business, community, economic development, workforce training and site selection professionals'
. NOTE: To view the current Minute, look to the Main Menu, (orange colored bar) above. Then go to the 3rdtQtr14, place cursor there and wait for drop down menu then place cursor over it, then click to view.
GRANT WRITING CLASSES OFFERED IN CALIFORNIA California Business Minute to Present Daylong Workshops
The experts in grant writing from the California Business Minute are offering grant writing workshops across the state. The daylong workshops provide a extensive handbook and presentation materials engaging participants on preparing organizations how to write grants along with debunking myths on grant writing from writing need statements to workplans to finding funding. E-mail Tim Johnson firstname.lastname@example.org details and to schedule a FREE workshop in your community.
CALIFORNIA EMPLOYMENT Unemployment Remains Unchanged,
But Construction Sector Struggles
See 08-15-14 Minute for Details
ALLERGAN TO CUT 1500 JOBS
The Irvine-based pharmaceutical company Allergan announced that it is cutting 1,500 jobs, or approximately 13 percent of its workforce, as part of a restructuring effort. The cuts come in part as it battles an unsolicited takeover bid by Valeant Pharmaceuticals. Allergan has around 2,300 employees in Irvine alone at its headquartered. According to Allergan, the cuts will save the company approximately $475M in calendar year 2014.
LA-BASED AECOM TO BUY SAN FRANCISCO-BASED URS
Los Angeles-based AECOM announced it will acquire the San Francisco-based company URS for $4 billion. The two California companies said the combination is necessary to building an integrated infrastructure services company that can operate globally and provide services including design, financing, construction and operation of buildings. The combined company will have more than 95,000 employees and be headquarters in Los Angeles
CALIFORNIA STILL HAS A CHANCE TO LAND TESLA’S GIGAFACTORY
The Wall Street Journal is reporting that due to California’s legislators, the Golden State may still have a chance to locate Tesla’s massive battery manufacturing facility known as the Gigafactory. While, Tesla has its corporate headquarters in Palo Alto and manufacturing in Fremont at the former General Motors/Toyota NUMMI plant, anywhere California has been a long shot to land the facility. Texas, Arizona, Nevada and even New Mexico have been the front runners, but apparently that has changed with work that California’s legislators have banded together to provide incentives and to expedite permits for Tesla. The Governor’s Office pof Business and Economic Development has been very tight lip about the state’s proposal.
George Lucas Picks Chicago for Star Wars Museum The “Force” was not with California
Apparently, California played Jar Jar Binks in the effort to attract the arts and movie museum by Star Wars creator George Lucas.
San Francisco, home to Lucas Studios along with the Walt Disney museum appeared to be the odds on favorite for the facility. However, Lucas’s wife Melody is from Chicago possibly the reason for the location.
TOYOTA TO MOVE OUT OF CALIFORNIA Heads to Texas, Loss of 1,000's of Jobs
Toyota announced tit is moving its operation from Torrence in Southern California to Texas. Toyota becomes the third major auto company to leade the state in recent times. Nissan Motors moved to Tennessee in 2006 and Honda announced its move to Ohio.
However the decision for Toyota was not based upon taxes or regulations but corporate consolidation to where Toyota's manufacturing is lcoated its is all about geography said a Toyota press release.
EXODUS OUT OF CALIFORNIA CONTINUES Texas Picks Up Schwab & Occidental Petroleum
Los Angeles- based Occidental Petroleum announced it will move its HQ to Houston and spin off its California assets into a separate company for natural gas exploration. However, the new spin off will employ 8,000. Meanwhile, San Francisco-based Charles Schwab announced it is moving 1,000 jobs to Texas.
Studies, reports and reviews on the latest on economic forecasts and trends
impacting California. See CA Insights at Main Menu (orange colored bar) for more Research
ECONOMIC FORECASTS FOR CALIFORNIA, 2014 The Economy is in Gear, But Low Gear
The annual review of the economic forecasts by UCLA, University of
the Pacific and Chapman University are now available. Click on the