02/25/2018

News

Maker of electric vehicle components sets up in West Sacramento

“A Japanese company that manufactures components for electric vehicles is setting up its U.S. headquarters and first U.S. manufacturing facility in West Sacramento. Mikuni Color Ltd., which also produces synthetic organic industrial dispersion ink, has moved into 21,000 square feet at Riverside Commerce Center.”

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Labor shortage, fees leading builders to delay projects

A one-two punch of unwavering fees and unavailable labor is leading many homebuilders to seek extensions of entitlements for projects across the region.

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Obamacare’s end may be $20 billion hit to California

Almost $20 billion in annual federal stimulus money to California could go on the chopping block when President-elect Donald Trump tries to make good on his promise to end Obamacare. Insurance coverage for more than five million Californians, thousands of jobs and a hefty chunk of business for health plans, providers, brokers and others hang in the balance.

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Electric carmaker that shortlisted Sacramento picks Arizona, according to report

Atieva, the electric carmaker that placed Sacramento on a short list this year for locating a car manufacturing plant, has selected a site in Arizona, according to the tech news site Recode.

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Assembly passes bill to bar employers from asking job applicants’ prior pay

Promoted as a law to help women break the glass ceiling, Assembly Bill 1676 could open up employers to civil lawsuits for asking job applicants what they made at their former place of employment. The bill would also require an employer to provide job candidates with the pay scale for a particular position. The new rules would not apply to government employees.

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Moody’s: Texas can withstand next recession better than California

A fiscal-stress test by the credit ratings agency ranked the Golden State last among populous states for ability to mitigate the next economic crises. Texas placed first, followed by Missouri and Washington. California’s weak rating came from high revenue volatility and low budget reserves and fiscal nimbleness.

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Battle over state tax credits pits California cities against each other

On Thursday, however, the competition turned into a battle between two cities. Mayors of Fresno and Visalia faced off at a Sacramento committee hearing over the location of a Nordstrom distribution center.

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State Treasurer Wants a One-Stop Shop for Business Incentives

The proposed California Business Incentives Gateway site would allow employers to submit company details as filtering criteria to receive a list of applicable incentives.

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New Report Says California Needs New Housing

The report, from Bay Area think-tank Next 10, found only Alaska had fewer housing permits for every 100 new residents over the last decade. Between 2005 and 2015 – which includes the last couple years of the housing boom – there were only 21.5 permits issued in California for every 100 people new to the state.

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California to Offer $75 Million in Latest Round of Business Tax Credits

The Governor’s Office of Business and Economic Development opened its application period on Monday for $75 million in California Competes tax credits.

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Billionaire Tom Steyers Outlines Plan to Change California

“Absolutely not. I think that’s complete hogwash … If you look at this from the point of view of California, this [climate change regulations] is a job creator, it’s a reducer of people’s energy costs. It gives people higher incomes. On a pure numbers basis, I totally reject the idea that there is a cost to this.”

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California Lawmaker Sets Up Debate Over Next Big Issue in the “Gig” Economy

Assemblywoman Lorena Gonzalez offered a glimpse Monday of what could be the next chapter in a battle involving workers in the so-called gig economy. Upcoming legislation would allow those workers to collectively bargain for rights like health care – even if they aren’t unionized. . . The forthcoming legislation comes from a political consultant and lawyer with professional ties to organized labor, though this legislation is not pushed by any particular labor group, said Evan McLaughlin, chief of staff to Gonzalez.

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Company Shutting Down 44,000-square-foot Manufacturing Plant

Isola Group is closing its Elk Grove manufacturing location. The cost: 72 jobs.

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California and Quebec Auction Off More than $900 Million in Pollution Credits

So far, these carbon auctions have yielded the state of California approximately $2.8 billion in revenue, said CARB spokesman David Clegern. Half of that money goes to utility companies to offset electricity costs, and the other half is spent on an array of programs intended to help clean California’s air.

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California Lost 9,000 Business HQs and Expansions, Mostly to Texas, 7-Year Study Says

Of the 9,000 businesses that he estimates disinvested in California, some relocated completely while others kept their headquarters in California but targeted out-of-state locations for expansions, Vranich found. The report did not count instances of companies opening a new out-of-state facility to tap a growing market, an act unrelated to California’s business environment.

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