NEWS ITEMS
AROUND THE WEB
NEWS ITEMS
AROUND THE WEB
Solar Industry Growth Projected
06/24/2009
Oracle to Buy Sun Microsystems
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California
Resources Page
Solar Industry’s Bright FutureThe solar industry has evolved into one of the key investment fields worldwide, and market forecasts continue to project double-digit growth for the coming years. More |
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Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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States Fund Renewable Energy ProjectsSixteen states have taken the lead in funding for renewable energy projects through tax and production incentives, rebates, grants, and loans. More |
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Location California 2009: California’s Green AdvantageCalifornia has paid the price for its eco-friendly initiatives, but those investments could pay off for companies there as the government mandates green building, manufacturing, and more. More |
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State Contacts
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California
At A Glance
POPULATION:
37,444,000 (July 2006)
Corporate Income Tax: 8.84 percent of net income from California sources
LABOR FORCE: 18,198,000 (July 2007)
RIGHT TO WORK: NoTRADITIONAL INDUSTRIES: Services, finance/insurance/real estate, manufacturing, retail trade, wholesale trade, construction, agriculture/food processing
EXPANDING INDUSTRIES: High technology, Internet/web-based industries, biotechnology, telecommunications, healthcare technology, multimedia, entertainment, environmental technology, information technology, apparel and fashion design, wood products, diversified manufacturing, transportation/logistics, value-added agriculture, green technologyCOLLEGE GRADUATES: (Age 25 and over) 27.0%
BASIC BUSINESS TAXES:Corporate Income Tax: 8.84 percent of net income from California sources
Sales and Use Tax: 7.25 to 8.50 percent of receipts from sales or lease of taxable items, depending on county
Property Tax: Assessed and collected locally by county governments; some cities and special districts assess and collect their own taxes for purposes such as street improvements; average tax rate is 1.1 percent of fair market value.BUSINESS INCENTIVES:
California Employment
Training Panel
Industrial development revenue bonds
R&D tax credits (15 to 24 percent)
- 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:
- Loan guarantee programs
- Recycling
SPONSOR PROFILES:
