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 be valued at under $1 billion.

View Article

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 used to further design work for Caltrain’s advanced signal system project known as the Communications Based Overlay Signal System with Positive Train Control (CBOSS PTC).

View Caltrain Press Release

“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 especially true of high-speed rail….”

View CA HSR Op-Ed

• 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
  taxes.
• $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
Project

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