SACRAMENTO —Assemblymember Steve Fox (D-Palmdale) announced Thursday that Governor Jerry Brown signed into law Assembly Bill (AB) 2389, a measure to create and retain aerospace industry jobs in California.
“We have been focusing on economic recovery and job creation,” said Fox. “This tax credit will help California gain and retain high-paying jobs for our people.”
AB 2389 will directly create 1,100 aerospace jobs in California, and will indirectly create 4,782 jobs in supporting fields.
Assemblymember Fox, working in collaboration with the Governor’s Office of Business Development, Assembly Speaker Toni G. Atkins (D-San Diego), and the aerospace industry developed this credit to specifically help aerospace companies currently bidding on Federal Department of Defense projects.
Assembly District 36 is home to Plant 42, the Mojave Air and Space Port, Edwards Air Force Base, NASA Armstrong Flight Research Center, Lockheed Martin, Boeing, Northrop Grumman, Space X, Virgin Galactic, and hundreds of other aerospace companies.
Lockheed Martin and Northrop Grumman are the two largest private employers in the district.
“California is open for business,” said Fox. “The success of aerospace companies will spill over to supporting industries and help to pull our state out of the Great Recession completely.”
More information is available at www.asmdc.org/fox.