SACRAMENTO – Assembly Speaker Toni G. Atkins on Tuesday reminded employers they will have one month starting next Monday to apply for a share of $45 million in tax credits to help expand and make new hires.
The program, California Competes, is available to businesses of any size, and a quarter of the money has been set aside for small businesses.
California Competes will open its application period on Monday, September 29th, 2014 for $45 million in tax credits to businesses that want to expand and create jobs.
“From San Diego to Silicon Valley, California Competes has already helped companies wanting to start, expand, and create jobs in our state,” said Speaker Atkins (D-San Diego). “With applications for the next funding period starting next week, I encourage California businesses and those that want to be California businesses, to seriously consider applying.”
California Competes has previously awarded $28.9 million in tax credits for businesses. While the next round of funds available is $45 million in credits, there is a total of $150 million available for fiscal year 2014-15.
The California Competes program was created through AB 93, and its companion bill SB 90, both adopted in 2013.
In addition to the tax credits for job creation, the new program offers sales tax relief on the purchase of qualified research and development equipment and manufacturing equipment. The amount of credits available will increase each year until 2018. Twenty-five percent of the credits are reserved for small businesses, those with gross receipts less than $2 million.
California Competes is managed by the Governor’s Office of Business and Economic Development (Go-Biz). The application period ends Monday, October 27th, 2014. Applications will be accepted online and the awards will be announced January 15th, 2014.
Website of California Competes: www.calcompetes.ca.gov
SACRAMENTO – Assembly Speaker Toni G. Atkins (D-San Diego) released the following statement regarding Governor Edmund G. Brown, Jr. signing historic groundwater legislation:
“I commend Governor Brown for signing this historic legislation. California has the most groundwater of any state, but we are the only state without a groundwater management plan. That just doesn’t make sense. You cannot have reliability without a plan to manage groundwater. Now, for the first time in more than a hundred years, California will develop a process to ensure the groundwater in our aquifers is clean and available for generations to come.”
CONTACT: Will Shuck (916) 319-2408
Website of Assembly Speaker Toni G. Atkins: www.asmdc.org/speaker
SACRAMENTO – Assembly Speaker Toni G. Atkins (D-San Diego) released the following statement regarding the end of the 2013-14 Legislative Session:
“I want to thank the members of the Assembly for their hard work and their commitment to the people they represent. The water bond and a groundwater management plan, a fourth on time budget that ensures stability and expands opportunity, a fix to the longtime underfunding of STRS and a real Rainy Day Fund that will help end the cycles of boom and bust are among the chief successes we can be proud of this year. Add to that passing bills to help our film and aerospace industries compete, to protect consumers in the sharing economy, to make it safer for Californians living in residential care facilities and to remove one-use plastic bags from our environment, and it’s clear we have had an enormously productive year that has the potential to shape California far into the future.”
SACRAMENTO – Harnessing private investment and government coordination, Speaker Toni G. Atkins’ bill aiming to expand the use of social innovation financing to address significant social issues is now headed to the Governor.
“In times of economic uncertainty, ongoing budget liabilities, and volatile revenue streams, one of the biggest challenges government encounters is finding upfront resources to invest in innovation,” said Speaker Toni G. Atkins (D-San Diego). “This bill should support local governments already entering into these partnerships, and allow us to take advantage of future federal funding opportunities.”
SACRAMENTO—Assembly Speaker Toni G. Atkins’ bill that would stimulate local economies, redevelop deteriorating structures, and promote affordable housing now awaits the Governor’s go-ahead.
“California is one of the few states to not provide an incentive for the preservation of our historic buildings,” said Speaker Atkins (D-San Diego). “A state tax credit for this purpose would help stimulate local economies, revitalize downtown areas and communities, promote and increase the supply of affordable housing, encourage property maintenance and rehabilitation, and leverage use of the federal rehabilitation tax credit. AB 1999 helps communities adjust to the phase-out of redevelopment dollars and stimulates public and private investment, all while building civic pride as we celebrate our heritage and preserve California's past.”
SACRAMENTO—Assembly Speaker Toni G. Atkins joined Governor Edmund G. Brown, Jr. and other legislative leaders to announce a historic deal to extend and improve California’s Film and Television Tax Credit Program, making it the second largest tax credit program in the nation.
“Not only does extending the Film Tax Credit keep cameras rolling in California, it will keep costumers designing, craft services catering, and carpenters hammering,” said Speaker Atkins (D-San Diego). “It’s just common sense—when California hosts more production, we get more jobs and more revenue—two things our state can always use. I’d like to thank the co-stars of this effort, Assemblymembers Raul Bocanegra and Mike Gatto, President pro Tem-elect Kevin de Leon—and, of course, Governor Brown for ensuring the final scene is a good one.”
(Sacramento) – Assembly Speaker Toni G. Atkins (D-San Diego) convened a special joint session of the California State Legislature to hear an address from Mexico’s President Enrique Peña Nieto. In her introduction, Speaker Atkins, who represents the San Diego region, pledged to continue to work with Mexico on a wide range of shared concerns, including economic and environmental issues. Here’s more from Speaker Atkins in this Assembly Access video.
SACRAMENTO – In response to the humanitarian crisis of unaccompanied minors arriving to California from Central America, new legislation would ensure these children are able to receive appropriate legal representation for their immigration hearings.
Responses from Assemblymembers to the new legislation include:
“With these bills we’re making it clear California wants unaccompanied immigrant children treated as children. We want their well-being ensured, their best interests pursued, and their safety protected. While no longer in the headlines, the humanitarian crisis that has brought so many children to our country continues. While the root causes of this crisis are being addressed, these victimized children deserve to be treated with kindness and justice.” – Speaker Toni G. Atkins (D-San Diego)
(Sacramento) – Speaker of the Assembly Toni G. Atkins (D-San Diego) and several members of the Assembly Democratic Caucus took a time out from their softball practice to accept the ALS Ice Bucket Challenge, drenching themselves with ice filled buckets of water. Speaker Atkins accepted the challenge from Assemblymember Cheryl Brown and made a $100 donation to ALS research. Speaker Atkins is now challenging the Assembly Republican Caucus to accept the ALS Ice Bucket Challenge. Watch the Speaker and Assembly Democrats take the Ice Bucket Challenge in this Assembly Access video. http://www.asmdc.org/speaker
Below is a link to audio of Speaker Atkins and the Assembly Dems:
SACRAMENTO – Legislation by Speaker Toni G. Atkins that would require all residential care facilities for the elderly (RCFEs) to carry liability insurance has been signed into law by Gov. Edmund G. Brown, Jr.
"Liability insurance is a consumer protection that all residents and families of residents in assisted living deserve," said Speaker Atkins (D-San Diego). "Numerous facilities continue to operate on a daily basis without this necessary protection…exposing both them and their residents to great financial risk. This problem could easily be remedied if the facility is just properly insured."