SACRAMENTO – The Governor’s Office of Business and Economic Development (GO-Biz) today announced the latest round of awards under the CalCompetes program, bringing the program’s total job creation commitments to 159,000 and resulting in over $50 billion in private investment in the state through nearly 1,200 awards over the past ten years.
“CalCompetes’ success over the past decade is a proofpoint that investing in innovative and cutting edge businesses leads to economic growth and opportunity. Throughout the program’s lifespan, over 159,000 good-paying jobs have been created along with $50 billion of private investment across every region of the state.”: Governor Gavin Newsom
Over the past five years, CalCompetes has invested in companies such as Bosch to domestically design, develop, and manufacture the next generation of semiconductors and microchips; GoodRx to develop mobile and web-based applications that provide prescription drug pricing comparisons, discount programs, and pharmacy information; Pacific Steel to construct the first steel mill in California in more than 50 years in Kern County; Relativity Space to expand their ability to manufacture 3D-printed rockets to carry satellites into space; and many more.
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