Gov. Gavin Newsom’s proposal to generously bolster state financial aid to California college students who are parents of dependent children – one of the most important pieces of his higher education plan – is facing strong opposition in the state Legislature. The governor’s plan would have cost an estimated $96.7 million a year and provided […]
Is a student loan bill of rights coming to California? Here’s what you need to know. Student Borrower Bill of Rights On Tuesday, the California Assembly passed a first-in-the-nation “Student Borrower Bill of Rights,” which aims to protect borrowers with student loans. Sponsored by Assemblyman Mark Stone, the bill, AB 376, primarily targets student loan […]
It’s not your grandparents’—or even your parents’—higher-ed system. A young Californian of the Baby Boomer generation, bolstered by the post-war economic boom and the state’s investment in public higher education, could often emerge from college with little to no debt and a clear path to a living wage and homeownership. Today’s California students, by contrast, […]
The California Community Colleges Board of Governors intends to extend the contract of the system’s chancellor Eloy Ortiz Oakley through 2023, the board said Tuesday. Oakley’s four-year contract was due to end in December 2020, but the board has decided to give him another four-year contract beginning in December of this year. “Chancellor Oakley has […]
Governor Gavin Newsom proposed adding $10 million to help college students with emergency housing costs but stopped short of expanding the state’s Cal Grant program to cover full expenses of rent and food of all needy students. Newsom did not embrace the massive financial aid increase that some legislators and advocates want to cover students’ […]
U.S. officials no longer think the government will make money off the federal student-loan program and now project it will cost taxpayers tens of billions of dollars in coming years, according to a new congressional estimate. The program is losing money after a surge of borrowers defaulting on loans or enrolling in plans that ultimately […]
San Francisco hands out millions of syringes a year to drug users but has little control over how they are discarded and that’s contributing to thousands of complaints. The city distributes an estimated 400,000 syringes each month through various programs aimed at reducing HIV and other health risks for drug users. About 246,000 syringes are […]
The San Francisco Bay Area is an economic powerhouse. The region’s innovation industries, from high tech to biotech, helped lead California out of the Great Recession. We are near full employment in some areas, and are responsible for 53.5 percent of the state’s net job growth since 2007. And while we are home to just 17 percent of the state’s population, we pay 36 percent of total state personal income taxes at a level per capital more than double the statewide average.
By U.S. state, the largest expenditures, $48.9 billion, were for U.S. businesses in California. The four largest U.S. states in terms of expenditures by foreign direct investors—California, New Jersey, New York, and Texas—together received over half of all new investment. These four states accounted for 35 percent of private industry GDP in the United States in 2014.
In order to ensure the Bay Area’s economic vitality and resilience despite increasing boom and bust cycles, public and private sector leaders must come together around pragmatic solutions to persistent issues and barriers to success. The purpose of the Regional Economic Strategy Roadmap is to offer concrete actions for growing regional prosperity and a flexible framework for developing actions going forward. Its proposals are evergreen agents of economic resilience, strategies wise in both expansion and downtown, necessary to accelerate the former and dampen the latter. It is a recipe for a robust and enduring regional economy.
According to CB Insights data, companies typically close within 20 months of their most recent rounds of financing, with 70 percent dying before raising $5 million. The majority, 55 percent, die before raising $1 million. The explanations for failure are tough to quantify — but the reasons that founders provide publicly serve as a window into common issues in the ecosystem.
It’s a shame these programs operate so haphazardly because $5.6 billion, if spent effectively, could be a major factor in bolstering California’s middle class, which is shrinking rapidly, making us a two-tier society with the nation’s highest poverty rate.
The decline has been, if anything, more rapid in 59th place Los Angeles. This process began with the loss of more than 90,000 aerospace jobs since the end of the Cold War. Los Angeles’ industrial job count stands at 363,900 — still the largest in the nations but down sharply from 900,000 just a decade ago.
The goal of the Fresno-based AgPlus Consortium, according to their application to participate in the initiative, is “to advance the region’s agriculture-related manufacturing economy, targeting industries in the food and beverage manufacturing sector whereby raw agricultural goods are transformed into value-added products by core manufacturing activities.”
In this report, we present a number of suggestions for practical reform to patent policy consistent with the original public meaning of the Patent Clause, which will foster more innovation, entrepreneurship, and economic growth.