"The Berkeley City Council has expanded tax breaks for research and development startups, eliminating the $1 million cap and fostering local startup growth and innovation."
"City economic development staff indicate the financial impact of broadening the program won't be significant, estimating only $21,600 forgone in 2022 and $61,200 in 2023."
"Mayor Jesse Arreguin supports the measure, stating it encourages startups from UC Berkeley and Lawrence Berkeley National Laboratory to remain in the area."
"Opposition led by former councilmember Kate Harrison argues against the expansion, labeling it as a massive giveaway to large corporations amid fears of budget shortfalls."
Collection
[
|
...
]