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Jobs and Economic Competitiveness

OPPORTUNITY

The North Bay economy is growing but not at the same clip as San Francisco and the South Bay.  The middle class jobs lost in the recession have not returned to their former level.  We want to create high paying jobs commensurate with the high cost of living in this region.  The North Bay has a high level of college-educated residents and appeals to CEOs from around the world because of its unique offering of physical beauty, extraordinary lifestyle and geographic proximity to the bustling Bay Area to the south.  Industry clusters of tourism and hospitality, biotech/life sciences and creative professionals are leading the way towards North Bay’s economic vitality.

CHALLENGE

Business attraction is limited due to the North Bay’s well-earned reputation for being anti-business.  NBLC seeks to change that reality and is working with local agencies to become more business friendly.  Business retention is a concern due to the high housing costs and gridlocked roads.  Many jobs are going unfilled causing concerns about companies leaving the area.  In addition, other regions and states are wooing our businesses with incentives, skilled talent pools and lower costs.  California, as the 7th largest economy, has been a leader and must act to maintain that position through renewed commitment to economic growth and innovation.   The state lacks an economic development plan and should create one that will guide all state functions towards economic competitiveness, job creation and sustainable economic development.

WHAT WE SEEK

NBLC urges:

  • Continuing the California Competes Tax Credit to Target Export-Oriented Industries with Regional Significance
  • Enabling Greater Trade Facilitation (including California Export Finance Office)
  • Establishing a permanent CA Sales and Use Tax Exemption on R&D/Manufacturing Equipment Purchases: Improve existing partial and temporary exemption
  • Improve CA Research and Development Tax Credit: Support solutions to expand R&D investment in California.
  • Support establishing a California New Markets Tax Credits program

Ongoing Initiatives:

  • Increasing Accessibility to Public-Private Partnerships
  • Modernizing CEQA

A state Economic Development Plan, focused on creating well-paying jobs, that guides state programs and spending 

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