8/11/2023 0 Comments Local government budget![]() Governor’s Proposals and LAO Comments Local Government Budget Sustainability FundĬommunity Economic Resilience Fund (CERF) Established Last Year. Additionally, the California Film Commission, Travel and Tourism Commission, and the Infrastructure and Economic Development Bank have been assigned for oversight purposes to GO‑Biz. Other units assist international investors, help businesses obtain information about business permits, administer the California Competes Tax Credit Program, and administer the Cannabis Local Equity Grant Program. For example, the California Office of the Small Business Advocate (CalOSBA) provides resources for small businesses and financial assistance for small business advisory centers. Several units of GO‑Biz serve as points of contact for businesses considering relocating to or expanding in California. These staff provide a wide range of advisory and coordinating roles across the administration related to economic development. Figure 1 shows that the number of positions at GO‑Biz has increased by 66 percent over the last five years. Since then, the responsibilities of the office have been expanded significantly. ![]() GO‑Biz was established statutorily in 2011 to be the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. The 2003‑04 Budget Act abolished the agency and state funding for many of its programs designed to encourage economic development. ![]() Prior to 2003, the majority of the state’s economic development programs were housed within the Technology, Trade, and Commerce Agency. ![]() The state has had various economic development departments over time. GO‑Biz Coordinates Business Assistance and Economic Development Activities. This post provides some background about the Governor’s Office of Business and Economic Development (GO‑Biz), describes the Governor’s budget proposals for GO‑Biz, and offers comments and issues for the Legislature to consider. The 2022-23 Budget Governor’s Office of Business and Economic Development Proposals ![]()
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