spot_img
HomeBusinessGovernor Newsom Signs Budget Putting Money Back in Californians’ Pockets and Investing...

Governor Newsom Signs Budget Putting Money Back in Californians’ Pockets and Investing in State’s Future

With over $580M in new funding, the budget confirms GO-Biz as a central player in supporting industries and businesses across the state, including $250M for COVID paid sick leave relief grants, $120M for CalCompetes grants, $75M for small business drought relief, and $30M for ports improvements.

CVV News-Posted: July 1, 2022

Yesterday, Governor Gavin Newsom signed a $308 billion state budget that provides direct tax refunds for 23 million Californians to help address rising costs, tackles the state’s most pressing needs, builds our reserves, and invests in California’s future.

“In the face of new challenges and uncertainties, we’re providing over $17 billion in relief to help families make ends meet, and doubling down on our investments to keep building the California Dream on a strong fiscal foundation,” said Governor Newsom. “This budget invests in our core values at a pivotal moment, safeguarding women’s right to choose, expanding health care access to all and supporting the most vulnerable among us while shoring up our future with funds to combat the climate crisis, bolster our energy grid, transform our schools and protect communities. Building a better future for all, we’ll continue to model what progressive and responsible governance can look like, the California way.”

Amid record rates of inflation and economic uncertainty on the horizon, the budget continues to build resiliency with $37.2 billion in budgetary reserves and 93 percent of the discretionary surplus allocated for one-time projects.

The 2022 Budget Act provides GO-Biz with more than $700M in total funding to support a wide range of businesses and promote statewide economic development. This includes more than $580M in new investments:

  • $250M for COVID paid sick leave relief grants 
  • $120M for CalCompetes grants
  • $75M for small business drought relief
  • $30M for ports improvements 
  • $25M for employment social enterprises 
  • $25M for climate resilience financing 
  • $20M for inclusive innovation hubs
  • $15M for tourism recovery
  • $11.6M for immigrant integration 
  • $8M for women’s business centers 
  • $1.2M for regional recovery
centralvalleyvoice
centralvalleyvoicehttps://centralvalleyvoice.com
Felicia Roberts took an idea gathered a few people to reached into a minority community to highlight the positive, using a minority newspaper the Central Valley Voice. Roberts was joined by her sisters Carolyn Williams, Alleashia Thomas, niece Hermonie Lynn Williams, nephew Ron Williams, cousin Jerald Lester, Jay Slaffey, Greg Savage, Tim Daniels and the late J Denise Fontaine. Each individual played an important role in the birth of the newspapers. Since, then many have stood strong behind the success of the newspapers and its goal to fill a void in the Central Valley community. The Central Valley Voice published their 1st issue in November 1991. Its purposed was to highlight the achievements of minorities in the Central Valley. The Voice focuses on the accomplishments of African Americans and Hispanics giving young people role models while diminishing the stereotypical pictures of gangs, crime and violence that permeate the minority communities. Since 1991, the Central Valley Voice has provided an important voice for the minority community throughout the Madera, Merced. Stanislaus and San Joaquin counties.
RELATED ARTICLES

Leave a Reply

- Advertisment -
Google search engine

Most Popular

Recent Comments

%d bloggers like this: