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

Feb 20, 2024 - The ISRF, administered by the California Infrastructure and Economic Development Bank ( IBank ), provides low-cost loans to public agencies to support infrastructure projects. ISRF loans typically offer lower interest rates and longer repayment periods than public agencies could receive from other financing sources.
https://lao.ca.gov/Publications/Report/4846

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package removes both (1)  savings and loans, and (2)  banking or financial business from the list of QBA from tax year 2025 onwards. The administration estimates this change will increase revenues by $330  million in fiscal year 2025-26, decreasing slightly to $270  million by 2028-29.
https://lao.ca.gov/Publications/Report/5081

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

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

Feb 11, 2022 - Additionally, the California Film Commission, Travel and Tourism Commission, and the Infrastructure and Economic Development Bank have been assigned for oversight purposes to GO‑Biz. Governor ’s Proposals and LAO Comments Local Government Budget Sustainability Fund Community Economic Resilience Fund (CERF) Established Last Year.
https://lao.ca.gov/Publications/Report/4529

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - For example, federal financial assistance provided to businesses in April 2020 t hrough the Paycheck Protection Program flowed first to businesses with existing relationships with banks. Less affluent communities also may be less prepared to compete for stimulus spending.
https://lao.ca.gov/Publications/Report/4331

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Growing businesses can raise funds in two ways: they can sell stock equity or borrow money from a bank (or a non ‑depository lender). Despite the challenging economic conditions because of the pandemic, this is a remarkably good time for businesses to raise capital through either approach.
https://lao.ca.gov/Publications/Report/4327