The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Funds Initiatives to Improve Coordination in Workforce Development. The 2025-26 budget includes funding for two initiatives, one in the LWDA and one in the Government Operations Agency (GovOps), to improve coordination between the state ’s workforce development and education agencies.
https://lao.ca.gov/Publications/Report/5081/

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - During the first round of CA RISE grants, REDF rated the 161 ESEs that applied based on the legally required criteria: strength of the business model, employment program model, leadership, and financial stability.
https://lao.ca.gov/Publications/Report/5018

Assessing Recent Changes to California Competes

Mar 30, 2020 - Introduction California Competes Provides Financial Incentives to Attract Business Investment. California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Report/4213

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - If Protecting Market Share a Priority, Use of Benchmarks Would Help Improve Fiscal Oversight of Credit. If the Legislature elects to expand the credit, utilizing explicit benchmarks that compare the desired market share to the state ’s current position would help improve fiscal oversight of the credit.
https://lao.ca.gov/Publications/Report/5000

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Background California Competes Provides Incentives to Attract Business Investment.   California Competes  is an economic development tax incentive program that allows GO-Biz to negotiate agreements to provide financial incentives to companies that agree to meet hiring and investment targets.
https://lao.ca.gov/Publications/Report/4846

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Immigration Integration Governor Proposes Package of Funding for Immigration and International Investment Programs. The Governor ’s budget includes $11.6  million General Fund, one time, in 2022 ‑23, and $500,000 annually thereafter, to support several GO ‑Biz functions related to international trade, investment, and economic development.
https://lao.ca.gov/Publications/Report/4529

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - For example, an economic impact study of a transportation investment might estimate the economic benefits of improved mobility and safety, in addition to the direct economic benefits of the engineering and construction activities.
https://lao.ca.gov/Publications/Report/4331

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Financial companies primarily exist to manage their owners ’ investments and assets. The Internal Revenue Service reports that half of all LLCs and partnerships in the U.S. are real estate rental and leasing businesses and 10  p ercent are financial companies.
https://lao.ca.gov/Publications/Report/4207

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Cost of Other Capital Investments. As transit agencies adopt ZEBs, they incur some other significant up-front costs —for example, constructing and maintaining charging infrastructure. Ongoing Costs. To operate buses, transit agencies incur ongoing costs for fuel, maintenance, and repairs.
https://lao.ca.gov/Publications/Report/4890

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Our office and others have raised concerns about the effectiveness of state financial incentives for hiring or business investment. (We analyzed the program in a 2017 r eport, Review of the California Competes Tax Credit , and in a 2020 report, Assessing Recent Changes to California Competes .)
https://lao.ca.gov/Publications/Report/4327