and Director of the Governor’s Office of Business & Economic Development. “I am looking forward to working with my colleagues to align strategic investments that further economic growth and job creation in every region of California.”

California Jobs First

The Council will coordinate the development of a statewide industrial strategy that includes a statewide economic snapshot and identification of priority sectors, a statewide projects portfolio, a business expansion, attraction, and retention strategy, and a workforce development strategy. The California Jobs First Council will also support the regional Jobs First Collaboratives to expand industry and create jobs locally.

The California Jobs First Council is an integral component of California’s broader strategy to prepare students and workers for high-paying careers. The Council will work alongside the Council for Career Education and in line with the Governor’s 2023 Executive Order that directed the creation of a Master Plan for Career Education to ensure that Californians have career pathways, develop the skills and find even more opportunities to be full beneficiaries of our state’s economy.

The Master Plan is largely aimed at aligning and simplifying the K-12, university, and workforce systems in California to support greater access to career education and jobs for all Californians. In connection with the Master Plan for Career Education, the Jobs First Operational Plan will highlight the ways in which workforce development can and should be a tool used by the State and the regional Jobs First Collaboratives to help Californians, particularly the most disinvested communities, in meeting the specific skillset needs of the State’s and our regions’ priority industry sectors.

$182 MILLION TO CREATE JOBS IN EVERY REGION OF THE STATE

In 2021, Governor Newsom launched the $600 million Regional Investment Initiative (formerly the Community Economic Resilience Fund, or CERF) to create high-quality, accessible jobs and help build resilience to the effects of climate change and other global disruptions impacting the state’s diverse regional economies. This investment has supported the creation of Jobs First Collaboratives in each of the state’s 13 economic regions, with representation from a wide variety of community partners including labor, business, local government, education, environmental justice, community organizations and more. These Collaboratives are in the process of developing roadmaps, including a strategy and recommended series of investments, for their respective regions.

Today, Governor Newsom announced that the state has awarded $14 million to each of the 13 Jobs First Collaboratives – $182 million total – to invest in sector-specific pre-development activities, enabling regions to take projects from exploratory and last-mile to ready-to-go projects that can access local, state, and federal funds, as well as private and philanthropic investments. The 13 Jobs First Collaboratives cover every region of the state: North State, Capitol, Redwood Region, Bay Area, North San Joaquin Valley, Eastern Sierra, Central San Joaquin Valley, Orange County, Los Angeles County, Kern County, Central Coast, Inland Southern California, and the Southern Border.

“California Jobs First represents a very intentional, inclusive approach to economic and workforce development,” said Stewart Knox, Secretary of the California Labor & Workforce Development Agency. “By maximizing state resources and investments, the state is empowering communities to chart their own futures in a manner that is inclusive and equitable.”

WHAT THEY’RE SAYING:

Matthew Mena, Executive Director, IEGO (Inland Empire): “The Inland Empire region is one of the fastest growing regions in the State, and we need an all of government approach to helping our partners create quality jobs and a more accessible economy. The Governor has been a partner with us on this endeavor, and we look forward to working with the Council to make that happen.”

Evan Schmidt, President & CEO, Valley Vision (Capitol): “We are at a pivotal moment in the Capitol region, and we are grateful that the Governor is bringing his team together to collaborate with our regions to make strategic investments in projects that will create the types of jobs and opportunities we want and need.”

Ashley Swearengin, President & CEO, Central Valley Community Foundation (Central San Joaquin): “Governor Newsom and his administration have been proven partners with the Central San Joaquin Valley.  This new Council and the Operation Plan proves his commitment to our communities is not letting up.”

Stephen Cheung, President & CEO, Los Angeles Economic Development Corporation (Los Angeles County): “The Governor’s commitment to the Los Angeles County region is clear. As we continue to work through the development of our regional Jobs First Strategy, it is exciting to know that this new Council will come alongside with us to implement our vision to create a more inclusive economy with quality jobs.”

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

Willie Rudman
Assistant Deputy Director of Communications
Email Willie , HERE
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California’s Film & Television Tax Credit Program Attracts Biggest Blockbuster in Program History, Adding $166 Million to State’s Economy

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 productions, spanning a diverse range of budgets and narratives, are projected to bring close to $408 million into California’s economy through qualified in-state expenditures. With an estimated 2,252 crew, 598 cast, and 16,800 background performers poised to work across a combined 579 filming days, these projects will provide a substantial boost to local employment and economic activity (see “3.0 Program Year 4 – Film Allocation #4 Conditionally Approved Projects” list below).

“The array of film projects announced today demonstrates California’s enduring attraction for storytellers. These productions, spanning big-budget features to indie films, not only infuse millions into our economy but also showcase our state’s talent and versatility,” said California Film Commission Executive Director Colleen Bell. “We’re proud to welcome these projects, highlighting California’s resilience and continued prominence in the film industry.”

Lucasfilm’s “The Mandalorian & Grogu,” directed by Jon Favreau, will have the largest total qualified expenditures in the history of the California Film and Television Tax Credit Program, marking a big win for California production and a high point for job creation. This Star Wars feature, a first for the franchise to be shot in California, is set to inject an estimated $166 million into the state’s economy through below-the-line wages and qualified expenditures (see “Tax Credit Program Big Budget Films” list below). As with all of the CFC’s film and television tax credit projects, overall spending for the project will be significantly greater than its qualified spending with the inclusion of above-the-line wages and other expenditures that do not qualify for incentives under California’s very targeted tax credit program.

“We are thrilled to be shooting the next Star Wars movie, The Mandalorian & Grogu, here in California,” said a Lucasfilm spokesperson. “Working with the California Film Commission, we are proud to be creating film jobs in California and excited to start production, utilizing the world class crew available here.”

Other notable, non-independent recipients include “Untitled Disney Live Action,” “Untitled 20th Film,” and two Amazon MGM Studios projects “The Accountant 2” and “Mercy.”

“We are thrilled to be able to shoot in Los Angeles thanks to the tax credit,” said Academy Award nominated producer Charles Roven. “We get to work with terrific talent that lives here and utilize the wonderful locations. And almost everyone gets to go home to their own bed at the end of day!” Roven is set to produce the sci-fi film “Mercy” starring Chris Pratt.

Furthermore, the ten independent films revealed today are poised to generate a total of $114 million in qualified spending, with $70 million attributed to qualified wages. Among these, the seven indies with budgets under $10 million, listed below, are projected to contribute a combined $22 million in qualified spending. Meanwhile, independent films with budgets exceeding $10 million, including New Regency’s “Untitled NRP Project,” are expected to surpass $92 million in qualified spending, reflecting the robust economic impact of these productions.

“California offers iconic locations as well as exceptionally talented and diverse crew, with which it will be a privilege to work,” said Chris Hubbard, Vice President of Physical Production at New Regency. “We are beyond thrilled to receive the California Film Tax Credit. A big thank you to the California Film Commission for their continued efforts to support production in the state.”

Noteworthy is the significant portion of filming planned outside the Los Angeles 30-Mile Studio Zone, showcasing California’s diverse landscapes and expanding production opportunities across the state. Nearly 41 percent – 235 out of 569 – of the filming days planned by the projects announced today will take place in Alameda County, Joshua Tree, Marin, Orange County, San Bernardino, San Diego, San Francisco, Upland, as well as other out-of-zone locations yet to be determined (see “Program 3.0 Film Allocation #4 Out of Los Angeles Zone Filming” chart below).

Since the resolution of the labor strikes last November, over 60 productions in the Tax Credit Program have either resumed filming or are slated to do so in the first half of 2024, infusing a welcome surge of local jobs and spending. The addition of these fifteen feature films choosing California as their filming destination will increase job opportunities and stimulate substantial local investment at a critical time in the industry. Furthermore, the ripple effects will extend beyond principal photography, generating revenue and additional job opportunities for California’s post-production sector, including visual effects artists, sound editors, and other essential workers.

A total of 59 projects applied during the January 22-24 application period in Fiscal Year 4 of the California Film and Television Tax Credit Program 3.0. As a result, the California Film Commission has earmarked just over $61 million in tax credit allocation for the 15 conditionally approved projects. It’s important to note that the list of approved projects is subject to change, as applicants may withdraw from the program, leading to the reassignment of tax credits to projects on the waiting list.

The final application period for this fiscal year will focus on television projects, with roughly $200 million earmarked. Submissions will be accepted from February 26-28 for Recurring and Relocating Television Series, and from March 4-6 for New Television Series. As for feature films, about $80 million is available for both independent and non-independent projects with the next application window slated for August 2024.

 

About California’s Film and Television Tax Credit Program

In 2014, the California Legislature significantly increased its film and television production incentive from $100 million to $330 million annually through the California Film and Television Tax Credit Program 2.0. This expansion aimed to retain and attract production jobs statewide, extended eligibility to various project types such as big-budget feature films, television pilots, and 1-hour television series for any distribution outlet. Program 2.0 introduced a “jobs ratio” ranking system, prioritizing projects based on their qualified spending (e.g., wages paid to below-the-line workers and payments made to in-state vendors). Additionally, it offered supplementary incentives for projects filming outside the Los Angeles 30-Mile Studio Zone or with qualified expenditures for visual effects or music scoring/track recording.

Launched in July 2020, Program 3.0 introduced new provisions to further grow California’s entertainment industry such as a pilot skills training program designed to facilitate access to career opportunities for individuals from underserved communities. Furthermore, Program 3.0 mandates projects to have written policies for addressing unlawful harassment and enhances reporting of above and below-the-line cast and crew employment diversity data. For more information on California’s Film and Television Tax Credit Program 3.0, including application procedures and eligibility criteria, visit http://www.film.ca.gov/tax-credit/.

Governor Newsom signed Senate Bill 132 on July 10, 2023, extending California’s Film and Television Tax Credit Program for five years, through fiscal 2030-31. This extension builds upon the program’s successful track record of generating over $24 billion in economic output and supporting more than 188,000 cast and crew. Program 4.0, projected to create 60,000 jobs and attract $10 billion in investment, introduces new workforce diversity provisions, increased funding for the Film Commission’s Career Pathways Training Program, and implements the nation’s first Safety on Production Pilot Program. Furthermore, tax credits will become refundable for the first time since the program’s inception in 2009, beginning with the 2025-26 fiscal year, with Program 4.0 set to commence on July 1, 2025.

Contact:

Ramona Wright | Mozaic Media & Communications on behalf of California Film Commission | ramona@mozaicmc.com | (310) 382-6679

Aram Nadjarian | Mozaic Media & Communications on behalf of California Film Commission | aram@mozaicmc.com | (323) 533-4523

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

Willie Rudman
Assistant Deputy Director of Communications
Email Willie , HERE

Karla Diaz Sayles
Deputy Director, CA Film Commission
(323) 533-4537 (direct)
(310) 749-4360 (mobile)
Email Karla HERE

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​IBank Announces Additional Funding to Support Its Expanding Venture Capital Access Program

​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 million of California’s $1.2 billion allocation from the U.S. Treasury’s State Small Business Credit Initiative (SSBCI). SSBCI provides capital to fund small businesses, including those that are run by socially and economically disadvantaged individuals. This new supplement will add up to $50 million from the state’s Small Business Expansion Fund to commit $250 million for the program.

“With any new program, the early days are often the most important. Now that we have been in the market and started deploying funds, we’ve been able to gather real-world feedback from emerging investors and entrepreneurs the program was designed to support,” said Derrick Tang, IBank Deputy Director of Venture Capital.

“By creating this state supplement fund, we are directly addressing market feedback to improve our VC program and better meet our mission,” said Scott Wu, IBank Executive Director. “We understand that restrictions built into the federal SSBCI funding can create challenges for some emerging investors, especially those starting their first funds. The state supplement allows fund managers to overcome those challenges and contribute more effectively to an inclusive VC industry.”

The state supplement will enable the VC program to make investments in venture funds under the same economic terms as other market investors, which reduces burden on the fund manager and encourages catalytic private investment.

About the Expanding Venture Capital Access Program: While California is home to many of the world’s top venture capital firms, the VC community is demographically concentrated, making it challenging for underserved investors and startups to access funding. Studies have shown that startups led by inclusive teams have generated better investment returns than teams that lack diversity.

The Expanding Venture Capital Access program’s primary focus is investing in underrepresented VC fund managers, including those in geographic areas that are socio-economically disadvantaged or that receive very limited VC funding. The program is also looking to make investments that promote climate equity and climate justice.

Administered by IBank, part of the Governor’s Office of Business and Economic Development (GO-Biz), in partnership with Cambridge Associates, the Expanding Venture Capital Access program made its first investment in June — $4.1 million in Unshackled Ventures, an immigrant-entrepreneur founded VC fund.

Interested VC fund managers can visit IBank’s Expanding Venture Capital Access webpage to learn more.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About IBank

IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy, and improve the quality of life in California communities. IBank is located within the Governor’s Office of Business and Economic Development and is governed by a five-member Board of Directors. IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, leverage state and federal funds and provide loan guarantees and other credit enhancements to small businesses. Find more information at www.ibank.ca.gov.

Mailing Address:
P.O. Box 2830, Sacramento, CA 95812-2830
Main Telephone: 916.341.6600
www.ibank.ca.gov

Karen C. Naungayan
Email Karen, HERE
916.207.9132

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California Invests $149 Million in Cutting-Edge Companies, Creating Nearly 6,000 Jobs

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-time jobs and bringing in an estimated $1.3 billion in private investment over the next five years.

The funding, from the Governor’s Office of Business and Economic Development’s (GO-Biz) CalCompetes program, is going to companies expanding their operations in California and advancing the state’s semiconductor manufacturing capabilities, building the next generation of electric vehicles and electric aircrafts, and more.

WHAT GOVERNOR NEWSOM SAID: “Investing in ingenuity and innovation works, and no place does it better than California. Businesses like the ones we’re investing in today will drive the future of our economy, helping create thousands of good-paying jobs and bringing billions in economic investment to communities up and down the state.”

 

SENIOR ADVISOR AND GO-BIZ DIRECTOR DEE DEE MYERS: “With the return of the grant program this year, we’re excited to continue building on the incredible success of CalCompetes over the last decade. Supporting these types of forward-thinking, entrepreneurial companies helps guarantee that California’s innovation economy will continue to provide family-supporting jobs and return sizeable investments back to the state for years to come.”

 

🛩️ ELECTRIC AIRCRAFTS

Joby, a leader in the electric aircraft field, will be making over $40 million of capital investments and creating nearly 700 new jobs as part of its expansion efforts in Santa Cruz and Marina.

AIBOT received a $15 million grant to further its manufacturing and R&D capabilities in Long Beach and Mojave as it continues developing artificial intelligence software and building autonomous electric aircrafts. In exchange, they will create almost 700 new jobs and invest nearly $500 million across the two locations.

💻 SEMICONDUCTORS & MICROCHIPS

Two California businesses will be expanding their efforts to increase domestic production of the next generation of semiconductors and microchips in the hopes of attracting additional federal investments through the CHIPS Act.

Tynergy received a $15 million grant to relocate its headquarters from Wyoming to Fresno, where they will manufacture semiconductors and energy storage systems. In the process, they will create at least 500 new, full-time jobs and make nearly $21 million of capital investments in the region.

Infinera, a semiconductor chip developer and manufacturer, received a $14 million grant to expand its operations in San Jose and Sunnyvale. Between the two locations, they will make over $180 million of capital investments and create nearly 250 new jobs.

🔋 NEXT-GENERATION EV BATTERIES

Sparkz, a lithium iron phosphate battery manufacturer, received an $11.2 million grant to create 500 new, full-time jobs and make over $83 million in capital investments in Rancho Cordova.

 

AUGMENTED REALITY, ARTIFICIAL INTELLIGENCE, AND MORE

Snapchat, who is expanding their operations in Palo Alto, San Francisco and Santa Monica, will use their award to advance their manufacturing capabilities for their augmented reality devices.

Helm.ai and Humane, both of whom will use their award to further develop artificial intelligence software, will be expanding their respective operations in San Francisco and the broader Bay Area.

Complete list of approved companies and award amounts

The California Competes Tax Credit was created in 2013 to help businesses grow and stay in California. GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, wages and benefits paid to employees, economic impact, strategic importance and more. In 2022, the program was extended for an additional five years with at least $180 million in tax credits available for allocation to businesses each year through 2028.

The California Competes Grant Program was created in 2021 and extended each of the following two years, with a total of $120 million allocated for the 2023-24 fiscal year. A significant priority for this grant program is to make resources available to businesses who cannot take advantage of a non-refundable tax credit and is one of the state’s main incentive programs to leverage tens of billions of federal funds available under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, and to encourage growth and expansion of semiconductor manufacturing and research and development in California.

In total, CalCompetes has awarded grants and tax credits to more than 1,200 businesses, creating nearly 165,000 jobs.

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

Willie Rudman
Assistant Deputy Director of Communications
Email Willie , HERE
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California Awarded Up to $1.2 Billion to Advance Hydrogen Roadmap and Meet Climate and Clean Energy Goals

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 of the DOE’s Regional Clean Hydrogen Hubs (H2Hubs), which will kickstart a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage, delivery, and end-use of clean hydrogen. The H2Hubs are expected to collectively produce three million metric tons of hydrogen annually, reaching nearly a third of the 2030 U.S. production target and lowering emissions from hard-to-decarbonize industrial sectors that represent 30 percent of total U.S. carbon emissions. Together, they will also reduce 25 million metric tons of carbon dioxide (CO2) emissions from end-uses each year—an amount roughly equivalent to combined annual emissions of 5.5 million gasoline-powered cars—and create and retain tens of thousands of good-paying jobs across the country while supporting healthier communities.

California submitted an application in April through the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), a statewide public-private partnership designed to accelerate renewable hydrogen’s (H2) contribution to decarbonizing the state’s economy and build on California’s long-standing H2 and renewable energy leadership. The Governor’s Office of Business and Economic Development (GO-Biz) has joined with the University of California, Lawrence Berkeley National Laboratory, state agencies, elected leaders, organized labor, and non-profit organizations to build the framework for California’s renewable, clean hydrogen hub.

“Unlocking the full potential of hydrogen—a versatile fuel that can be made from almost any energy resource in virtually every part of the country—is crucial to achieving President Biden’s goal of American industry powered by American clean energy, ensuring less volatility and more affordable clean energy options for American families and businesses,” said U.S. Secretary of Energy Jennifer M. Granholm. “With this historic investment, the Biden-Harris Administration is laying the foundation for a new, American-led industry that will propel the global clean energy transition while creating high quality jobs and delivering healthier communities in every pocket of the nation.” 

“Today’s announcement is an extraordinary investment not just in California’s future, but for the entire country,” said Angelina Galiteva, CEO, ARCHES. “ARCHES is honored to have been chosen for such substantial funding, and we are eager to get to work to bring cutting edge projects to life up and down the state. We are grateful to President Biden and to Secretary Granholm for their dedication to a clean hydrogen future, and we look forward to rolling up our sleeves and working with our partners to advance a zero-carbon economy in a just and equitable manner that will improve the quality of life for millions of Californians.”

“This award is a testament to California’s unrivaled commitment to a carbon-neutral future,” said Dee Dee Myers, Senior Advisor to the Governor, Director of GO-Biz and founding ARCHES Board Member. “There is no better place to showcase the benefits of clean, renewable hydrogen – and the role it can play in decarbonizing our economy while creating green jobs and sustainable business at scale. This critical funding will help California build a system of hydrogen projects to integrate renewable energy into our economy, resulting in cleaner air and family supporting jobs for communities across the state.”

The H2Hubs are one of the most significant investments in the United States Department of Energy’s history and is funded by President Biden’s Bipartisan Infrastructure Law.

“When evaluating our process and application to the Department of Energy, we wanted to ensure that meeting the needs of California’s most disadvantaged communities and creating green jobs were priorities,” added Galiteva. “We are proud to have an engaged community process and the support of organized labor as we move forward with many of the projects outlined in our application.”

“Research and innovation emerging from the University of California is a key part of our collective effort to build a clean, renewable energy future for all,” said Dr. Michael V. Drake, President of the University of California. “We are proud to help lead ARCHES and to collaborate with partners across sectors, including the state of California, to address the climate crisis.”

“Today’s announcement will bring more than 220,000 well-paying jobs to California, centered along the state’s major transportation corridors,” said Chris Hannan, President of the State Building & Construction Trades Council of California. “This means reliable, clean energy careers for workers in a real and meaningful way, helping not only to provide employment, but also to build the economy across California.”

Last year, Governor Newsom signed into law an ambitious package of climate legislation that included a mandate to achieve carbon neutrality no later than 2045 and deliver 90% clean electricity by 2035. Governor Newsom’s Executive Order on Zero-Emission VehiclesCalifornia’s Scoping Plan and directive to create an all-of-government Hydrogen Market Development Strategy have sent strong market signals about the critical role hydrogen will play in decarbonizing our hard to abate sectors. To hit these ambitious goals, California must dramatically reduce its reliance on carbon-based fuels, which ARCHES and its projects will help accomplish.

In coming weeks, ARCHES will be working with the DOE to develop a detailed implementation plan to realize the projects proposed in the application and finalize a realistic project schedule that gets California on track to get shovels in the ground and infrastructure built in the most expedited fashion possible.

ARCHES is committed to ensuring an equitable transition to renewable hydrogen and all projects must advance diversity, equity, inclusion and accessibility. Projects will be focused in communities with the largest pollution burden and at least 40% of the benefits from ARCHES’ projects will flow to California’s disadvantaged communities. Along with the creation of over 220,000 new green jobs, it is also estimated that ARCHES’ projects will ultimately result in $2.95 billion per year (starting in 2030) in economic value including increased health and health-care cost savings due to reductions in pollutant emissions.

As project buildout details crystalize, ARCHES will be collaborating closely with local communities and key stakeholders to further educate and engage all parties involved about California’s ongoing commitment to decarbonizing the state through historic, clean energy investments.

To stay connected to ARCHES and the latest developments, please visit the ARCHES website and follow their social media channels:

About GO-Biz
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit the GO-Biz website.

About ARCHES
ARCHES is California’s designated U.S. Department of Energy (DOE) H2Hub, established to accelerate the deployment of renewable, clean hydrogen (H2) projects and infrastructure to advance a zero-carbon economy. As part of the Bipartisan Infrastructure Law, the DOE is creating Regional Clean Hydrogen Hubs across the United States. After a rigorous application and review process, ARCHES was one of seven hubs selected and was awarded up to $1.2 billion in federal funding.

Willie Rudman
Assistant Deputy Director of Communications
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