The SacBee headline about the California economy moving up to #8 worldwide caught my eye today. It is here. It fails to mention that just a few years ago we surpassed France to be #5, but I guess any improvement is welcome. The tidbit following the headline was especially interesting
Gov. Jerry Brown signed legislation overhauling an enterprise zone program that has provided employers in designated areas large tax breaks. The legislation will significantly scale back hiring credits, instead providing a sales tax exemption for manufacturing and biotech research companies and other tax credits negotiated on a case-by-case basis with the administration.
As we think about the Millenium project out on the bayfront that is supposedly targeting biotech, we should be guiding companies to go genuflect to Jerry. Heckuva way to run a railroad.