Economy

Budget Plan: Fiscal Stability Now, Future Search for New Funds

In his recently released state budget proposal, Governor Gavin Newsom made two important and supportive statements on California’s business and economic climate. First, he reinforced...

Finance Director on State Budget: Extraordinary Times Punctuated by Uncertainty

We are in extraordinary times right now, but that is punctuated by a lot of uncertainty, California Finance Director Keely Martin Bosler commented yesterday...

Newsom Proposes $144 Billion California Budget With Focus On Education, Building Reserves

Newsom on Thursday proposed a $144 billion general fund spending plan in his first budget, a 4 percent increase. Capital Public Radio

Gavin Newsom Will Release His First California Budget Proposal Thursday. Here’s What We Know.

California Gov. Gavin Newsom will propose his first-ever state budget on Thursday, just three days after being sworn in and as the state continues...

28 CalChamber Member Companies Recognized as Best Places to Work in 2019

Twenty-eight California Chamber of Commerce member companies were chosen in a recent Glassdoor survey as some of the best places to work. The Glassdoor survey...

Economic Advisory Council: Data Showing Balanced Growth Contrasts with Public Pessimism on State of...

The outlook for the U.S. economy hasn’t changed much over the course of 2018, despite the fact that the nation is on the edge...

State-Run Retirement Savings Plan Gets OK; Mandatory Enrollment Coming in 2020

California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via the private market or...

CalChamber Poll: Job Optimism, Housing Anxiety, Support for Bipartisanship

California voters are feeling better about the economy, but are still anxious about the cost of living, according to the recently released 2018 CalChamber...

IRS Highlights Tax Changes Affecting Small Businesses

The Internal Revenue Service is urging small business owners to learn about how the new tax law changes may affect them. The Tax Cuts and...

Governor Vetoes Last CalChamber Identified Job Killer Bill of 2017-2018 Legislative Session

AB 3080 Would Have Banned Arbitration Agreements Beneficial to Employees, Employers, Courts The last CalChamber identified Job Killer bill of the 2017-2018 Legislative Session, AB...

Study: One-Size-Fits-All Approach to Independent Contractors Ignores Value to California’s Economy

A wholesale reclassification of workers would have significant consequences for many different sectors in the state’s economy, according to a recent study by Beacon...

Economic Advisory Council: U.S Economic Expansion Continues, But Growth Surge May Be Temporary

Far from losing steam, the U.S. economy has been on a solid upswing lately. But as always, a deeper look at the data suggests...

Independent Contractor Coalition Continues Working for Legislative Solution

The effort to develop a proposal supporting the ability of workers to work independently will continue through the legislative recess. As many employers know, the...

High Court Ruling Raises Questions on Passage of Local Special Taxes

How many voters does it take to pass a local special tax? Since Proposition 13 in 1978, voters have had the final say on local...

Legislature Returns from Summer Recess to Consider Job Killer Bills

The California State Assembly and Senate return today from their month-long summer recess and will consider the remaining job killer bills over the next...

Coalition Builds Support for Independent Workers

CalChamber-Led Effort The California Chamber of Commerce is leading a coalition of businesses and organizations in support of workers’ ability to work independently. Through its website...

California Film Commission Approves $52 Million in Tax Credits

The California Film Commission this week announced that 19 films have been approved conditionally for $52.2 million in tax credits. This is the fourth...

Governor Signs Budget; Approves Three CalChamber-Supported Bills

Yesterday, Governor Edmund G. Brown Jr. signed his final budget, which included three California Chamber of Commerce-supported budget trailer bills that incorporated language from...

NLRB Poised to Revisit Joint Employer Standard

As the saying goes, history often repeats itself as the National Labor Relations Board (NLRB) demonstrates. In May, NLRB Chairman John F. Ring announced that the...

Job Killer Update: Five Bills Pass to Second House

Friday was the deadline for bills to pass the house in which they were introduced. Only five job killer bills subject to the first...