Saturday, July 20, 2013

ECONOMY: No consensus on plan to stimulate California business

That's because CA doesn't know how.

There was plenty of symbolism this month when Gov. Jerry Brown signed legislation phasing out tax breaks in the state’s “enterprise zones” and replacing them with a package of incentives intended to benefit the state’s manufacturing and high-tech sectors and create middle-class jobs.

Brown was at Takeda California, part of San Diego County’s vibrant biotech industry. The company’s headquarters up the street from UC San Diego is in a census tract where median earnings top $75,000, according to the most recent census data.

“This state is going to thrive not by the lowest-paid jobs, but by those that require a lot of intellectual addition, content, skill, people working together,” Brown said July 11.

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