Tuesday, March 26, 2013

State of California Helps Businesses

Taxes. Regulations. Free money.

These are the three most common topics that come up during business visits of  Monrovia's larger employers when they start talking about how the State of California can help - or how it has hindered - their business.

But the State is working on ways to overcome some of these negative stereotypes by working on proactive ways to keep employers in California.

On Tuesday, City of Monrovia Economic Development staff attended a policy workshop hosted by the LAEDC featuring Kish Rajan, the director of the Gov. Jerry Brown's Office of Business and Economic Development. He provided input on what the State is doing to attract, retain and grow businesses statewide.

Among their areas of focus include:

1) Small businesses advocacy, through programs such as the loan guarantee program and other incentives.
2) A Business Development Team, which looks at how to retain businesses in California.
3) International Business Development.
4) Identifying and promoting "Innovation Hubs" and Entrepreneurship.
5) Infrastructure Development.
6) Improve Marketing of Film, Travel and Tourism Committee efforts.

To learn more about their programs, click here.