News

The Governor’s Office of Business and Economic Development today announced the upcoming opening of applications for companies seeking to take part in the California Competes Tax Credit Program for FY 2014-15.

The program is an income tax credit available to businesses that want to locate and grow in California. Tax credit agreements will be negotiated by the Governor’s Office of Business and Economic Development and approved by the California Competes Tax Credit Committee.

Each fiscal year, 25% of the credits are reserved for small businesses.

LA City Council's Dangerous Anti-Prop 13 Position

BizFed has long been opposed to a "split-roll" - differing taxation rates for commercial and residential properties. But the LA City Council voted recently to support legislative efforts to support such legislation.

Read this Op-Ed by the Los Angeles News Group - which ALSO OPPOSES a split-roll effort:  Los Angeles leaders sometimes talk about ways to make the city more business-friendly. Tuesday apparently will not be one of those times.

More than 150 business, community, and opinon leaders participated in the BizFed Institute's NextUp Forum: Clean Water for Life and Business at Woodbury University in Burbank on June 4, 2014.  

BizFed member Bank of America announced a $5 million commitment in support of the 2015 Special Olympics World Games that will take place here in Los Angeles next summer. For additional details, click here.

In case you missed it, the Los Angeles News Group printed an op-ed by BizFed CEO Tracy Rafter on Sunday urging leaders in Sacramento to immediately finish hammering out a water bond for the November ballot now that they're back in session:

Legislature needs to ensure the future of California’s water supply, right now
by Tracy Rafter, Founding CEO, BizFed

Next week marks an historic event: President Obama will welcome leaders from across the African continent to the Nation’s Capital for a three-day U.S.-Africa Leaders Summit, the first such event of its kind. This Summit will strengthen ties between the U.S. and one of the world’s most dynamic and fastest-growing regions.

CA Manufacturing: The Good and the Bad

A report out this week on California manufacturing has both a good news and a bad news component to it, according to the California Economic Summit.

Between 1990 and 2012, California lost 842,000 manufacturing jobs. That’s the bad news. The good news is that California still contributes more to the country’s manufacturing than any other state.

Did you know that 95% of consumers live outside the United States? And a whopping two thirds of the world's purchasing power is in foreign countries!

Exporting can mean big things for your small business, and SBA is here with resources and information to help you succeed!