California business news

California Proposes Major Overhaul of Film Tax Credits

News Summary California lawmakers are proposing a significant revamp of the Film and Television Tax Credit Program, increasing the annual…

1 month ago

California Celebrates Electric Vehicle Milestone

News Summary California has achieved a remarkable milestone with 25% of all new car sales being electric vehicles (EVs). This…

1 month ago

California’s Strategy to Increase Heat Pump Adoption

News Summary California has launched the Heat Pump Partnership, aiming to increase heat pump installations to 6 million by 2030.…

1 month ago

California Proposes Increased Film Production Tax Credit

News Summary California lawmakers are proposing an increase in the film and television production tax credit to 35%, expanding eligibility…

1 month ago

California Proposes $750 Million Boost for Film and TV Industry

News Summary California's Senate Budget Subcommittee is considering a significant proposal to allocate $750 million annually to the Film and…

1 month ago

23andMe Files for Bankruptcy Amid Financial Struggles

News Summary In a shocking announcement, genetic testing company 23andMe has filed for Chapter 11 bankruptcy following significant financial difficulties…

1 month ago

California Winemakers Concerned Over Proposed EU Wine Tariffs

News Summary California winemakers are grappling with uncertainty after President Trump's proposed 200% tariff on European wines. While some industry…

1 month ago

California Homeowners Face New Fees Amid Rising Costs

News Summary California homeowners are bracing for new fees that could impact approximately 8 million residents. Meanwhile, pay raises are…

1 month ago