SAN JOSE, CA (May 20, 2022) — Ahmad Thomas, CEO of the Silicon Valley Leadership Group, issued the following statement today in response to the release of Governor Newsom’s May Revise for FY 2022-23:
“The Silicon Valley Leadership Group thanks Governor Newsom for proposing a budget designed to help tackle our state’s most pressing problems, while providing a strong framework for growth and renewal as we emerge from an unprecedented global pandemic.
Silicon Valley remains the best place on Earth for innovation, yet our value proposition is vulnerable to the challenges of the pandemic, shifting dynamics tied to an increasingly remote and hybrid workforce, climate impacts, housing and the ever-rising cost of living. It is more vital than ever before that we continue our work to create a more equitable and sustainable future for all Californians.
Our record-breaking budget surplus makes this an ideal time to fuel growth by investing in our state and enacting policies that safeguard Silicon Valley’s innovation infrastructure. It remains vital that we focus on ensuring that California remains a competitive place to do business, and continues to provide opportunities for all Californians to create shared value.
We welcome the opportunity to represent our world-leading member companies in ongoing discussions with the Governor, his administration, and the Legislature as we debate how best to build for the future, increase equity, and tackle the challenges facing the Golden State.”
A copy of SVLG’s letter outlining its updated budget priorities can be accessed here.
About SVLG:
Silicon Valley Leadership group is California’s most dynamic business association. Building on four decades of success in championing the solutions that make Silicon Valley the best place to work and live, we promote solutions focused on fostering business competitiveness and the region’s innovation ecosystem. Collectively, SVLG members provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy each year. For more information, please visit svlg.org.
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