In the wake of pandemic-related aid that flowed to the State, local governments, nonprofits, and businesses, discussions about economic development in California revealed some fundamental misperceptions about what it is and how it is implemented. This lack of clarity, particularly when viewed in the context of the potential recession facing our economy, underscores the need [...]
$30 million now available in IDB allocation for small and medium-sized manufacturers to be used for land purchases, facility expansion, new production equipment acquisition, and solar and energy conservation retrofits! CALED CEO Gurbax Sahota and Program Director Michelle Stephens provided public comment to champion the value of manufacturing and economic development at today’s CDLAC hearing. [...]
The California Labor Agency, Governor’s Office of Planning and Research, and Governor's Office of Business and Economic Development recently launched the Community Economic Resilience Fund (CERF) program, a $600 million initiative supporting innovative plans and strategies to diversify local economies and develop sustainable industries. $50 million of that funding is currently being considered to support economic [...]
Sacramento, CA — Gurbax Sahota, President and Chief Executive Officer of the California Association for Local Economic Development (CALED), has been appointed to the 2022 California Entrepreneurship & Economic Mobility Task Force. Tara Lynn Gray, Director of the California Office of the Small Business Advocate (CalOSBA), which is part of the Governor’s Office of Business [...]
SACRAMENTO, Ca. — California’s economy continues to be affected not only by economic disruptions caused by severe weather events, but also the threat of disasters like wildfires, earthquakes and floods, and even a potential recession. Risk assessment, preparedness, response, recovery and resiliency are ongoing concerns for community leaders, who know that it’s not a question [...]