CA Allocates $236M for 40 Transportation Projects
The California Transportation Commission (CTC) has allocated $236 million for 40 transportation projects across the state. Funding includes $190 million from the State Highway Operation and Protection Program for 10 projects to "maintain and preserve the investment in the state highway system and its supporting infrastructure."
CA High-Speed Rail Vote Clears Way for Bond Sale
The California High-Speed Rail Authority approved two funding plans that will clear the way for it to sell $4.7 billion in bonds for construction projects in the Central Valley and on the San Francisco Peninsula.
States Continue to Improve Transparency of Tax Incentive Programs
States have a number of tools at their disposal to promote economic policies. Supporters of lowered taxes on business argue that tax incentives are a great way to stimulate and support economic growth and equality. States have started to develop ways to address these critiques of tax incentive programs.
Private Sector Should Be Involved in State Transportation Fixes
A new study from the California Policy Center explains how private investments could benefit the Golden State's lagging infrastructure. The state's water infrastructure has not been expanded since the 1970s and is designed to accommodate 20 million residents when California now has nearly 40 million residents. Its energy infrastructure is increasingly oriented toward renewables, without a clear plan to achieve the distribution and storage upgrades necessary to realize this dramatic shift.
Clearinghouse CDFI Awarded $65M in New Market Tax Credits
Clearinghouse Community Development Financial Institution announced that it has been awarded a $65 million New Markets Tax Credit allocation from the United States Department of Treasury CDFI Fund. Clearinghouse CDFI will use the credits to provide financing for affordable housing, commercial real estate, small business loans, and other projects located in low-income and distressed communities.
Opportunity to Provide Input on New CA Energy Efficiency Financing Pilot Programs
The California Hub for Energy Efficiency Finance (CHEEF) is developing statewide commercial energy efficiency financing programs designed to bring attractive financing to small businesses and large commercial customers. The programs include $14 million of credit enhancements available to participating financial entities, a statewide marketing campaign and on-bill repayment options. CHEEF is requesting stakeholder comments on proposed program guidelines by December 15th.
Drone Maker Accepts Tax Break to Add More Than 100 Jobs in CA
Composite Engineering Inc., a manufacturer of unmanned aerial systems, accepted a tax credit in return for adding jobs in the Sacramento area over the next five years. The company will receive $679,564 in tax credits in return for adding 119 jobs through the 2020 tax year.
CA Tax Credits Aimed at Boosting Jobs in Central Valley
The Governor's Office of Business and Economic Development (GO-Biz) announced that it had selected 74 companies to receive more than $60 million in tax credits. Statewide, these tax credits are expected to help create 6,568 jobs and generate more than $670 million in investment in California. GO-Biz is allocating approximately $243 million in total tax credits this year.
CA Bullet Train's Bond Funds Shifting Into Local Rail Projects
California voters authorized $9.95 billion in bonds for the $68 billion project, but private and/or foreign governments are unwilling to finance the remainder without assurances of operating subsidies. The bond measure said that $950 million could be spent on local transit systems that would connect to the bullet train.
The Los Angeles Good Food Purchasing Program
In 2011-2012, the Los Angeles Food Policy Council developed the Good Food Purchasing Program (GFPP), an innovative local food procurement policy aimed at building markets for good food to create an equitable food system for all of Los Angeles.
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