California Governor Newsom gushes over Google as he signs real-estate bill on site of future mega-campus

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California Governor Gavin Newsom speaks on the opening of the nation’s first federal and state operated neighborhood vaccination website through the outbreak of the coronavirus illness (COVID-19) in Los Angeles, California, February 16, 2021.

Mike Blake | Reuters

California Governor Gavin Newsom pointed to a latest flood of tech IPOs and Google’s forthcoming improvement mission in San Jose as examples of a California comeback, as a recall marketing campaign and complaints from departing residents draw consideration to the state’s troubles.

Google chief authorized officer and world affairs SVP Kent Walker joined native and state officers, together with Newsom, as he signed California invoice SB7 at an occasion in San Jose. The legislation modifications zoning to permit denser housing and quickens the state’s environmental evaluate course of for development tasks, which would come with Google’s proposed mega campus in San Jose.

Newsom and officers thanked Walker a number of occasions through the occasion. “Kent, thank you for highlighting this — this bill is about the investment in the state of California,” Newsom stated in a press convention in San Jose Thursday. “This bill is about our comeback. This bill is about our renewal.”

“To be here with Google and the incredible private sector investment and the faith and devotion to the future of this city and this region and this state is exactly where we want to be and it’s why we are here,” Newsom stated, including that he opted to “celebrate” in-person as a substitute of with a Zoom name initially scheduled for Friday.

The legislation comes as critics say the state is dropping its grip on tech due to excessive housing prices and poor governance, which had been exacerbated through the Covid-19 pandemic. The state has additionally seen an more and more hostile local weather with wildfires and drought. A recall effort in opposition to Newsom just lately collected sufficient legitimate signatures to qualify for the voter poll.

When the press requested him about Californians migrating out of state, Newsom pointed to the tech trade, IPOs, Google and the excessive density of engineers, researchers and scientists.

“Eat your heart out, all those other states,” Newsom continued. “The state has enjoyed 99 IPOs year to date. We’ve had record-breaking venture capital last year in the state of California. We’re the No. 1 innovation state in America,” he stated. “Those that write our obituary — they’ve done so every seven to ten years — are proven wrong over and over again, and once again, they’ll be proven wrong about their current assessment.”

Google’s chief authorized officer and world affairs SVP Kent Walker spoke at a SB7 invoice signing in San Jose, California, alongside Governor Gavin Newsom.

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California startups raised $84.2 billion in enterprise funding final yr, in accordance with the National Venture Capital Association. Google vowed to spend $7 billion on U.S. information facilities and workplace house in 2021, particularly in California the place it has a number of campus websites.

Thursday’s occasion additionally comes one week forward of the town council’s determination subsequent week on whether or not to approve Google’s huge South Bay campus in partnership with the town of the San Jose referred to as “Downtown West.” The 80-acre campus in downtown San Jose may have greater than 20,000 workers and a portion of it is going to be allotted for residential and public house, together with what it hopes can be one of many nation’s largest transit websites. The firm has just lately added $200 million in neighborhood advantages to assist the deal alongside.

“As we start to bring our employees back to our offices throughout the state, throughout the country, we’re looking forward to investing more in California,” Google’s Walker stated Thursday. “We want to invest throughout the United States but we have a special love and affection for California and a belief that California can enable the next generation of innovation. We’re well on our way to economic recovery and we look forward to working with all of you in the years to come.”

Newsom pointed to Google’s proposed housing improvement, which is able to embrace a proposed 4,000 housing items, 25% of which can be designated for “affordable” housing. He additionally stated the sustainability options of the campus are examples of an answer to “Mother Nature’s challenges” within the state.

Watch Now: The California tech exodus: How big is it and what can be done to reverse it?

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