Tag: California Economy
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,...
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....
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...
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 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....
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...
Extending CalCompetes Is Key to Job Growth and State-Wide Investments
The COVID-19 Pandemic triggered the deepest recession since the Great Depression. But just as the economic toll was steep, so is our economic recovery. ...
Unprecedented Budget Surplus Is Focus of May Revision
To nobody’s surprise, Governor Gavin Newsom on Friday announced another upward revision in the state’s general revenues—a $55 billion bump since January. To the...