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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. Aerojet, a major space and defense contractor also based in Folsom, has a corporate mandate for sustainability in all areas of its organization. gigawatt hours of electricity a year.

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Feature Story: 2016 Economic Development Awards

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headquarters in Los Angeles, aims to link solar arrays and storage devices into a “virtual grid” that allows members to trade electricity among themselves and sell excess power into the wholesale market, circumventing the local utility. defense department, with an additional $500 million in state and private investment.

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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The program ends December 2016. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. CONNECTICUT.

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