FOR IMMEDIATE RELEASE: September 17, 2014
CONTACT: Sophie Tran (714) 526-7272
Governor Brown Signs Quirk-Silva’s Bill to Help California Keep Businesses
SACRAMENTO, CA- Assemblywoman Sharon Quirk-Silva (D- Fullerton) announced today that Assembly Bill (AB) 1560 has been signed by the Governor. This legislation, known as California Competes Tax Credit, would authorize the Director of Finance to increase the amount of funding available in the California Competes program, by up to twenty-five million dollars ($25,000,000) per year through 2019.
“It is imperative to ensure that as much funding as possible remains in the program in order to maintain California’s role as a global leader. Although our business climate has improved since the recession, we must continue to work together in order to move California forward. Our goal is to attract and retain businesses and guarantee that small businesses have the tools they need to succeed,” stated Assemblywoman Quirk-Silva. Continue reading