Tag: California Economy
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...
CalChamber Issues Statement on Governor’s May Revision
California Chamber of Commerce President and CEO Jennifer Barrera issued the following statement in response to Governor Gavin Newsom’s May Budget Revision released today:
“We...
Travel Making a Comeback, But More Quickly in Some Areas Than Others
May marks the celebration of Tourism Month in the United States, highlighting what for California is a significant sector of the state’s economy.
Travel spending...
We’ve Reached Peak Budget
The Legislative Analyst has cried “last call” for the state budget bash.
Even as the State Legislature enjoys the prospect of spending record budget surpluses, its...
Gas Prices and the Gann Limit
Nothing shouts “cost of living” quite as loudly as gasoline prices in Los Angeles averaging $6.01 a gallon. Inflation has reached a 40-year high...
California Film & TV Tax Credit Program Generates $21.9B in Economic Output, 110,000 Jobs...
California’s Film and Television Tax Credit Program contributed almost $21.9 billion in economic output over five years and supported more than 110,000 total jobs...
California Unemployment Rate Holds Amid Inflation Worries
California’s unemployment rate held steady in January as the nation’s most populous state added 53,600 jobs in a sign the economy is slowly returning...
Blue Diamond Almond Growers Sustain Family Farms, Feed Consumers Worldwide
This article is a part of a series of profiles of CalChamber member companies that are contributing to the state’s economic strength and ability...
Local Chambers Help Businesses Thrive
Working together, the California Chamber of Commerce and local chambers of commerce are a solid force as advocates supporting business-friendly policies and helping California...
California, U.S. Open to Foreign Travelers Starting Nov. 8
California’s tourism industry is anxiously awaiting the day when international travelers will be able to again visit the United States. And that day will...
Still Awaiting Results from Billions in New Taxes for Homelessness, Lawmakers Want Businesses to...
It was only a year ago that Governor Gavin Newsom devoted his entire State-of-the-State address to the dual challenges of housing and homelessness, calling...
Allies Join CalChamber Call for COVID Business Relief
The California Chamber of Commerce and nearly 200 allied business organizations representing all sectors of the economy and employing millions of California workers sent...
Governor’s Budget Proposes Economic Relief, No New Taxes
Nobody would have been surprised if Governor Gavin Newsom had presented his new state budget wearing a neck brace. The whiplash from budget boom...