California Invests in Cutting-Edge Technologies to Foster Innovation, Create More Than 6800 New Jobs | California Governor – Office of Governor Gavin Newsom

by | Nov 17, 2022 | Jobs

More than $123 million in CalCompetes tax credits and grants projected to create more than 6,800 high-paying jobs with an average salary of $113,013
SACRAMENTO – California is investing in cutting-edge industries to bolster the economy and create thousands of new high-paying jobs, estimated to bring in more than $1.9 billion in new private investment over the next five years. Companies receiving funding will build electric motorcycles, increase domestic production of the next generation of semiconductors and microchips, further commercialize environmentally friendly and safe electricity, and more.
Governor Gavin Newsom today announced the Governor’s Office of Business and Economic Development (GO-Biz) awarded $123 million in CalCompetes grants and tax credits to create over 6,800 full-time jobs with an average salary of $113,013.
“California is dominating new industries and investing in the future of the world’s most innovative companies,” said Governor Newsom. “We’re on track to become the world’s 4th largest economy because of the work we’re putting in to support cutting-edge businesses – creating thousands of high-paying jobs across the state, fostering innovation, and generating new opportunities for thousands of Californians.”
“California Competes continues to be a key program that attracts and retains employers, who in turn create good-paying jobs and economic opportunity for workers across our state,” said Dee Dee Myers, Senior Advisor to Governor Newsom and Director of GO-Biz. “We’re excited to build …

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