Economic Development News
*Provided by the Governor’s Office of Business and Economic Development The Governor’s Office of Business and Economic Development (GO-Biz) proposes to adopt amendments to Title 10, Chapter 13, Article 1, Sections 8000, 8020, and 8030 after considering all comments, objections, and recommendations regarding the Proposed Action. These proposed regulatory amendments are hereafter referred to as the “Proposed Action.” PUBLIC PROCEEDINGS, AUTHORITY, AND REFERENCE Any interested person, or his or her authorized representative, may submit written comments relevant to the Proposed Action to GO-Biz at the address below. Comments may also be submitted by email to firstname.lastname@example.org. The written comment period closes [...]
*Provided by the California Legislative Information Read full bill here Description: "AB 2853, Medina. Local government: economic development subsidies.Existing law requires each local agency, as defined, to provide specified information to the public before approving an economic development subsidy within its jurisdiction, and to, among other things, hold hearings and report on those subsidies, as provided. Existing law defines “economic development subsidy” for these purposes to mean any expenditure of public funds or loss of revenue to a local agency in the amount of $100,000 or more, for the purpose of stimulating economic development within the jurisdiction of a local [...]
Cal OES 2018 Notice of Funding Opportunity for Pre-Disaster Mitigation & Mitigation Assistance Program
*Provided by California Governor's Office of Emergency Services The California Governor's Office of Emergency Services (Cal OES) has received the Notice of Funding Opportunity (NOFO) announcement for the 2018 Pre-Disaster Mitigation (PDM) and the Flood Mitigation Assistance (FMA) Grant Programs. This includes $235.2 million nationwide for the PDM Program and $160 million nationwide for the FMA Program. These programs provide funding for the development of local hazard mitigation plans (LHMPs) and implementation of hazard mitigation projects. The NOFO and specific Cal OES information concerning the funding opportunities, NOI, application process/instructions, and webinar schedule may be accessed on the Cal OES Pre-Disaster and Flood Mitigation [...]
SCORE/SBA & Home Shopping Network (HSN) have Partnered to Give Small Business An Opportunity to Promote their idea on TV
SCORE/SBA and Home Shopping Network (HSN) have partnered up to search for new consumer products to be introduced to HSN's audience of 96 million households! Start-up/small business clients who focus on consumer products, and encouraging them to submit their product offering evaluation. This is a unique opportunity for the nascent entrepreneurs o pitch their new consumer products directly to hSN senior executives. If selected, they get a chance to present their products on "American Dreams" a new HSN TV show. Additionally, HSN will commit to purchasing a renegotiated number of units and placing their products on the HSN eCommerce site [...]
*Provided by the League of California Cities League Shares New Cannabis Regulations that Undermine Local Authority to Ban Deliveries Proposed Bureau of Cannabis Control (BCC) regulations released in July would preempt cities’ local control and regulatory authority in several ways. The regulations would authorize cannabis businesses to deliver in any jurisdiction and reduce the amount of time cities have to determine the validity of a cannabis business license. If approved, the regulations formally adopt the emergency regulations BCC implemented in December 2017. Cities have until Aug. 27 to voice opposition to this problematic proposal. Proposed Regulation Details Under the proposed [...]
*Provided by Jorgenson Consulting and Development Counsellors International Nominate a Rising Star in Economic Development for the 40 Under 40 Awards 40 Under 40 is a biennial awards program recognizing the top “rising stars” under 40 years old in the economic development industry. This year, DCI is proud to partner with Jorgenson Consulting, a leading national executive search firm, to find the most innovative, impactful young economic developers around the globe. Do you know someone in the industry who has made a big splash in their community? Maybe they implemented a new program supporting local start-ups or spearheaded an RFP that [...]
*Provided by the League of California Cities Apply for $500 Million in Grants to Address Homelessness Crisis at Local Level Applications Accepted Starting Sept. 5 Cities are eligible to apply for a Homeless Emergency Aid Program (HEAP) grant through the California Homeless Coordinating and Financing Council (HCFC). HEAP is the $500 million block grant program designed to provide direct assistance to cities and counties to address the homelessness crisis throughout California authorized by this year’s budget. Important Dates The first Notice of Funding Availability (NOFA) will be released on Sept. 5 and applications will be accepted at that date through Dec. 31. The [...]
USDA Awards $125,000 to the California Association for Local Economic Development for Rural Financial Assistance
The U.S. Department of Agriculture: Rural Development has awarded the California Association for Local Economic Development (CALED) $125,000 to help rural communities finance rural infrastructure. July 30, 2018 – On Thursday, July 26 2018 the Central Sierra Economic Development District (CSEDD) hosted a Summit & Workshop with neighboring counties of Tuolumne, Mariposa, Calaveras, Alpine, and Amador. At the event, Kim Dolbow Vann, the California State Director for USDA Rural Development, announced that CALED has been awarded $125,0000 for rural financial assistance. The grant will allow CALED to work with three rural counties: Colusa, Del Norte, and Mono, to identify [...]
*Provided by the Governor's Office of Business and Economic Development Overview The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements a re negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules. California Competes Tax Credit Webinar Information Prior to each application period, GO-Biz hosts online [...]
The CDFA California Financing Roundtable is a special one-day conference. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the California economy going forward. Meet your colleagues in the development finance industry and share best practices and approaches for financing economic development in the state The agenda for the CDFA California Financing Roundtable is now online. Check out the excellent topics that will be covered, including: Legislative Update: Sacramento to D.C. Public-Private Partnerships + Innovative Infrastructure Next Wave Infrastructure: Working with [...]
The Community Development Financial Institutions (CDFI) Fund today opened fiscal year 2018 funding round for the Capital Magnet Fund. The CDFI Fund will award approximately $142.9 million to CDFIs and qualified nonprofit housing organizations this year to finance affordable housing activities, related economic development activities and community service facilities, with the goal of attracting private capital to economically distressed communities. The two-part application and guidelines can be found on the CDFI website. The deadline to file the SF-424 form is Aug. 20 at 11:59 p.m. ET and the Capital Magnet Fund application is due by Sept. 17 at 5 p.m. [...]
*Information Provided by the California Consulting State Water Resources Control Board: Proposition 1 Small Community Wastewater Program Deadline: Continuous Amount/Financing: $260 Million allocated to program. Like CWSRF (see above) there is no maximum funding or disbursement limits. Financing Term up to 30 years or the useful life of the project. Interest Rate is ½ the most recent General Obligation (GO) Bond Rate at time of funding approval. Eligibility: Most cities, towns, districts, or other public bodies created under state law, including state agencies Section 79723 of Prop 1 allocates $260 million to the Clean Water State Revolving Fund (CWSRF) Small Community Grant (SCG) Fund. The [...]
2018 California Land Recycling Conference October 24 & 25, 2018 | Carson, CA This two-day statewide event will bring together public, private and non-profit leaders from throughout California. This first-of-its-kind gathering will engage regulators and highlight tools and funding sources to advance land reuse. Participate in the event as California continues to address brownfield redevelopment in a brave new world post-Redevelopment Agencies. For more information and to register visit: www.cclr.org/california-land-recycling-conference-2018
*Provided by the California State Assembly Jobs, Economic Development, and the Economy Committee (JEDE). Thank you to the JEDE staff and team for their work on this analysis The stability and financial integrity of national, state, and local budgets are important to the long-term growth of an economy. Governments play crucial roles in supporting the highly integrated set of economic drivers, including preparing a qualified workforce, building infrastructure, and setting regulatory and administrative rules for accessing capital, deploying investments, and utilizing public services and resources. Further, when governments fail to adopt and maintain balanced budgets they also compete with and can sometimes crowd-out or raise costs for [...]
*Provided by HCD Announcement on Friday July 13, 2018 Required by the federal Department of Housing and Urban Development (HUD), the Annual Action Plan is an annual update of the 2015-2020 Consolidated Plan. California's Consolidated Plan is a five-year plan that examines the housing and community development needs of Californians and their communities and lays out how federal funds will be used to address these needs and improve the quality of life for Californians. The 2018-19 Annual Action Plan Draft (AP), addresses the administration of 2018 federal funds under the: Community Development Block Grant (CDBG) program Home Investment Partnerships (HOME) program Emergency Solutions Grant (ESG) [...]
The competitive grant program is designed to help cities and counties reduce the impact of such threats, which are expected to increase over the next decade. These risks inlcude extreme heat, wildfires, drought, sea level rise, flooding and other extreme weather events. An advisory panel of planning and sustainability experts from the Los Angeles Regional Collaborative for Climate Action and Sustainability (LARC), Climate Resolve, and the American Planning Association-California Chapter (APA-California) will select the winning applications from throughout Southern and Central California. SoCalGas will award grants of $50,000 each to two municipalities to support local planning efforts to prepare for climate-change [...]
The EDA invites you to apply to the 10th Americas Competitiveness Exchanges on Innovation and Entrepreneurship (ACE) that will take place from Sunday, October 21 to Sunday, October 28, 2018 showcasing key Northern California destinations that are helping to move the success that is Silicon Valley’s Innovation and Entrepreneurial Ecosystem across the Golden State. You will be able to visit San Francisco, Silicon Valley, Santa Cruz, Monterey, Salinas, Fresno, Sacramento, and Davis and explore potential partnerships with universities, private sector partners, state and local governments, and non-profits. For more information, click the image.
On July 10, the Kresge and Rockefeller foundations hosted a webinar to give an overview and answer questions about their joint request for Letters of Inquiry (LOIs) related to Opportunity Zones. This recording includes the full presentation including the question and answer period. For more information, click the image.
Dear Members, I want to personally thank you for your CALED membership in 2017-18. CALED is a member-driven organization dedicated to providing our members with the tools and information they need to be successful in today’s competitive economic development environment. Your continued support and involvement is what makes CALED the voice for economic development in California. Read more here!
The U.S. Economic Development Administration (EDA) today published the FY 2018 Economic Development Assistance Programs (EDAP) Notice of Funding Opportunity (NOFO). Under this NOFO, EDA solicits applications for construction, non-construction, planning, technical assistance, and revolving loan fund projects under EDA’s Public Works program and Economic Adjustment Assistance (EAA) programs, which includes Assistance to Coal Communities. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities, including those negatively impacted by changes to the [...]
“Another Voice: Railroads Key To California’s Economic, Environmental Future” An Article By Gurbax Sahota
Public officials just reached another milestone in California’s quest to get 5 million zero-emission cars on our roads by 2030. In a unanimous decision, the California Public Utilities Commission voted May 31 to invest $768 million in electric vehicle infrastructure. This move follows a green infrastructure trend, with the Ports of Los Angeles and Long Beach having unveiled an ambitious plan last November to move to zero-emission cargohandling equipment over the next several decades. This dual focus on infrastructure and the environment is a forward-thinking and critical approach not just to our pollution problems, but also to our economic vitality. As local economic developers we know that a well-developed, modern [...]
Guided by the basic principle that sustainable economic development should be locally-driven, the U.S. Economic Development Administration (EDA) works directly with communities and regions to help them build capacity for economic development based on local business conditions. EDA’s flexible suite of programs support the implementation of locally-devised economic development strategies to address a continuum of economic development challenges – from planning and technical assistance, to infrastructure construction - that make it easier for businesses to start and grow. At the heart of these businesses are some of America’s most creative and hardworking dreamers and doers: entrepreneurs! Embodying the American spirit, [...]
Opportunity Zones provide a new tool for investors, fund managers and communities by utilizing privately sourced funds into eligible economic development and community reinvestment projects. The California Governor's Office of Business and Economic Development (GO-Biz) shares an overview of the Opportunity Zones in California. Click here to download the Overview of Opportunity Zones in California. Learn more about Opportunity Zones by visiting dof.ca.gov. Questions? Feel free to contact GO-Biz at: Main: 916-322-0694 Toll-Free: 877-345-4633 Website: www.business.ca.gov
The recording and slide deck from the May 9 EDA Disaster Supplemental Notice of Funding Opportunity (NOFO) webinar are now available. Click here to access them EDA will also hold an additional Disaster Supplemental NOFO stakeholder webinar next Thursday afternoon, May 17, at 4pm ET. An invitation for this second webinar, which will cover the same content presented yesterday, will be circulated soon.
ConnectHomeUSA is an effort to bridge this digital divide in HUD-assisted communities around the country. Under the leadership of national nonprofit EveryoneOn and with support from HUD, ConnectHomeUSA aims to assist selected communities bring affordable digital resources to their residents so they can connect to the Internet at home and enjoy access to digital literacy, affordable devices, as well as educational content. (Eligible applicants must be at least one local government partner and HUD-grantee providing rental subsidies (e.g. public housing authority, multifamily housing owners, managers, homeless providers of permanent supportive services, etc.) To learn more about this opportunity, please join EveryoneOn and [...]