California Manufacturers & Technology AssociationCalifornia manufacturing generates more than $394 billion annually and employs more than 1.3 million people with over 30,000 firms. Our manufacturers are the most significant contributor to the United States manufacturing industry, making up 11% of the manufacturing jobs in the nation and accounting for 14.5% of the national manufacturing GDP.
California can strengthen its leadership in innovation and manufacturing by investing in a manufacturing tax credit. AB 52 (Grayson) transforms the current incentive landscape, making manufacturing investment in California far more competitive and bringing us in line with 38 other states that already cover the taxes on qualified manufacturing purchases. Let’s end the trend of “Invent Here, Build There.”
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