POPULATION: 38,648,000 (Jan. 1, 2010)
LABOR FORCE: 18,268,700 (July 2010)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Services, finance/insurance/real estate, manufacturing,
retail trade, wholesale trade, construction,
agriculture/food processing
EXPANDING INDUSTRIES: Green technology, high-technology, Internet/webbased
industries, biotechnology, telecommunications,
healthcare technology, multimedia, entertainment,
environmental technology, information
technology, diversified manufacturing, transportation/
logistics, value-added agriculture
COLLEGE GRADUATES: (Age 25 and over) 29.4%
BASIC BUSINESS TAXES:
Corporate Income Tax:
8.84 percent of net income
Sales and Use Tax:
7.25 to 8.75 percent
Property Tax: Assessed and collected locally by
county governments; some cities and special
districts collect their own taxes for purposes
such as street improvements; average tax rate
is 1.1 percent of fair market value
BUSINESS INCENTIVES
R&D tax credits (15 to 24 percent)
Industrial Development Revenue
Bonds
California Employment Training
Panel
California Alternative Energy and
Advanced Transportation
Financing Authority (CAEATFA)
Designated incentives:
• Enterprise zones (42 statewide)
• Recycling Market Development
Zones
• Foreign-trade zones
• Manufacturing Enhancement
Areas
• Local Area Military Base
Recovery Areas (LAMBRAs)
Small business:
• Small Business and Disabled
Veteran Business Enterprise
(DVBE) program
• 5% bid preference on applicable
state solicitations for small
businesses
• 25% small business participation
goal on state contracts>
