CMTA President's Official Statement on the Governor's Proposed Extension of the Manufacturers Investment Credit
Sutton
Sacramento, CA- - Suspending the Manufacturers Investment Credit (MIC) now would be the wrong thing to do at the wrong time. We appreciate that the governor recognizes the importance of manufacturing jobs and how this sector has suffered in the last two years. Preserving the MIC is a critical first step if we want to encourage business investment and a revitalized economy.
We look forward to working with the Governor on other policies to reduce the high costs of doing business in California. These costs are now 32 percent higher the national average for manufacturers.
High wages, expansion in other sectors of the economy and upward mobility for under skilled workers are all characteristics of manufacturing employment.
The Governor said that, "the first goal of my administration will be creating new jobs and improving California's economy." Manufacturing will be critical to achieving that goal.
