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CALIFORNIA'S ECONOMY
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THE INDUSTRY SOURCE
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business, community, economic development,
workforce training and site selection professionals'
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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.
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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 at tjohnson@californiabusinessminute.com for details
and to schedule a FREE workshop in your community.
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CALIFORNIA EMPLOYMENT
Unemployment Continues to Drops,
But Not all is Bright
See 07-18-14 Minute for Details
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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.
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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
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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.
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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.
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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.
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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.
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RESEARCH
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
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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
link below to view.
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PRACTITIONER'S PERSPECTIVE
A feature higlighting the insights & perspectives of business, community,
economic and worforce developers from the Golden State.
See CA Insights for previous articles
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Keeping California Competitive in the 21st Century:
A Skilled Labor Force
By Tim Johnson
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Commentary, Insight & Perspective
Now at the
CalBizBlog
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| Click on Image for Blog |
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Economic Impacts of ComiCon
+
Due to the elimination of a our blog platform by - Go Daddy,
we are having to migrate the CalBizBlog to a new platform-
WordPress. Our apologies, but all of the postings need to be
configured - some 350 to be exact. We ask for your patience
as we transfer all of these to the new platform. However,
in the meantime new postings will occur as usual every Thursday.
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Inside California's Economy
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