| FEATURED STORY
TIME Magazine: Despite Its Woes, California’s Dream Still Lives
By Michael Grunwald
Friday, Oct. 23, 2009
California, you may have heard, is an apocalyptic mess of raging wildfires, soaring unemployment, mass foreclosures and political paralysis. It's dysfunctional. It's ungovernable. Its bond rating is barely above junk. It's so broke, it had to hand out IOUs while its leaders debated how many prisoners to release and parks to close. Nevada aired ads mocking California's business climate to lure its entrepreneurs. The media portray California as a noir fantasyland of overcrowded schools, perpetual droughts, celebrity breakdowns, illegal immigration, hellish congestion and general malaise, captured in headlines like "Meltdown on the Ocean" and "California's Wipeout Economy" and "Will California Become America's First Failed State?" Actually, it won't. Ignore the California whinery. It's still a dream state. Read more >>
FEATURED PROGRAM
Innovation Hubs
Recognizing the key role that innovation will play in California's economic recovery, the Business, Transportation and Housing Agency has worked with innovation experts to create a new program intended to harness and enhance the creative and entrepreneurial spirit of the state. The Innovation Hub (iHub) program will encourage collaboration between research institutions, start-up technology companies, local governments, venture capitalists, and economic development organizations with the common goal of creating jobs. Learn more >> |
