Governor Jerry Brown wants California to adopt the same corporate tax policy that’s worked in Texas, Massachusetts and most of the states, but Republicans have denounced the proposal as just another tax increase that will hurt businesses.
Rents in San Francisco are on the rise, up 13 percent from a year ago. Supply is short, partially because so many people are looking to live in the city but work elsewhere as corporate commuter shuttles make it easier for workers.
Included in the cuts are 200 jobs at Genentech’s South San Francisco headquarters and 100 jobs at Genentech’s Vacaville research facility, officials told CBS 5 on Thursday.
Genentech Inc. spent just over $1.2 million lobbying the federal government in the third quarter, according to a recent disclosure form.