{"id":1004778629,"date":"2025-11-19T02:58:01","date_gmt":"2025-11-19T10:58:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004778629"},"modified":"2025-11-19T02:58:03","modified_gmt":"2025-11-19T10:58:03","slug":"california-awards-100m-in-tax-credits-to-boost-manufacturing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/california-awards-100m-in-tax-credits-to-boost-manufacturing\/","title":{"rendered":"California Awards $100M in Tax Credits to Boost Manufacturing"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3ceefe0521a&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1108\" height=\"831\" data-attachment-id=\"1004778631\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/california-awards-100m-in-tax-credits-to-boost-manufacturing\/sares-regis-hadrian-hq-calcompetes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg\" data-orig-size=\"1108,831\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sares Regis Hadrian HQ CalCompetes\" data-image-description=\"&lt;p&gt;Image obtained from Sares Regis&#8217; website here: https:\/\/www.sares-regis.com\/post\/torrance-commerce-center-phase-ii-begins-construction&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The tax credit awards will assist Hadrian Automation expand this property in Torrance, Calif. Image courtesy of Sares Regis&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg\" alt=\"Rendering of Hadrian Automation's headquarters in Torrance, Calif.\" class=\"wp-image-1004778631\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg 1108w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Sares-Regis-Hadrian-HQ-CalCompetes.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1108px) 100vw, 1108px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The tax credit awards will assist Hadrian Automation in expanding this property in Torrance, Calif. <em>Image courtesy of Sares Regis<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>California Governor Gavin Newsom\u2019s Office of Business and Economic Development has awarded $99.9 million in California Competes Tax Credits to nine companies across the state as part of its Jobs First initiative. These allocations are expected to generate about $370 million in private <a href=\"https:\/\/www.commercialsearch.com\/news\/how-will-the-rise-in-manufacturing-investment-impact-industrial-cre\/\">manufacturing investment<\/a>.<\/p>\n\n\n\n<p>Firms active within the aerospace, wastewater treatment and microelectronics fields, among others, absorbed the tax credits. An estimated 2,752 jobs will be generated through these subsidies.<\/p>\n\n\n\n<p>Among these companies is Atomic Machines, a firm that earmarked $156.3 million for an expansion to its micro-electromechanical manufacturing plants in Santa Clara, Calif., Emeryville, Calif., and the Bay Area. It is headquartered in Berkeley, Calif., where, according to Yardi Matrix information, it occupies part of Laflife\u2019s facility at 950 Gilman St.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/will-construction-costs-go-up-in-2026\/\">Will Construction Costs Go Up in 2026?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Data center infrastructure manufacturer Bright Machines was also one of the firms that secured tax credits. The company partnered with Microsoft and NVIDIA on various projects, while BlackRock served as lead investor on one of its funding series. Bright Machines now plans to expand its production capabilities with a $62.9 million investment in Fremont, Calif.<\/p>\n\n\n\n<p>In the aerospace <a href=\"https:\/\/www.commercialsearch.com\/news\/manufacturings-comeback-gains-ground\/\">manufacturing sector<\/a>, Hadrian Automation obtained incentives as well. &nbsp;Out of the $260 million it had raised earlier this year as part of its Series C financing round, Hadrian set aside $52 million to expand its 500,000-square-foot headquarters in Torrance, Calif. Sares Regis owns the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manufacturing-tax-credits-are-drawing-investment\">Manufacturing tax credits are drawing investment<\/h2>\n\n\n\n<p>The Golden State has subsidized more than 1,200 businesses through its California Competes Tax Credits, resulting in private investment of more than $50 billion across the entire state.<\/p>\n\n\n\n<p>Previous awards this year include $34.4 million in tax credits issued in June and $30.5 million in May. Notably, this last subsidy attracted $1.85 billion in investment through Element Resources&#8217; development of a hydrogen fuel advanced manufacturing plant in Lancaster, Calif. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The subsidies will bolster the state\u2019s data center and aerospace production capabilities.<\/p>\n","protected":false},"author":3471,"featured_media":1004778631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,52682,15],"tags":[49028,34817],"class_list":["post-1004778629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-policy","category-west","tag-governor-gavin-newsom","tag-tax-policy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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