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Can California compete for the U.S. Manufacturing Renaissance?

This article delves into whether California can compete in the U.S. manufacturing renaissance. It examines the immediate impacts of AB 32 on California manufacturers from 2012 through 2014, such as the significant increase in auction tax and electricity costs. Long-term impacts, from 2015 through 2020, including projections like the annual auction tax reaching $13 billion and substantial electricity cost increases. The text highlights the importance of predictable future costs, competitive pricing, adequate infrastructure, and skilled workforce access for manufacturing investment in California.

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Can California compete for the U.S. Manufacturing Renaissance?

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  1. Can California compete for the U.S. Manufacturing Renaissance? Jack Stewart President & Dorothy Rothrock VP – Govt. Relations

  2. AB 32 - Layering of New Costs on California Manufacturers Immediate impacts 2012 through 2014  • Auction tax – From $660 million to $3 billion (2012-13 budget year) (assuming $10 to $50 per ton -- source: LAO) • Electricity costs – $650 million to $2.6 billion to be raised and spent by the CPUC Long term impacts 2015 through 2020  • Up to $13 billion annual auction tax (starting in 2015) • Electricity cost increases – Almost $20 billion from RPS and Solar Initiative • Transportation fuels – 47 cents per gallon (Moody’s Investor Service) • Suppliers natural gas costs – up 8% (ARB econ analysis)

  3. Manufacturing Investment Principles • Predictable Future Costs • Competitive Costs • Adequate Infrastructure • Access to a Skilled Workforce

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