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

Mar 18, 2025 - The NSTC is a cooperative public-private effort to advance semiconductor research and development (R &D). Natcast is the nonprofit organization in charge of the NSTC. Natcast Currently Relies on Federal Funding.
https://lao.ca.gov/Publications/Report/5018

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Additional funding is available through the the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), which provides incentives to public and private entities to buy zero-emission, heavy-duty trucks and buses.
https://lao.ca.gov/Publications/Report/4890

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - An increase in public spending may also “crowd in ” (encourage) or crowd out (displace) some private ‑sector spending and investment. Such private sector responses further affect the size of the multiplier.
https://lao.ca.gov/Publications/Report/4331

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

Feb 11, 2022 - The beneficiaries would primarily be private, for ‑profit companies. We note that if adopting common data standards would significantly alleviate supply chain congestion, there would be a clear private ‑sector interest in paying to implement the recommendations using their own  funds.
https://lao.ca.gov/Publications/Report/4529

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - For some service‑based programs, the state pays specific rates to private and nonprofit entities to deliver services to program beneficiaries. Examples of provider rates include child care vouchers, Medi‑Cal managed care payments, and developmental service provider rates.
https://lao.ca.gov/Publications/Report/4647

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - This program allowed eligible businesses to borrow funds from private lenders. If the businesses met certain conditions, such as maintaining specified employment and compensation levels, they could then apply to the federal Small Business Administration (SBA) through their lender to have the loans forgiven.
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - In  some cases, state special funds, or local, regional, and private funds, may be more appropriate sources of funding. Lack of Key Details. Many of the proposals lack important details on cost justifications, workload estimates, and implementation.
https://lao.ca.gov/Publications/Report/4540

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Growing Companies Have Unprecedented Access to Private Funding. Another advantage of a grant over a tax credit is that the business does not have to wait to receive the money. Under current economic conditions, however, the types of businesses served by California Competes —in particular, businesses that are expanding —have good private sector financing options.
https://lao.ca.gov/Publications/Report/4327

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Other unusual questions relate to: (1)  disaster unemployment assistance, a special federal program for workers in disaster areas; (2)  pension income; (3)  workers ’ compensation and disability benefits for injured workers; (4)  the worker ’s prospects of starting a self ‑employment business; (5)  whether the worker is the officer of a private corporation; (6)  whether the
https://lao.ca.gov/Publications/Report/4615