Wells Fargo releases, “California’s Broadening Economic Recovery” report which states strong growth in the technology sector continues to drive California’s economic recovery, propelling growth throughout the Bay Area. View Report
Peninsula Fleet Share is an 18-month demonstration program whose purpose is to facilitate vehicle sharing arrangements among public, private, and nonprofit organizations in San Mateo County. Peninsula Fleet Share Flyer | More Information
According to a recent article in the San Francisco Business Times, San Mateo County is home to 16 of the “100 Fastest Growing Private Companies in the Bay Area.”
According to a recent article in the Silicon Valley/San Jose Business Journal, San Mateo County is home to 7 startups pegged as the “Next Big Thing” in the Wall Street Journal’s annual ranking of the most promising new venture-backed companies. To be considered, companies had to receive venture funding in the past three years and Learn More…
In the first major milestone to advance Caltrain electrification from the High Speed Rail ‘early investment’ program, the California Transportation Commission voted to release $39.8 million in allocations for critical work to advance the Caltrain Modernization Program and prepare the corridor for a future blended system with California High Speed Rail. The funding will be Learn More…
“The early investment of funds for modernization and improvements to local rail systems is key to delivering a 21st Century Rail Modernization Plan. The investments pave the way for electrification and bringing world-class rail to the Peninsula,” said Jeff Morales, CEO of the California High-Speed Rail Authority.” View CA HSR Press Release
The OpEd in the Mercury News on CA High Speed Rail and Caltrain electrification went statewide in the Daily Clips section of the High Speed Rail e-newsletter. “California needs to start thinking big again and not give in to “declinists,” critics of progress who rear their heads when we need to move forward. This is Learn More…
- Modify legislation that was approved in February of 2009 that allowed
multi-state and multinational corporations to choose between two
methods for stemming the share of their profits that would be taxed in
California beginning in 2011.
- Eliminate tax breaks linked to the state’s enterprise zone and other
geographically targeted programs.
- Loan $362.3 million from the Unemployment Compensation Disability Fund
(State Disability Insurance (SDI) fund) to the General Fund to pay
interest due on loans from the Federal Unemployment Account (FUA). The
Employment Development Department (EDD) began borrowing from the FUA
to pay Unemployment insurance benefits in January 2009 when the
state’s Unemployment Insurance (UI) fund became insolvent.
- Provide $19.5 million to continue the EDD’s Automated Collection
Enhancement System (ACES) for auditing the payment of employer payroll
- $84.4 million in federal funds from the Small Business Jobs and Credit
Act of 2010 for the Small Business Loan Guarantee Program.
- Provides additional funds from the Public Transportation Account to
local transit agencies to maintain the higher level of funding
provided by the fuel tax swap enacted by the legislature in March 2010
Download full Executive Summary prepared by the California Budget
Revised draft of Bay Plan Amendments and BCDC’s Strategic Plan: How
will the revised draft of the Bay Plan Amendments (anticipated release
will be in the first quarter 2011) reflect stakeholder input from the
business, development and local communities perspectives?
Related news from BCDC
How will the new CEQA thresholds for toxic air contaminants affect
infill development on the Peninsula?
Read one opinion from Buchalter Nemer