Economy

travel-tourism

Travel Outlook: California Tourism Projected to Decline Following Strong 2024

May is California Tourism Month — a time to recognize one of the most dynamic engines of the state’s economy: the travel and tourism...

CalChamber Comments on Governor’s May Revise Budget Proposal

Following Governor Gavin Newsom’s revised state budget announcement yesterday, CalChamber President and CEO Jennifer Barrera issued the following statement: “The revised budget plan addresses a...
Cost Drivers

Cost Driver Creating New Reasons to Sue for Consumer-Friendly Pricing Awaits Assembly Action

Legislation identified by the California Chamber of Commerce as a Cost Driver that will hurt existing consumer-friendly pricing practices passed an Assembly policy committee...
Cost Cutters

Cost Cutter Work Opportunity Tax Credit Bill Moves in Assembly

Cost Cutter legislation that helps small businesses who choose to give a second chance to previously incarcerated individuals is moving in the California Assembly. AB...
Cost Cutters

Cost Cutters Update: Bills Reducing Costs Moving through Legislature

A number of proposals identified by the California Chamber of Commerce as Cost Cutters that reduce expenses for Californians are moving in the Legislature. Following...
Cost Drivers

Health Care Cost Driver Bill Held for Year

This week, the author of a health care bill identified by the California Chamber of Commerce as a Cost Driver that will increase premiums...
Cost Drivers

Cost Driver Bill Pulled from Committee Due to Lack of Support

A Cost Driver bill imposing retroactive liability on companies for lawful activities dating back to 1990 was not considered as scheduled this week in...
Cost Drivers

Cost Driver Bills Set for Legislative Hearings This Week

Among the many California Chamber of Commerce priority bills scheduled for legislative hearings this week are the following CalChamber-opposed Cost Driver proposals. Monday, April 28 SB...
Affordability Agenda

Cost Cutter Energy Bill Clears First Committee with Unanimous Support

A bill strongly supported by the California Chamber of Commerce as a Cost Cutter that will reduce energy costs for Californians won unanimous support...
Affordability Agenda

Senate Committee to Consider 3 Cost Driver Bills Today

Three bills identified by the California Chamber of Commerce as Cost Drivers are scheduled to be considered today by the Senate Labor, Public Employment...
Affordability Agenda

Cost Driver Bills Set for Hearing Today

Two bills identified by the California Chamber of Commerce as Cost Drivers are among the many CalChamber priority bills scheduled to be considered by...
Support

Tariffs Study Bill Moves with CalChamber Support

More information to evaluate the full impact of federal tariffs and reciprocal tariffs on the California economy will become available if a California Chamber...

Visit LA: Support Local Businesses and Help the Region Recover from Wildfires

California’s tourism board is urging tourists to visit Los Angeles County and help support the region’s local businesses and economy. Wildfires have affected certain regions of Los...

State Contracting Insights in Spotlight at Small Business Policy Council

Tips on how small and minority-owned businesses can tackle the process of bidding on contracts with the California Department of Transportation (Caltrans) were the...
California Finance Director Joe Stephenshaw

California Finance Director Details Budget: Fiscal Outlook Improves, Revenue Shortfall Avoided

California is in better fiscal footing than it has been for the last two years and is not expected to have a revenue shortfall,...
California State Capitol Dome

California Governor Proposes $322B Budget with No Deficit

On Friday, Governor Gavin Newsom presented a balanced $322.3 budget without a deficit. His fiscal plan provides for $228.9 billion in general fund spending and...
R And D

Business Leaders Urge Newsom to Restore R&D Tax Credit

The California Chamber of Commerce and a coalition of business leaders are urging Governor Gavin Newsom to consider restoring California’s Research and Development (R&D)...
Loren Kaye

Legislative Analyst Forecasts Multiyear State Budget Deficits

The new year will bring in big changes to California politics and governance. Some 35 new legislators will start work in the State Capitol. A...
Shop Owners

US Chamber Small Business Outlook: Confidence Continues to Rise

In the first set of data collected after the election, small business owners are bullish about growth and profitability.  The U.S. Chamber of Commerce weekly...
Peoples Voice 202424

The People’s Voice: Should I Stay or Should I Go?

Yesterday’s story on the CalChamber poll, The People’s Voice, 2024, reported that California voters have grown more anxious and pessimistic about living in California....