“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.”
A one-two punch of unwavering fees and unavailable labor is leading many homebuilders to seek extensions of entitlements for projects across the region.
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.
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.
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.
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.
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.
The proposed California Business Incentives Gateway site would allow employers to submit company details as filtering criteria to receive a list of applicable incentives.
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.
The Governor’s Office of Business and Economic Development opened its application period on Monday for $75 million in California Competes tax credits.
“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.”
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.
Isola Group is closing its Elk Grove manufacturing location. The cost: 72 jobs.
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.
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.