California Competes Program News Today

The US Commerce Department said late Friday it would scrap plans to fund the programme from the $52.7 billion Chips and Science Act due to "overwhelming demand" for funding awards to subsidize chips production.

Joe Biden: The US Commerce Department said late Friday it would scrap plans to fund the programme from the $52.7 billion Chips and Science Act due to "overwhelming demand" for funding awards to subsidize chips production.

California Governor Gavin Newsom and Senator Alex Padilla, both Democrats, urged the Biden administration on Monday to reverse its decision to cancel a subsidy program for building and expanding... -April 01, 2024 at 06:59 pm EDT - MarketScreener

Ryvid Inc., an early-stage electric motorcycle company, received a $20 million grant from the state of California in support of job creation and advancing the state’s climate goals.

A RYVID eMotorcycle will go 75 miles on a single charge.   November 19, 2022 Governor Gavin Newsom  announced this week that the Governor’s Office of Business and Economic Development (GO-Biz) awarded $123 million in CalCompetes grants and tax credits to create over 6,800 full-time jobs with an average salary of $113,013. California is investing…

State of California