SACRAMENTO – The Governor’s Office of Business and Economic Development (GO-Biz) on June 14 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,” said 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.

The Golden State, which has the most equitable tax system in the entire country, is #1 in the nation for new business starts, #1 for access to venture capital funding, and the #1 state for manufacturing, high-tech, and agriculture.