Economy

Travel Industry Poised to Boost California’s Recovery

Summer is traditionally the most popular time for travel in California and with vaccination counts climbing and restrictions being lifted, 2021’s summer travel season...

It’s Time to End 2020’s Emergency Tax Increases

In 2020 California passed a budget that reflected dire financial circumstances. A raging pandemic and shuttered economy led politicians and pundits to believe...

Clock Is Ticking On Legislative Action to Avert Employer Tax Increase

Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...

Almonds Swept California Farms. Then the Water Ran Out.

This article was written by Jesse Newman and first appeared in The Wall Street Journal. As another severe drought takes its toll in California, some farmers...

Supply Chain Disruptions, Labor Shortage Slow Economic Recovery

By now, Americans are used to hearing about some type of shortage. In the early days of the COVID-19 pandemic it was toilet paper...

Garment Industry Job Killer Moves Forward in Assembly

A California Chamber of Commerce-opposed job killer bill that increases costs and liability for nonunionized employers in the California garment manufacturing industry passed the...

Business Groups Urge Restoration of Tax Credits, Net Operating Loss Deduction

The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...

Travel Locally to Help State Recovery

In this episode of The Workplace podcast, California Chamber of Commerce President and CEO Allan Zaremberg, Assemblymember Sharon Quirk-Silva and Visit California President and...

California Tourism Update on June 28 to Detail Stimulus Spending Plan

On the heels of California’s June 15 reopening, Visit California will convene an industrywide Zoom call on Monday, June 28 at 2 p.m. (Pacific...

Legislature Passes Budget, Clearing the Way for Real Budget Negotiations

The Legislature fulfilled its constitutional obligation this week by approving a state budget just ahead of the June 15 deadline. But meeting the formal...

TODAY: California Officially Re-Opens

Today, California turns the page and officially “re-opens” after what was arguably one of the most difficult and dark years in the state’s history....

With COVID Tamed, It’s a ‘Grand Reopening’ in California

California, the first state in America to put in place a coronavirus lockdown, is now turning a page on the pandemic. At the stroke of...

CalChamber, Allies Join Forces to Stop 6 Oppose Bills, Amend 2

California Chamber of Commerce policy advocates working alongside advocates from allied business groups succeeded in stopping six CalChamber-opposed bills from advancing for the year,...

3 Job Killer Bills Still Active; Would Impose Onerous Labor Mandates

Of the 25 job killer bills the CalChamber identified this year, only three are currently moving after four job killer bills missed Friday’s deadline...

Job Killer Bills to Watch Ahead of House of Origin Deadline

Four California Chamber of Commerce job killer bills await action in the legislature this week as Friday marks the last day that non-tax bills...

Californians Hit Beaches, Travel Ahead of Virus Rules Easing

Californians headed to campgrounds, beaches and restaurants over the long holiday weekend as the state prepared to shed some of its coronavirus rules. Southern California...

Uncertainty Hurts R&D Investment That’s Key to State Competitiveness

California’s innovation-based economy pays economic dividends not only in our traditional technology hubs, but in every region of the state and in a wide...

As Economy Lifts Off, Transitory Hiccups in Some Sectors, Inflation Factors to Watch

This Recovery Is Not a Sugar High Overview The parade of robust economic data continues to march onward. The data at the end of the quarter,...

Revenue Surge Permits Huge Hike in Budget Plan

Relying on a “once in a lifetime” surge in state revenues, Governor Gavin Newsom is proposing a revised state budget for 2021–22 roughly $40...

CalChamber Statement on Governor’s Revised Budget Proposal

California Chamber of Commerce President and CEO Allan Zaremberg today issued the following statement in response to the revised budget proposal presented by Governor...