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Tag: california economy

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Hollywood Production Spikes after Tax Breaks

In May, the California State Assembly unanimously passed AB 1839, a bill that expanded California’s existing film and TV tax credit and incentive program. According to a new report, the move is working, as Hollywood has seen a resurgence in the number of TV programs being filmed in the state.

AP Photo

UCLA California Forecast: ‘We’re in a World of Hurt’

The UCLA Anderson Forecast released on Friday predicts that California will help drive the nation’s economic recovery this year with an expected labor force growth of 128,000 new workers, or +2.1 percent. But Forecast’s Director Ed Leamer cautioned that while California payrolls reached a new high of 17.8 million jobs, the number is still running 16 percent behind states’ long-term trend. Leamer’s concluded, “We’re in a world of hurt.”

Reuters

California’s High Cost of ‘Sustainable Power’ Kills Jobs

California’s commercial and industrial energy costs are about 37% higher than the national average in the continental United States due to Governor Brown’s 33% sustainable energy mandate. And with rates 41% to 46% higher in San Diego County than the national average, local investment and job growth are being hammered.