California Resources Page

Electric Vehicles: Funding Infrastructure to Achieve 50% by 2030

Liz Demaree, Senior Policy Advisor, Nelson Mullins

Achieving the Biden administration's ambitious EV goals requires innovative solutions, strategic partnerships, and significant investments in both charging stations and electrical grid enhancements.

The Decentralization of U.S. Fintech Hubs

Bobby Magnano, President, Financial Services, JLL
Scott Redabaugh, Managing Director, Consulting, JLL

As the fintech sector continues to evolve, it’s primed to serve as a major economic catalyst in already established core, secondary, and emerging markets as well as new locations that offer the fundamentals for its growth.

2022 Top States for Doing Business Provide an Environment for Business Growth

Steve Kaelble, Staff Editor, Area Development

The "Top States" report looks at some of the places ripe for successfully growing and doing business based on the views of our expert panel of consultants.

Rail Gains Advantage Amidst Supply Chain Snarls

Rich Thompson, International Director, Supply Chain & Logistics Solutions, JLL

Rail lines, which link international cargo gateways to U.S. population centers, offer companies a cost-effective, sustainable transportation option.

Auto Giants Race to Build U.S. EV Battery Assembly Plants

Jack Rogers

More than $20 billion worth of new EV battery assembly facilities are being built in the U.S., but 90 percent of battery components are imported, and Tesla is busy preparing for a global shortage of lithium battery cells

Innovation Corridors Have Economic Assets Driving Business Growth

Steve Kaelble, Staff Editor, Area Development

By actively putting together the resources needed for innovative companies to survive and thrive, innovation districts and corridors have found a recipe for success.

What’s Driving Record Industrial Real Estate Demand

Jason Tolliver, Managing Director, Investor Services, Cushman & Wakefield

A boom in e-commerce and shifting population densities as well increasing transportation costs are making industrial real estate a “can’t miss.”

What Makes a Megaproject?

Isabel Cyr, Government Relations & Public Affairs Director, Lithion Technologies Inc.
Fatima Halimi, Consultant, CAI Global Group

Isabel Cyr, Director, CAI Global; and Fatima Halimi, Consultant, CAI Global discuss with Area Development the landscape of megaprojects and the trends and lessons learned from the biggest site selection projects in the U.S.

Investment Follows Talent to Mid-Size Markets

Drew Repp, Content Manager, Emsi

The affordability of mid-sized communities has made them attractive to tech-savvy workers who, in turn, are drawing business investment to those locales.

Hot Jobs: Growing Industrial Sectors

Steve Kaelble, Staff Editor, Area Development

Although the number of jobs lost during the Great Recession have been regained, not all regions or industry sectors have experienced the same recovery.

Where to Invest in the Booming Aerospace Manufacturing Industry

Scott Thompson, Global Aerospace & Defense Leader, PwC

The U.S. remains top-ranked globally for aerospace attractiveness, but companies must consider labor, infrastructure, and tax policy among other factors when deciding where to locate their next U.S. facility.

What Makes a Successful Innovation District?

Stephen Coulston, Principal, Perkins+Will

Prosperous innovation districts have diversified economies and are integrated into the fabric of a community, drawing workers who seek out such environments and the companies that are trying to attract them.

Explaining the Emergence of Smaller and Western Metros

Joshua Wright, VP, Economic and Workforce Development, Emsi

With fast-growing populations and diverse economies, states in the West and Mountain region are showing significant economic growth, while smaller metros are benefitting from their larger urban neighbors’ spillover effect.

2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List

Area Development Research Desk
Karen Thuermer, Staff Editor, Area Development

The 2018 Leading Metro Locations reflect the nation’s overall economic growth as the country enjoys the second-longest economic expansion on record, with many small and mid-size metros exhibiting economic strength.

2018 Gold & Silver Shovel Awards: California, Florida, Illinois and New York Awarded Silver Shovels - States with Populations over 12 Million

Geraldine Gambale, Editor, Area Development Magazine
Steve Kaelble, Staff Editor, Area Development

Project Announcements

OnSight Technology Establishes Folsom, California, Headquarters

07/25/2024

Takeda Pharmaceuticals Expands Los Angeles, California, Operations

06/17/2024

ThermoGenesis Holdings Establishes Rancho Cordova, California, Operations

10/28/2023

Reyes Coca-Cola Bottling Expands Rancho Cucamonga, California, Operations

09/08/2023

Trader Joe's Establishes Palmdale, California, Operations-Distribution Complex

07/14/2023

All News Items 

Tips: Send Us Business Expansion or Relocation News

california at a glance

POPULATION: 37,690,000 (California Department of Finance)

LABOR FORCE: 18,668,100 (September 2014)

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/web-based 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 9.25 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
CALIFORNIA’S ECONOMIC DEVELOPMENT INITIATIVES, PROGRAMS AND RESOURCES INVESTMENT SERVICES
Incentive Analysis
Site Selection
Facilitation

TAX CREDIT PROGRAMS
Governor’s Economic Development Initiative
New Employment Credit
(Partial) Sales Tax Exemption for Manufacturing and R&D
California Competes Credit
California Research Credit
California Film & Television Credit
(Full) Sales Tax Exclusion

FINANCING PROGRAMS
CalCAP
[NEW] CalCAP Collateral Support
Industrial Development Bonds
Small Business Loan Guarantee Program

ENERGY AND ENVIRONMENT PROGRAMS
GO Solar California
Self-Generation Incentive Program
Energy Innovations Small Grant Program
Electric Program Investment Charge
Alternative and Renewable Fuel and Vehicle Technology Program
Hybrid and Zero Emission Truck and Bus Voucher Incentive Program
Air Quality Improvement Program Clean Rebate Project
Carl Moyer Memorial Air Quality Standards Attainment Program Providing Loan Assistance for California Equipment Program
Pollution Control Financing
Recycling Market Development Zones Revolving Loan Program
Beverage Container Recycling Grants
Cleanup Loans and Environmental Assistance to Neighborhoods Loan Program
Brownfields Revolving Loan Fund Program
Tire Equipment Loan Program

WORKFORCE DEVELOPMENT
Employment Training Panel
Workforce Investment Board
Department of Education - http://www.cde.ca.gov/eo/in/

PERMIT ASSISTANCE
GO-Biz Permit Assistance Unit
Consolidated Permitting Program
CalGOLD

INTERNATIONAL TRADE
GO-Biz International Trade Unit
China-CA Trade Office
State Trade Export Promotion Program
California Special TEA for EB-5 Program
California Investment Solicitation Program

Principal Manufacturing industries

Computer & Electronic Products

21.1%
Food

12.6%
Fabricated Metal Products

9.4%
Transportation Equipment

8.7%
Chemical Manufacturing

5.9%
Machinery

5.4%
Apparel

4.9%
Printing & Related Support Activities

3.6%
Furniture & Related Products

2.7%
Nonmetallic Mineral Products

2.4%
Other Manufacturing Industries

23.3%