New, 2013 Grand Boulevard Initiative Progress Report

The 2013 Grand Boulevard Initiative Progress Report showcases the success of the member organizations towards achieving the Grand Boulevard Vision. The document summarizes Grand Boulevard studies and highlights exceptional projects and plans in each Corridor jurisdiction. A foldout insert to the document contains an infographic that tells the story of the history, present, and future of the El Camino Real Corridor.

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EMC Research Releases Polling Data Regarding Looming BART Strike

New poll finds overwhelming agreement that BART workers should accept the current contract offer to avoid another strike.

To view Press Release, click here

To view BART poll, click here

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Wells Fargo Releases: California’s Broadening Economic Recovery REport

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

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SamTrans Introduces: Peninsula Fleet Share Program

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

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San Mateo County “Sweet 16″

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.”

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“Next Big Thing” San Mateo County Startups

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.

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Caltrain News: CTC Votes to Release $39.8 Million to Advance Caltrain Modernization Project

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

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High-Speed Rail Authority Applauds Release of Prop1A Funds for Local Rail Improvements

“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

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Cindy Chavez and Rosanne Foust: Only ‘Declinists’ Oppose California’s High-Speed Rail

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

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Business Snapshot of Governor’s Proposed Budget

  • 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

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