Viewing blog posts written by Gino DiCaro


Nebraska and Texas win Governor's Cup awards for investment

Posted by Gino DiCaro, VP, Communications on March 19, 2017

Site Selection magazine released their Governor’s Cup edition this week.  It reflects yearly capital investment project totals and awards a state for most projects and most projects per capita. 

Nebraska Gov. Pete Ricketts joins the elite club of governors to claim a Site Selection Governor’s Cup, by virtue of his state winning the Cup for most capital investment projects per capita (101 such projects for 2016 = 53.7 per 1 million people). 

Texas Gov. Greg Abbott claims his third Governor’s Cup for total qualified projects (642), and the State’s fifth consecutive such Cup. Texas’ winning streak began in 2009. Rounding out the top five in this category are Illinois, North Carolina (289) and Georgia (271). 

California ranked in the top 10 of total projects at 250 but only attracted 6.4 projects per 1 million people. We at CMTA have purchased the underlying data so we can report at a later date on the number of specific manufacturing investments per capita vs. the rest of the country.

You can read Site Selection Magazine's report HERE.





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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.





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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. 

 





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Continued manufacturing job growth lag in CA

Posted by Gino DiCaro, VP, Communications on Sept. 16, 2016

California's jobs report this week showed a loss of 3,400 jobs in August, indicating a continued industrial growth lag in California.  Since the recession the country's manufacturing job base grew by 7.2 percent while California grew by only 3.6 percent. Here's a look at some specific regional and industrial states: Indiana up 17.3 percent, Michigan up 33.3 percent, North Carolina up 6.7 percent, Arizona up 7.5 percent, Oregon up 13.2 percent, Nevada up 10.7 percent.

 





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Let’s get to the bottom of this 500,000 green jobs number

Posted by Gino DiCaro, VP, Communications on Aug. 27, 2016

Growing green jobs is a reason state leaders cite to support ambitious climate change policies.  The policies will spark technological innovations and entrepreneurship to create new industries and jobs but they often say nothing about the losses that may be suffered by consumers and other businesses. 

Senate Pro Tem Kevin deLeon said the following after SB 32 and AB 197 passed this week to set a new climate change target for 2030: 

"We have empirical evidence that's very clear that we have created 500,000 brand new jobs in the clean energy space ... This is not about reducing carbon in the abstract. This is about economic growth. That’s why we are the 6th largest economy in the world. There is rhyme and reason why we have this legislation – its because it leads to job growth."

The California Center for Jobs & The Economy has this to say about green job creation in California. Some highlights:   

  • The “500,000 new jobs” claim has been voiced since 2011, casting serious doubt on the validity of the number.
  • Next 10 identified only 180,0000 green jobs in their 2014 report and has since even reduced that number.
  • A report by Advanced Energy Economy Institute, a primary report used by many advocates, claims 142,000 advanced electricity generation jobs. But EDD data (the government’s gold standard for job tracking) says California has only 18,900 jobs total in the entire sector of "Electric Power Generation, Transportation & Distribution."

Most importantly, the “500,000 new clean energy jobs” claim does not account for jobs lost due to costs in other sectors such as manufacturing.  California’s 1.28 million high-wage manufacturing workers should be concerned that creating a phantom number of new green jobs at their expense is a measure of success for climate policies.





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