[Source: Los Angeles Business Journal] California Insurance Commissioner Dave Jones is urging insurance carriers in the state to cut the workers compensation premiums they charge employers by 14 percent. Thursday Jones lowered his suggestion for the average premium rate to $2.19 per $100 of employer payroll, which represents a 14 percent drop on average from Read More…
Month: October 2016
California bioscience company moving HQ to Denver area, creating 130 jobs
[Source: Denver Business Journal] A California bioscience company is moving its headquarters to Arapahoe County and creating some 130 new jobs, the Colorado Office of Economic Development and International Trade said Thursday. Viveve Medical Inc. (Nasdaq: VIVE) manufactures non-surgical devices for treatment of vaginal conditions. It is finalizing a lease and expects to relocate from Read More…
Electric carmaker that shortlisted Sacramento picks Arizona, according to report
[Source: Sacramento Business Journal] Atieva, the electric carmaker that placed Sacramento on a short list this year for locating a car manufacturing plant, has selected a site in Arizona, according to the tech news site Recode. A private event at Atieva’s Menlo Park office on Friday will unveil the design of its vehicle, which company Read More…
Scientists accidentally discover efficient process to turn CO2 into ethanol
[Source: Popular Mechanics] The process is cheap, efficient, and scalable, meaning it could soon be used to remove large amounts of CO2 from the atmosphere. Scientists at the Oak Ridge National Laboratory in Tennessee have discovered a chemical reaction to turn CO2 into ethanol, potentially creating a new technology to help avert climate change. Their Read More…
Orange County’s workforce loses Millennials who can’t afford to live here
[Source: Orange County Register] Orange County’s economy is growing, but danger signs are mounting. Jobs are expanding at a healthy clip, but many of the new positions pay poverty-level wages. Home values are surging, but an extreme shortage of affordable residences is driving young families and working-age adults out of the county. And as business Read More…
State’s environmental program helps raise $64.5 million for housing in LA
[Source: Los Angeles Daily News] Several Los Angeles-based affordable housing complexes, including Watt’s Jordan Downs, will benefit from money raised through California’s cap-and-trade program, state and local representatives said Wednesday. Jordan Downs will receive $12 million for its first phase of construction, which includes $2 million for street improvements along Century Boulevard, from a committee Read More…
South Coast air district to settle suit with Moreno Valley over World Logistics Center: Update
[Source: The Press Telegram] The South Coast Air Quality Management District board has voted to settle its lawsuit with the Moreno Valley over the World Logistics Center but is not yet disclosing terms of the deal. With the air board, county and Riverside County Transportation Commission withdrawing their objections, the agreement eliminates several of the Read More…
Is shipping the next financial crisis?
[Source: Port Technology] The Hanjin Shipping collapse rocked the shipping industry; the seventh largest shipping company operating at the time filing for receivership and leaving its vessels abandoned across the globe was potentially a warning sign for things to come for other industry actors. It was reported by Port Technology that Hanjin Shipping was having Read More…
New “environmental” rules with one billion $$ cost to kill American jobs, help Mexican truckers
[Source: California Political News and Views] Last week I published a story about an Uber-affiliated firm that is beginning to provide Uber type of service for the trucking industry. Previously the California Political News and Views noted that NAFTA allowed Mexican trucks, low cost to operate, to distribute goods in the United States. Ford is Read More…