Governor Gavin Newsom has announced that the Governor’s Office of Business and Economic Development (GO-Biz) will award $99.9 million in California Competes Tax Credits (CalCompetes) to nine companies across the state. The awards are expected to help create 2,752 new jobs with an average annual salary of $139,000 and attract more than $370 million in private investment.
“California’s global leadership in innovation and manufacturing continues to set us apart. Through programs like CalCompetes, we’re attracting companies and helping them grow successfully in our state, creating good-paying jobs and opportunities for Californians,” said Governor Newsom.
The latest round of CalCompetes funding will support manufacturers from a range of sectors including aerospace, wastewater treatment, and microelectronics. Manufacturing is a key part of California’s economy, generating $405.6 billion in output during 2024 and employing over 1.24 million workers.
Among the recipients:
– Atomic Machines Inc. plans to invest $156.3 million to expand its micro-electromechanical system manufacturing facilities in Santa Clara, Emeryville, and the Greater East Bay Area, resulting in 305 new jobs.
– Bright Machines will invest $62.9 million to scale up its data center infrastructure manufacturing facility in Fremont, creating 295 jobs.
– Hadrian Automation, Inc. is set to add 650 jobs through a $52 million investment expanding aerospace component manufacturing operations in Torrance and Northern California.
– Bella Phytologic will put $33 million into vitamin and supplement manufacturing facilities located in Santa Rosa and Sonoma County.
– Gimme Health Foods Inc. plans a seaweed food and snack facility in Madera as well as an expansion at its San Rafael headquarters; this is expected to create 102 jobs with a total investment of $20 million.
– Pacific Scientific Energetic Materials Company (California) LLC intends to expand diagnostic and measurement device production at its Hollister facility with an $18 million investment.
– Community Infrastructure Investment Group, Inc. will establish a wastewater treatment equipment plant in Fresno with a planned investment of $12.8 million.
– True Anomaly aims to expand satellite manufacturing operations in Long Beach by adding 400 jobs alongside a $12.7 million investment.
– Color Image Apparel will grow its Beverly Hills headquarters with an additional 774 jobs created through investments totaling $2.5 million.
“These companies represent the next generation of California innovation,” said Dee Dee Myers, Senior Advisor to Governor Newsom and Director of GO-Biz. “From advanced manufacturing to clean technology, these investments strengthen the industries that define our economy and accelerate inclusive, economic growth across the state.”
Since its inception, CalCompetes has awarded tax credits to more than 1,200 businesses committed to creating nearly 160,000 full-time jobs based in California while generating over $50 billion in private investment.
Earlier this year Governor Newsom introduced the California Jobs First Economic Blueprint—a plan implemented by nine state agencies—to support regional economic growth through job training initiatives aimed at fostering innovation economies statewide.
California remains one of the world’s largest economies due largely to strong business creation rates across various sectors such as agriculture, tourism spending records being broken regularly within key regions—demonstrating ongoing economic expansion tied closely both innovation practices alongside policies promoting inclusion.
