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California Awarded Top Honors for Job Creation and Economic Development

Area Development Magazine Awards GO-Biz and California First-Ever Gold Shovel Award

Sacramento Calif. – (June 8, 2016)  Further bolstering California’s position as the national leader in job creation, the Governor’s Office of Business and Economic Development (GO-Biz) today announced that Area Development Magazine has awarded California its first-ever Gold Shovel Award for excellence in economic development and job creation.

“On behalf of the entire team at GO-Biz, we are honored that Area Developed has recognized California’s continued effort to add jobs and improve California’s business climate,” said GO-Biz director Panorea Avdis. “When Governor Brown took office in 2011 California did not even have an economic development office and now GO-Biz is recognized as one of the most robust and effective economic development entities in the nation.”

Today’s announcement builds upon a long trend of positive news for California’s economy. The Golden State has led the nation in total job creation for two straight years. In 2015, California created more jobs than Florida and Texas combined and California’s unemployment rate is at the lowest point in nine years.

So far in 2016, GO-Biz has seen an increasing the number of companies interested in relocating to California. In January, the tech company Flippbox announced they were moving their headquarters from Florida to Sacramento, CA. In April, Cerebain Biotech announced they were moving their headquarters and medical device manufacturing operation from Texas to Costa Mesa, CA and Florida-based virtual reality start up Magic Leap is expanding to California and creating approximately 140 jobs in the Silicon Valley thanks in part to a California Competes tax credit from GO-Biz.

“The states and communities receiving 2016 Shovel Awards not only have the right combination of factors to attract and retain business,” says Geraldine Gambale, editor of Area Development, “they also display a pro-business attitude and marketing savvy. They deserve to be recognized for winning high-impact economic development projects.”

California, Ohio, Tennessee, South Carolina, Nevada and Utah were awarded the top honors. California was recognized for ten major job creation projects. The complete announcement is available here.

“Area Development got it right,” said Bill Allen, CEO of the Los Angeles County Economic Development Corporation. “Despite the protestations of many states who try to compete with California solely on the cost of doing business, this Gold Shovel Award recognizes that California offers business owners a value proposition for growing their enterprises that simply can’t be beat.”

 

 

About GO-Biz

The Governor’s Office of Business and Economic Development (GO-Biz) serves as California’s lead entity for economic development and job creation efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit: www.business.ca.gov.

 

To learn more about LAEDC assistance with site selection and developing the key relationships integral to locating your business in L.A. County, please contact the Business Assistance Program at LAEDC, a no-cost, confidential program that helps businesses develop strategic plans for growth in the region.

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