Tag: California Economy

Loren Kaye

Trillion-Dollar Tech and Innovation Sector Key to California Economic Success

Technology and innovation are key drivers of economic development in California, creating well-paid jobs throughout the state and producing an outsized proportion of tax...

Tourism Spending in California Reaches Record High

Travel spending in California reached a new record in 2023 as visitors from around the world flocked to the Golden State. According to a new...
Broken glass

Coalition Urges Lawmakers to Focus Retail Theft Policy on Prevention, Enforcement, Supervision

The California Chamber of Commerce and a coalition of business, local government and public safety organizations sent a joint letter to the Governor and...

State Finance Director Projects Slow Economic Growth; No New Tax Increases Planned

California is expected to see slow but steady revenue growth in the 2024–2025 fiscal year, requiring state leaders to cover a $37.8 billion budget shortfall,...
California State Capitol Dome

Sacramento Snapshot: What to Watch for in the Legislature This Year

From a looming budget deficit to tackling AI, here's what lobbyists in Sacramento are looking at in 2024 There’s a heavy cloud over Sacramento when...

California Personal, Corporate Tax Rates Among the Highest in the Nation

California continues to have one of the worst business competitiveness climates in the country thanks to its high corporate, individual and sales tax rates....
California Capitol

CalChamber Opposition Helps Stop 3 Job Killers, Other Harmful Proposals

Governor Gavin Newsom laid down his lawmaking pen Friday night after signing 890 new laws into effect, and vetoing another 156, including three California...
FDI

Foreign Direct Investment in California Bouncing Back Despite Global Crises

California gained 271 foreign-owned enterprises last year after years of losses caused by the COVID-19 pandemic, according to a recent report. In 2022, an estimated...

California’s Travel Economy on the Mend; Travel Spending Increased 30% in 2022

The COVID-19 pandemic brought economic disruption to almost all sectors of the U.S. economy in 2020, but few industries were as hard hit as...

California’s New Budget Covers $32 Billion Deficit Without Touching Reserves

California Gov. Gavin Newsom and the Democrats who control the state Legislature agreed late Monday on how to spend $310.8 billion over the next...
CalChamber Advocacy

CalChamber Issues Statement on May Revision to the Budget

California Chamber of Commerce President and CEO Jennifer Barrera issued the following statement regarding Governor Gavin Newsom’s May Budget Revise: “We thank Governor Newsom for...

Voters’ Unease on Crime, Homelessness Colors Views of Future

We recently reported on voters’ concerns about the economy and the state’s business climate. Based on the CalChamber poll’s findings, it is safe to...

Economic Uncertainty, Need to Improve Business Climate Top of Mind for California Voters

California voters are readying themselves to face lean economic times, and want state elected leaders to do likewise, according the latest CalChamber poll, the...

California Economy: a Soft Landing, Or a Mild Recession?

The latest UCLA Anderson Forecast for California offers two potential scenarios for California’s economy — a soft landing led by such factors as more...

California Finance Department Spokesperson Explains How State Went From Record Budget Surplus to Possible...

California is no stranger to economic booms and busts. But 2022 may be a prime example of how quickly and drastically the state's fiscal...

Federal Reserve Fights Inflation, Walks Line Between Soft Landing, Recession

The Economy The Drumbeat of a Recession Is Growing Louder, But It Is Probably Not Here Yet We are sure in an odd place, economically speaking....
FDI

Foreign Direct Investment in California, U.S. Rebounding After Dropping During Pandemic

International economies continued to be beset by the detrimental effects of the COVID-19 pandemic last year, reducing the amount of foreign direct investment in...

California’s Tourism Marketing Investment Sees Record Return on Spending

California’s investment in tourism marketing has been paying off, yielding a record $17.1 billion return on advertising spending in 2021, according to Visit California. While...

CalChamber Opposes Bill Jeopardizing State’s Music Industry

A California Chamber of Commerce-opposed bill that would deliver a massive blow to the state’s music industry and drive talent and jobs out of...

Record Budget Surplus Calls for Tripling Down on UI Fund Offset

Californians have traveled a bumpy road to post-pandemic recovery, with healthy employment and wage growth on the one hand, but soaring inflation and cost-of-living...