Viewing blog posts written by Rob Sanger


Go-Biz tax credit and other CA incentive programs for 2017

Posted by Rob Sanger, on Jan. 4, 2017

GO-Biz Now Accepting Applications for California Competes Tax Credits


The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  There are $100 million in tax credits available during this application period for businesses that are expanding and adding full-time jobs in the state.  The deadline to submit applications is Monday, January 23, 2017, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. 

See if your competitor accessed these funds in 2016:  http://www.business.ca.gov/Portals/pdf

Contact Rob Sanger, 916-498-3334, for details about this and other California-focused incentive programs. Even if you are not hiring new employees, but you are investing in new equipment or other capital improvements, your company may still qualify.





0 comments | Post your comment

California not taking advantage of reshores

Posted by Gino DiCaro, VP, Communications on Nov. 17, 2016

Dr. Harry Moser and the Reshoring Initiative are working to bring good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, and shift collective thinking from "offshoring is cheaper" to "local reduces the total cost of ownership".

Acccording to Moser, most companies make sourcing decisions based solely on price, oftentimes resulting in a 20 to 30 percent miscalculation of actual offshoring costs. HIs Total Cost of Ownership (TCO) Estimator helps companies account for all relevant factors — overhead, balance sheet, risks, corporate strategy and other external and internal business considerations. Using this information companies are coming back to the U.S. and reshoring their facilities, for which our country's middle class benefits tremendously.

Unfortunately a look at the Reshoring Initiative's regional reshoring data since the recession shows that California has been unable to keep pace with the country and attract an amount of jobs commensurate with the state's size and manufacturing prowess. Even with our proximity to markets we are losing out to other states that can provide lower costs and predicability.

With only one percent of the reshored jobs, California should work to take advantage of the reshoring phenomenon for our middle class and economy. 

 





0 comments | Post your comment

California attracts 2.4% of U.S. reshored jobs

Posted by Gino DiCaro, VP, Communications on June 11, 2015

The Reshoring Initiative, an organization committed to helping manufacturers recognize the profit potential of domestic sourcing and production, has published its updated reshoring numbers that illustrate the U.S. manufacturing advantages driving the manufacturing renaissance. A growing number of companies across the country are bringing thousands of manufacturing jobs home from offshore.

California should do all it can to attract these new jobs.  But according to the Initiative's numbers, California attracted only 34 reshores over the last three years, totaling 884 jobs and a mere 2.4 percent of the overall 36,325 reshored jobs. Further, California was not the destination for any of the top 10 reshoring examples noted below.

Escalating offshore wages are causing companies to reevaluate total costs of doing business overseas and states are fiercely competing for these highly coveted middle class jobs. Each state is promoting their skilled workers, fair taxes and friendly business climates to beat the competition. 
 
California could be a good choice for many of these reshoring decisions.  By focusing on creating a more predictable regulatory environment with less litigation and affordable energy, we could attract our fair share of reshoring investments. 
 

Top 10 Reshoring cases

 

 





0 comments | Post your comment

Copyright © 2017, California Manufacturers & Technology Association. All rights reserved.