Economic Development and Site Selection News From TeamCalifornia | July 2022

Members In The News

City of Elk Grove-

Elk Grove to get new rail service that will connect to Sacramento, Stockton in 2024

California state funds are going toward a new rail service, with $11.1 million dedicated to the entire project. One of the larger improvements will be in Elk Grove.

$1.6 million is going toward improvements surrounding the Elk Grove Boulevard off-ramp and a metering system upgrade from Elk Grove Boulevard to the south of Calvine Road.

Project includes an overcrossing for a trail system near Laguna Boulevard, and some improvements to the Elk Grove Boulevard off-ramp

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Santa Clarita Valley Economic Development Council -

The Santa Clarita Valley has a strong and growing presence of businesses engaged in the research, development and production of medical devices and biotechnology.

Valencia Technologies just announced their first commercial implantation of eCoin® Leadless Tibial Neurostimulator for the Treatment of Urge Urinary Incontinence.

The company is headquartered in Valencia, California, which is part of the Santa Clarita Valley.

The company has grown from 15 people last year to over 100 and will be adding another 30 later this year as commercialization progresses.

eCoin® is a coin-sized neurostimulator implanted subcutaneously in the lower leg during a minimally invasive, outpatient procedure utilizing a local anesthetic. eCoin® is the first implantable tibial nerve stimulator approved by the FDA.

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San Bernardino County-

SBD International Airport to offer scheduled passenger service with daily flights to San Francisco and Provo, UT beginning August 4, 2022.

This airport is an important economic engine for the region responsible for nearly 13,000 jobs and $2 billion in economic activity.

The airport has hired dozens of new employees and installed new wayfinding signs, contracted with the city for law enforcement services, updated its ticket counter and the technology behind it, and built out its Transportation Security Administration area. Combined, the investments cost about $2.5 million

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GO-Biz Concludes a Series of Events Focused on Attracting International Businesses to California

GO-Biz recently concluded two weeks of events focused on engaging with international businesses to highlight opportunities in California. The events showcased California as the ideal business destination:

A biotech tour of San Diego with a delegation from Taiwan, coordinated by GO-Biz in partnership with the U.S. Commercial Service in Taiwan.

The Select LA Investment Summit in Los Angeles, at which Director Dee Dee Myers delivered a keynote address on why international businesses choose California.

The SelectUSA Investment Summit in Washington, D.C., to which GO-Biz led a delegation of local economic developers from across the state, with TeamCalifornia included.

The Select SF Investment Summit in the Bay Area, at which GO-Biz staff spoke on a panel highlighting opportunities for biotech businesses.

BioTechnology

TeamCalifornia participated in the California Pavilion at BIO International, held in beautiful San Diego, California.

It was great to finally be back in person last month in San Diego, California. We were thrilled to welcome 10,000+ biotechnology and pharma leaders to our state for a week of intensive networking and deal-making.

Did you know that California state accounts for 47 percent of national R&D spending on biotechnology and generates 53 percent of the nation’s biotech revenues?

California leads the world in bio and life sciences innovation, with a wealth of diversity and premier research institutions throughout the entire state..

Members On The Move

Barbara Harb

Congratulations to Barbara Harb for recently making the move to the City of Manteca where she will be their new Economic Development Manager!

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Meet TeamCalifornia At These Upcoming Events

Waste Conversion Technology Conference, San Diego, CA

August 10-12

ICSC@WESTERN, San Diego, CA

September 28-30, 2022

IAMC Fall Forum, Detroit Michigan,

October 22-26,2022

Our members stand ready to expedite projects and create opportunities for job creation, increased investment, and site location throughout the Golden State.

Have a project or idea? Let's meet at any of these upcoming events!

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