This week's Manufacturing Minute brings exciting developments across the manufacturing sector in California from our CMTA members. Manufacturing Minute is powered by Tri Tool Technologies. https://youtu.be/FIaKfyv4oSM Watch the latest episode in the video player...
News & Insights
We’re changing the narrative of the manufacturing industry one story at a time. CMTA’s award-winning storytelling team showcases California’s 30,000 manufacturers by uplifting the voices of our makers. Find industry news and the stories from those “Making California” below.
Manufacturing Minute: Boeing Subsidiary Leads Development of Space Defense Satellites
This week's Manufacturing Minute highlights groundbreaking advancements from our CMTA members, showcasing their commitment to innovation. Manufacturing Minute is powered by Tri Tool Technologies. https://www.youtube.com/watch?v=6Ehc8RuqQ1A Watch the latest episode in...
CMTA Government Relations Update: A Recently Expired California Incentive Program May be Reestablished
This month’s Government Relations Update video highlights crucial legislative developments for California’s manufacturing sector. https://www.youtube.com/watch?v=OOD_nmxABJo The California Legislative Summer Recess is approaching on July 3, 2024. This date marks the...
Organic Fertilizer Company, Glogens, Joins CMTA
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) welcomed Glogens, a fertilizer and plant nutrient company, to the organization today. The Sacramento organic fertilizer company utilizes natural coal and amino acids to enhance...
Sustainable House Manufacturer, ReMo Homes, Joins CMTA
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) officially welcomed ReMo Homes, a pioneering modular manufacturing company, to the organization today. ReMo Homes is working towards providing zero-carbon, cost-effective modular and...
Manufacturing Minute: Tandem PV Awarded $4.7 Million to Advance New Solar Technology
In this week's Manufacturing Minute, we highlight three significant developments in the manufacturing sector. Manufacturing Minute is powered by Tri Tool Technologies. https://youtu.be/FbUPSHYhM0g U.S. Department of Energy Awards CMTA Member, Tandem PV, with New...
Navigating a New Era of Manufacturing: Harnessing AI in the Industry
Webinar presented by Hitachi Digital Services and Dr. Chetan Gupta, head of AI research at Hitachi Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) hosted an exclusive webinar on the evolving landscape of the manufacturing...
California Aerospace Day Celebrates Achievements of the Golden State’s Aerospace Industry
The event co-hosted by Boeing, Lockheed Martin & Amazon Project Kuiper, showcases significance of aerospace industry and its impact on California’s economy and beyond. https://youtu.be/004LflPp2Fo?feature=shared Sacramento, Calif. – In partnership with Boeing,...
Manufacturing Minute: SF State Receives A $14 Million Grant from The Genentech Foundation
This week's Manufacturing Minute highlights three significant advancements that are shaping the industry's future. Manufacturing Minute is powered by Tri Tool Technologies. https://www.youtube.com/watch?v=_BLxyJ_BRaI $14 Million STEM Grant to San Francisco...
CMTA Government Relations Update: California’s Manufacturers May Lose a Major Training Program
This month’s Government Relations Update video highlights crucial legislative developments for California’s manufacturing sector. https://youtu.be/Dmj-DjtEur0 Both the Assembly and Senate have a huge deadline on Friday, May 24, 2024, to pass bills introduced in their...
Press Release
Manufacturing Maker AB 52 Passes Unanimously Through California State Assembly Floor, Heads to Senate
Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) is pleased to announce today that Assembly Bill 52 (Grayson) passed the California State Assembly Floor with a 77-0 vote.
“Investing in the future of manufacturing goes hand in hand with our commitment to economic growth,” said Lance Hastings, CEO & President of CMTA. “We applaud the members of the Assembly that supported AB 52. We not only will fuel innovation and productivity but also lay the foundation for job creation and a thriving economy. It is through strategic incentives like this that we can foster an environment where businesses can flourish, driving technological advancements and gearing industries forward.”
The CMTA-sponsored measure is a manufacturing tax credit equal to the local portion of the sales and use tax to purchase qualified manufacturing and R&D equipment. This measure aligns California with 38 other states who already credit or exempt manufacturing equipment, allowing our manufacturers to continue to innovate and produce at the highest levels.
AB 52 will reinvigorate California’s economy, with an estimated 163,000 new manufacturing jobs expected to be created and $1.5 to 3.5 billion in new economic activity if passed, according to the Economic Strategy Institute. This measure supports small and medium-sized manufacturers and will generate millions for services while keeping manufacturers in line with the state’s sustainability goals.
“Every Californian wins when manufacturing grows. Opportunities are created for the middle class, our economy gets stronger, and our state revenues reap benefits from an influx of economic activity,” said Assemblymember Tim Grayson (D-Concord). “AB 52 will benefit cities across the Golden State by keeping manufacturers in California and increasing our competitiveness for new investments.”
AB 52 now heads to the Senate.
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About CMTA
The California Manufacturers & Technology Association has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $300 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.3 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.