As California’s financial outlook continues to improve, Senator Roth remains in the forefront to promote economic growth -- streamlining regulations, providing incentives for businesses to develop and bringing new jobs to Inland Southern California.
During his first term in the State Senate, Roth fought to establish the University of California Riverside medical school, bringing home $15 million annually for UC Riverside. Not only will the medical school fulfill important local health care needs, it will provide an economic engine to encourage further public and private investments in the area, creating highly skilled, good-paying jobs.
Continuing to deliver on his promise to bring good jobs to our region, Roth played a critical role in winning the decision to build the California Air Resources Board’s (CARB) new emissions testing facility at UC Riverside. While working to clean our air, CARB's new facility is a tremendous investment for our region, bringing more than 400 good jobs to Inland Southern California, including high-paying research and engineering jobs. With time and new research and development, the total number of new jobs is estimated to reach nearly 600. Winning this long and hard fought battle also means Inland Southern California’s talent pool will expand and grow, continuing to strengthen our region’s economy.
Senator Roth also authored the Aerospace Tax Credit to retain and create 6,600 California jobs and to restore California’s leadership position in the aerospace industry. Aerospace companies have to earn the credit by generating new jobs, many of which are high-paying technical and manufacturing jobs that all states are competing to create. The California Chamber of Commerce labeled Senator Roth’s new law as a “job creator.”
To protect small businesses and ensure ADA compliance, Senator Roth has authored legislation that gives businesses the tools and resources necessary to comply with the law while protecting access for the disabled community. This common sense approach gives small businesses education, training and resources to fix ADA compliance issues in an attempt to ensure fair and full access for all Californians.
Working with the Governor's Office of Business and Development, Senator Roth helped bring a New Employment Tax Credit Pilot Area to portions of Jurupa Valley, March Joint Powers Authority, Mead Valley, Moreno Valley, Perris and Riverside. These Pilot Areas are drivers of the economy in western Riverside County, giving employers access to tax credits for hiring new employees at wages of $10 per hour or more.
Senator Roth also was instrumental in the passage of the Governor's Economic Development Initiative, which included funding for the new California Competes Tax Credit to incentivize businesses to stay and grow in California. To date, over $3 million in tax credits have been awarded to business applicants based in western Riverside County.
To spur economic development and expand recreational opportunities locally, Senator Roth pushed for state approval to construct the $20 million Silverlakes Equestrian and Sports Park in Norco.