Region Business weighs-in on California Competes tax credits report

By November 3, 2017News

Sacramento Business Journal, 

“My worry is that we’ll end up diluting the amount of funds across the board, instead of having it be targeted and focused,” said Joshua Wood, CEO of the Sacramento Region Business Association.

While Wood said he philosophically agrees that more broad-based tax relief is needed, he doesn’t think the current Legislature will make that happen.

“I am worried they will now look at this report and say ‘OK, we can do away with this program,’ and then nothing will backfill it, which is a dangerous position to be in,” Wood said. “There’s not a lot of tools in this state that we have in the chest that we can use, and this is one of them. If this goes away, what will we have?”

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