Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Investment»California Legislature Wants to Prioritize Off-Earth Investments – Orange County Register
Investment

California Legislature Wants to Prioritize Off-Earth Investments – Orange County Register

The Elite Times TeamBy The Elite Times TeamMarch 23, 2024No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

FILE – Engineers working on the Psyche spacecraft at NASA’s Jet Propulsion Laboratory, Monday, April 11, 2022, in Pasadena, Calif. (AP Photo/Marcio Jose Sanchez, File)

California has a chance to stake its claim in a galaxy far, far away, state lawmakers say.

Dozens of members of California’s Congressional delegation, including several from Southern California, last week urged Gov. Gavin Newsom to increase funding for the space industry as part of a move by leaders to address recent layoffs and funding shortfalls. He called on investment to be prioritized.

In a letter, 40 members of the House of Representatives and two state senators emphasize the state’s need for greater leadership and continued investment, which will bring good-paying jobs and significant economic growth to California. Stated.

“With the pace of commercial, national security, and civilian space launches increasing, now is the right time to make California a world leader in the space economy,” the lawmakers said.

Because the state is already home to several federal space facilities, including Vandenberg Space Force Base, Los Angeles Air Force Base, NASA facilities such as the Jet Propulsion Laboratory and Ames Research Center, and a strong satellite manufacturing industry, lawmakers said He said: “California is uniquely positioned to take advantage of the rapidly growing space economy.”

Madhu Thangavel, an astronautics lecturer at the University of Southern California, said California has a rich heritage in spaceflight. The state was the driving force behind the moon landing in the space race and is home to the offices and headquarters of several industry giants, including Boeing, Northrop Grumman, NASA, and SpaceX.

“Over the past 10 years, we have seen the development of the commercial space sector,” said Thangavel, who is also a member of the American Institute of Aeronautics and Astronautics. “Specifically, this occurred most often in Southern California.”

“Because of our heritage, no other state can compete with California,” he said. “There’s a whole culture around human spaceflight that exists all over California.”

Since 2019, California has provided $625 million to more than 25 counties through various programs, including one that provides tax credits to businesses based in the state, Newsom spokesman Omar Rodriguez said.・Investing in the space industry.

Some examples include California Competes, an income tax credit available to businesses wishing to move to California or remain in the state. The California Alternative Energy and Advanced Transportation Finance Authority provides tax credits to manufacturers of products that reduce pollution and energy use. Rodriguez said the Employment Training Panel is a workforce training program that provides financial assistance to California businesses.

Newsom’s office says California will launch the California Space Industry Task Force in 2022 to help “space industry” through initiatives such as expanding aerospace research and working with universities to strengthen career pipelines into the industry. The aim is to pursue opportunities to capitalize on future growth in the industry. .

Reese Williams, Newsom’s deputy chief of staff, said the task force regularly convenes government and industry leaders to strengthen the state’s commercial space industry.

Despite these efforts, companies continue to move their headquarters and parts of their operations out of California, in part because of the state’s strict regulations for public and private companies and the high cost of doing business. said Thangavel.

In a response to lawmakers, Williams said Newsom is “committed to expanding the nation’s role in our space ecosystem.”

“California innovation is not limited to the earth,” he said. “California looks forward to working with state and federal leaders to continue to grow and lead the nation’s commercial space sector.”

Many lawmakers indicated they were motivated by a desire to preserve space industry jobs in their districts and across California.

Just last month, JPL in Pasadena laid off more than 500 people, about 8% of its total lab staff.

At the time, JPL Director Laurie Lesin broke the news to JPL staff, saying, “Despite our efforts to reduce spending in recent months, these cuts are the most difficult we have ever had to make.” This is one of the measures taken.”

Lesin is seeking funding from Congress for the institute’s much-touted Mars Sample Return Mission, an effort to recover soil and rock samples collected by Mars rovers and return them to Earth for research. I pointed out that I was waiting there. But officials have already called for cost cuts, leading to a hiring freeze, reductions in some MSR mission contracts, budget cuts and the elimination of some field contractors.

He noted that NASA previously told JPL to expect the MSR budget to be $300 million, down 63% from a year ago.

When Congress passed a last-minute funding bill earlier this month, Sen. Alex Padilla said the approved funding deal, which would “provide at least $300 million in funding for the Mars Sample Return Program,” would benefit California’s leadership in the industry. position.

However, the issue did not disappear from the attention of local leaders across Southern California.

“This issue is especially important for the thousands of aerospace jobs here in the San Fernando Valley,” said Rep. Brad Sherman, D-Sherman Oaks. This point was echoed by fellow San Fernando Valley Congressman Tony Cárdenas of Panorama City.

“Seeing the respective successes of Texas and Florida’s space efforts, I joined my colleagues in the California delegation to encourage Governor Newsom to further expand efforts in our states,” Cardenas said. said. “We know California has valuable resources and talent that are second to none, which is why I support our state’s investment in the space industry.”

Democratic state Rep. Katie Porter, who represents a district rich in private aerospace companies, said Orange County could benefit from more state aid.

“I am proud to represent a vibrant research community that includes academic researchers (like the University of California, Irvine) and local companies building critical systems for the Artemis space program.” he said, referring to NASA’s campaign to land it. The first woman and first person of color to walk on the moon.

“Orange County is a national leader in promoting innovation, and we have always benefited from bipartisan federal support,” Porter said. “Our community also needs partners at the state level to invest in our growing space economy to advance scientific progress and create jobs.”

A similar bipartisan group of lawmakers includes Rep. Adam Schiff, D-Burbank. Mike Garcia, Republican, Santa Clarita; Pasadena Democrat Judy Chu recently urged NASA Administrator Bill Nelson to commit at least $650 million to the Mars Sample Return Program.

Chu, along with Republican Representative Don Bacon, also reactivated the Congressional Planetary Science Caucus, which works to advance planetary science missions. The Planetary Society is a founding partner of the caucus.

In a letter to Nelson signed by 23 representatives from the state of California, they asked NASA to invest in programs to preserve the workforce and ensure America remains a world leader in the race to Mars. requested investment.

“If NASA continues to provide insufficient funding, requiring downstream personnel cuts and unnecessary mission delays, we risk undermining our national leadership in solar system exploration,” they said. Ta.




[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe happiest country for Gen Z and Millennials
Next Article Great River Rescue receives $2,500 from Modern Woodmen of America.
The Elite Times Team
  • Website

Related Posts

Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

March 28, 2024

Recent trends in Kazakhstan’s investment situation

March 28, 2024

City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

March 28, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

Compare Air India’s new A350 business class to the clunky 777 cabin

By The Elite Times TeamFebruary 13, 2024

[ad_1] downward angle icon An icon in the shape of a downward facing corner. The…

Local restaurants increase business hours for Valentine’s Day

February 15, 2024

Comprehensive guide to small business insurance

February 16, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.