Thousands of NEW California Jobs in Cutting-Edge Industries | California Governor – Office of Governor Gavin Newsom

by | Jun 17, 2022 | Jobs

FOR IMMEDIATE RELEASE$178.2 million in tax credits will create more than 7,600 jobs in cutting-edge industries like space exploration, AI semiconductor chip development, and climate change innovation
The Newsom Administration is investing in businesses paving the way to a better future for Californians while boosting California’s innovation economy
SACRAMENTO – Nearly $2 billion in new private investment over the next five years. Thousands of new private-sector jobs.
That’s what is coming to California courtesy of more than $178 million in tax credits announced today by the Governor’s Office of Business and Economic Development (GO-Biz.)
The money is being invested in industries that will shape the future. Space exploration. Artificial Intelligence. New farming technology to fight climate change. With private ingenuity and public backing, the future continues to be created in California.
“Investing in innovation works, and no place does it better than California — solving our most existential challenges with creativity and the technology of the future,” said Governor Gavin Newsom.
The $178.2 million in CalCompetes tax credits will go to companies that will increase manufacturing in the state, and continue the state’s economic growth, which has been unmatched since the end of the COVID-19 pandemic.
Companies receiving the tax credits will create more than 7,600 new full-time jobs in California and bring in more than $1.78 billion in new investments to the state over the next 5 years.
The California Competes Tax Credit was created in 2013 to focus on helping businesses grow and stay in California. GO-Biz evaluates the most …

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