Viewing blog posts written by Gino DiCaro


With 3.6% CA MFG growth, lots of room for improvement

Posted by Gino DiCaro, VP, Communications on Aug. 7, 2017

California continues to lag the country's manufacturing growth.  While California grew its manufacturing jobs by 3.6 percent, the rest of the country picked up 8.6 percent since the end of the recession.  Some big winner states include Kentucky at 20.5 percent, Indiana at 19.9 percent, South Carolina and Tennessee both at 16.5 percent, Colorado at 15.4 percent, and Ohio at 12.0 percent.  California must keep up the drumbeat of policies to atttract new manufacturing investment.

 





0 comments | Post your comment

Send a signal to potential CA MFG investments now

Posted by Dorothy Rothrock, President on June 12, 2017

I penned the piece below this week for the LA Daily News on the urgency of extending the State's sales tax exemption on manufacturing equipment purchases. California must send a message soon that we want to attract the manufacturing jobs and investments we need to support a growing middle class in the State.

Guest Commentary: Manufacturers need help from California tax policy

Every day we hear about manufacturers embracing exciting new technologies to improve products, speed up production and be ever more efficient and environmentally responsible. Manufacturing workers are using robotics, sensors, 3D equipment and computerized supply-chain logistics to make their companies more competitive.

As the largest industrial state in the country, California must look for ways to capitalize on these trends by encouraging new manufacturing investments and jobs. Buying new manufacturing equipment is not cheap, but there is something our lawmakers can do to help.

Competitive tax policy for the purchase of manufacturing equipment is scheduled to expire in 2022. That sounds like a world away, but manufacturers are long-term planners who need more than five years of predictable tax policy to commit to major manufacturing investments. Unless we act soon, we will again become one of a few states that tax these purchases. … READ MORE ON LA DAILY NEWS





0 comments | Post your comment

Update: Most populous state in the U.S. attracts only 1.6% of reshored jobs

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

For the first time in decades, more manufacturing jobs are returning to the United States than are going offshore, but California, the most populous state in the Union, is struggling to compete for its share. Recently the Reshoring Initiative, based out of Kildeer Illinois, updated their cumulative numbers of reported reshored jobs since 2010 to include the year 2016.

While the country continues to benefit from a substantial amount of companies finding fertile ground back in the U.S., California only gained 1.6 percent of the total share. Specifically we attracted 5,229 jobs of the total 325,996*.  On a per capita basis, we attracted only 138.2 per 1 million people when the rest of the country reshored 1,165.3 per one million.  On a positive note, our percentage is up a bit from 1.1 percent in last year's 2013-2015 report.

You’ll find the data in charts #8 and #9 at their report here

*This is the reported number. The Initiative uses a formula for the larger total number in the narrative, which is 338,000. That would likely bring California’s percentage lower.

 

** This blog has been updated since it posted to reflect a mistake in the data time period. It was from 2013 to 2016, not 2010 to 2016. Also posted a chart.





0 comments | Post your comment

LAEDC issues report on LA manufacturing

Posted by Gino DiCaro, VP, Communications on Feb. 27, 2017

The Los Angeles County Economic Development Corp. released a report last week showing the loss of L.A. manufacturing jobs to lower paying jobs. Don't miss the LA Daily News article by Kevin Smith on the report: 

LA County’s manufacturing jobs have been replaced by lower paying work 

L.A. County’s manufacturing sector has suffered massive job losses over the last decade, but a new report points to worse news — those positions have been replaced by jobs that pay less than half as much.

That’s the sweep of a new report released Wednesday by the Los Angeles County Economic Development Corp.

The region has lost 89,000 manufacturing jobs since 2007. Those jobs paid an average annual wage of $52,000. During that same period the county added 92,000 new jobs in the food service industry, but the average yearly pay for those jobs is just $20,000 ... READ MORE ON LA DAILY NEWS





0 comments | Post your comment

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
View next 5 entries

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