Dear
Employer,
I
am pleased to report that California's robust economic
expansion continues. Our $1 trillion economy is now
the fifth largest in the world and leads the nation
in creating new industries and jobs.
California
is the nation's top recipient of venture capital, receiving
more than $1 billion annually. The Golden State is also
home to the largest percentage of the nation's research
laboratories and receives nearly a quarter of Research
and Development funds each year.
Our
long-term future growth depends on how well the state
is positioned for international market competition,
global trade and investment. California currently leads
the nation in foreign investment and exports and California's
Technology, Trade and Commerce Agency oversees twelve
International Trade and Investment Offices. These offices
assist with corporate expansions, help countries establish
trade ties with California firms and open new paths
for long-term partnerships.
California
offers an increasingly cost-effective and pro-business
climate. Working under the banner of TeamCalifornia,
the California Technology, Trade and Commerce Agency
joins a statewide network of economic development practitioners
committed to expanding and attracting corporate investment.
Current State policies and new initiatives in the areas
of education, infrastructure development and workforce
training are tailored to attract new investment and
encourage job creation. TeamCalifornia seeks to build
upon these statewide benefits by providing access to
the State's many resources.
Governor
Gray Davis
