Policy Papers
Regulation
Technology Taxes
California has been ground zero for technology development. For California to remain a global technology leader, the state will need to ensure a favorable business environment for innovation. Yet, recent studies indicate that increasing numbers of Silicon Valley businesses are looking outside of California to start new operations. Other states and countries, such as China, where the government has tripled R&D spending since 1998, are becoming more attractive to many companies. As California continues to suffer from record budget deficits and the search for new revenue becomes more urgent, the state must be careful not to hinder an industry that will be essential to a recovery and long-term prosperity.
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