Building economic opportunity for the 21st century

Phil Angelides has a plan to strengthen the small businesses that create most of our new jobs; to make smart investments that preserve California’s leadership in innovation and environmental quality; and to expand opportunity so that more Californians fully participate in our state’s prosperity.

Support small businesses.

• Cut taxes for small businesses. Phil Angelides will enact a tax cut of up to $5,000 a year to small businesses with fewer than 50 employees.
• Create a Small Business Success Initiative. Phil Angelides will launch a Small Business Success initiative to make micro loans––loans of $500 to $40,000––broadly available to help more Californians start and grow their own business.

Make smart investments in California’s economy.

• Spur California Innovation. Phil Angelides will call on the state’s pension funds to create a California Innovation Initiative, making $1 billion in investments in biosciences and other cutting-edge California industries––to earn a solid return for the pension funds and taxpayers while spurring the next wave of technological innovation and creating jobs and opportunities for Californians.
• Make California the global leader in clean fuels, renewable energy, and energy efficiency. Phil Angelides’ Clean California plan will reduce gasoline use by 25 percent over the next 10 years, fight global warming, and make California the world leader in developing and exporting clean fuels, vehicles, and energy-efficiency technology. By leading in this vital industry of the future, California can clean up the environment and create hundreds of thousands of high-skill, high-wage jobs and new opportunities for entrepreneurs.
• Expand the Double Bottom Line Initiative. Phil Angelides will build on the success of the Double Bottom Line initiative he launched as Treasurer by urging the $300 billion state pension funds to direct an additional $7 billion in investments into the urban neighborhoods and diverse emerging communities of California that have too often struggled in poverty and been left behind. The Double Bottom Line initiative has earned solid returns for taxpayers and the pension funds while creating jobs, business opportunities, and housing in the communities that need them most.
• Smart Investments. Building on the Smart Investments initiative he launched as Treasurer, Phil Angelides will make smart investments in California’s infrastructure. Phil will target these investments to support smart growth, sustainable development, and livable communities, protecting our environment, our quality of life, and our economic competitiveness. With a balanced budget as its foundation, his plan will allow us, over time, to make additional infrastructure investments beyond those on the November ballot.

To read more about Phil Angelides’ plan to build a better future for California and middle class families, click here.