Category Archives: Not Enough
NUMMI: Too Big to Fail?
Lt. Gov. John Garamendi speaking today at a meeting of the California Commission for Economic Development, is supporting the State’s efforts to make the NUMMI plant in Fremont an Enterprise Zone, but is also calling on the federal government to contribute as well: Lt. Gov. John Garamendi says that he thinks federal stimulus money should [...]
More on NUMMI
Here is a follow up story in the Contra Costa Times discussing the sense of urgency surging through the legislature to save the NUMMI auto plant: With as many as 20,000 jobs — as well as the health of a number of local economies across the state — on the line, Democratic lawmakers are saying [...]
Can the Enterprise Zone Save Toyota?
The Los Angeles Times reports on the desperation in the Legislature to try and save an auto manufacturing factory in Fremont, CA. Perhaps even by using the Enterprise Zone program: State legislators are scrambling to save the last remaining car plant in California. The Bay Area factory, which makes Toyota Corollas, Toyota Tundras and Pontiac [...]
Texas v California
Dan Walters points to a very interesting article in the Economist comparing Texas with California. He chose his favorite paragraphs for Capitol Alert, but this was the key paragraph from my perspective: No state has quite so many overlapping systems of accountability or such a gerrymandered legislature. Ballot initiatives, the crack cocaine of democracy, have [...]
Driving Them Away
Rick Newcombe, president of Creators Syndicate, writes in the Wall Street Journal about their decision to leave Los Angeles: Why We’ll Leave L.A. The business climate is worse than the air quality. If New Yorkers fantasize that doing business here in Los Angeles would be less of a headache, forget about it. This city is [...]
Fortune 500 Company Will Leave CA for CO Tax Breaks
From the Denver Post: A new state law was critical in the decision by the country’s largest kidney-dialysis provider to move its corporate headquarters to Colorado. Currently based in El Segundo, Calif., DaVita Inc. is No. 433 on the Fortune 500 with nearly $6 billion in annual revenue and more than 1,400 dialysis clinics in [...]
North Carolina Luring Businesses With Tax Incentives
California better be careful. Here’s an article from the AP: “Official: NC considers Apple for massive tax break“: North Carolina lawmakers are pushing to give Apple Inc. a multi-million dollar tax break should the company bring an East Coast computer server farm to the state — an estimated $1 billion investment, according to a state [...]
L.A. Business Journal: “Outsiders Make Bolder Moves to Steal L.A. Companies”
A sobering article in the Los Angeles Business Journal, “Outsiders Make Bolder Moves to Steal L.A. Companies:” For Carmen Murray, owner of a custom carpet company in Commerce, the siren song from other states offering free land and lower business costs has finally become too enchanting to ignore. Murray, who owns Rodeo Carpet Mills Corp., [...]
Enterprise Zone Not Enough – Redding
It’s been a while since I’ve had a story for the “Not Enough” category, but here is a new one from the Redding Record Searchlight: It’s possible that nothing anyone in Shasta County could do would have persuaded executives at Millipore, a bioscience- and medical-device manufacturer, to keep the Anderson plant that it acquired in [...]
Enterprise Zone Not Enough in West Sacramento
Apparently, the Enterprise Zone was not enough for this business: When a company decides to leave town, community leaders sometimes try to downplay the impact. But Affymetrix Inc. has been too important to the area’s biotech industry for that. The company confirmed Friday that it’s closing its 9-year-old factory in West Sacramento next spring and [...]
Reversal of Fortune, the Gov Promotes Enterprise Zones, and a New Tax Incentive
Last year I wrote about electric car manufacturer Tesla Motors‘ decision to locate its new facility in Albuquerque instead of the Pittsburg Enterprise Zone. Today Motor Trend reports that Tesla has been wooed back to the Golden State: Like a major-league baseball team threatening to leave for a new city out West unless its rundown, [...]
What About the Enterprise Zone?
The Los Angeles Times tells the story of a local textile company that was considering a move to Las Vegas: Sometimes, what happens in Vegas can stay in Los Angeles. Or, more specifically, in a vacant industrial building in Sylmar. That will be the new home of a 25-year-old Calabasas business named Drapes 4 Show [...]
Enterprise Zone Not Enough – Barstow
From the Desert Dispatch: BARSTOW — A relatively new manufacturing facility is leaving Barstow, taking with it the jobs of several residents. Ecolite Concrete decided to move to Moreno Valley and into a 81,000 square foot facility — nearly four times larger than its Barstow site on State Street. Ecolite representatives did not respond to [...]
Tale of Two Enterprise Zone Applications
There are a pair of stories out today about new communities’ interest in applying for an Enterprise Zone designation. The Desert Sun reports that the Riverside County Board of Supervisors has approved an application that would include the Western Coachella Valley: “We really need all the help we can to get some economic action out [...]
Long Beach Outreach
The Long Beach Press-Telegram today highlights an ongoing challenge zones face, the difficulty of attracting participation from small business: LONG BEACH – The city’s enterprise zone seems to be a success in just about all areas, expect one – not too many businesses seem to know about it. … Now, the goal is to let [...]
