Gavin Newsom on Budget & Economy

	Gavin Newsom on Budget & Economy S.F. Mayor; former Gov. cand.

$2.6 billion in grants to small businesses & nonprofits

California is where garages are the launch pads for world-changing industries and anyone with the telltale tenacity of a small business owner can create their own California Dream. But only if we nurture them. That's why we're providing the largest small business grant fund in the nation. $2.6 billion in grants of up to $25,000 for small businesses and nonprofits impacted by the pandemic. Source: 2021 State of the State Address to California legislature , Mar 9, 2021

Opportunity zones worthy of bipartisan support

Newsom said the Opportunity Zones program will not only help boost California's already enormous economy but would also help provide funds to deal with state's housing crisis and would promote energy investment to help the state reach its climate change goals. The Opportunity Zones program is part of the 2017 Tax Cuts and Jobs Act and looks to bring down the capital gains taxes for investors in real estate and business in low income neighborhoods. The program would permit investors to pay no capital gains taxes--which can run as high as 20 percent--after holding on to an investment for 10 years. Source: Fox News on 2018 California Gubernatorial race , Mar 20, 2019

Government has role in economic growth

Gavin is the chief architect of California's Economic Growth and Competitiveness Agenda. It charts a path for better infrastructure, a focus on future manufacturing, building up exports and other pillars of California's success. Gavin has also joined with others in calling on Congress to utilize funds to boost California's trade competitiveness, invest in California's infrastructure, and help to grow jobs on our waterfront, our farms and our manufacturing floors. Source: 2018 California Gubernatorial website GavinNewsom.com , Sep 1, 2017

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Gavin Newsom on Budget & Economy

S.F. Mayor; former Gov. cand.

$2.6 billion in grants to small businesses & nonprofits

Opportunity zones worthy of bipartisan support

Government has role in economic growth