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What’s Inside: Potential Business Tax Increases; Apply to Partner with Eli Lilly; Tax Credit Applications Open July 22; New Speaker Series in SSF; Bay Area Community Events; and more.
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Find the latest news and information impacting the Bay Area life science industry. If you have company news you’d like to share, please get in touch.
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Welcome New Bay Area Members
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News from Biocom California
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“What’s Happening East of 101?” Speaker Series Launches July 26
Biocom California is excited to partner with the City of South San Francisco on the launch of “What’s Happening East of 101?”—a speaker series that aims to bridge the gap between South City residents and the vibrant biotech community east of Highway 101. Over the next few months, residents will gain insight into the important work Astellas (7/26), Allogene (8/23), Amgen (9/27) and Centivax (11/15) are doing within the SSF city limits—providing solutions for patients globally and right here at home. Learn more and register to attend here.
United Voices Summit: Discount for Bay Area Attendees
Join us on August 1 in San Diego for our inaugural DEI symposium, the United Voices Summit. Bay Area attendees can use promo code BCABAGuest for $100 off registration. Hotel discounts are available at the Hilton La Jolla Torrey Pines by contacting Jennifer Burnett and copying Biocom California Director of Diversity, Equity & Inclusion Jennifer Hairston.
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San Mateo Board of Supervisors Approve $4.2 Billion Budget
The San Mateo County supervisors approved a $4.2 billion budget for the 2024-25 fiscal year with priorities focusing on services for children, families and seniors, housing and homelessness and emergency preparedness. Local budget officials warn the fiscal picture could look different in September when the supervisors will consider a final budget with revisions.
Bay Area Companies Facing Potential Tax Increases
Five Bay Area cities are seeking to increase business taxes as they continue to face pandemic-related budget shortfalls. Policies are being considered for the November ballot in San Francisco, South San Francisco, Redwood City, Foster City and Belmont. Biocom California is actively engaged in advocating on behalf of our members in these cities. Please contact Bay Area Policy Manager Christy Shirilla with any questions.
San Francisco’s Mayoral Debates
The top five candidates for mayor of San Francisco participated in two debates in June less than one week apart. The candidates discussed issues such as public safety, tourism, housing and revitalizing downtown. The candidates include Mayor London Breed, former interim Mayor Mark Farrell, San Francisco Supervisors Ahsha Safai and Aaron Peskin, and nonprofit executive Daniel Lurie.
Natural Gas Tax on Berkeley’s November Ballot
A ballot measure that would impose a tax on large buildings that rely on natural gas will appear on Berkeley’s November ballot. The Large Buildings Fossil Fuel Emissions Tax Ordinance, if approved by voters, would apply to all buildings in Berkeley over 15,000 square feet that depend on natural gas. Property owners would be responsible for paying the annual tax, which would be calculated based on the amount of natural gas used per year. Biocom California is actively engaged on the proposal. Reach out to our Bay Area Policy Manager Christy Shirilla with any questions.
GO-Biz Now Accepting Applications for $215M in Tax Credits
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to grow in California. Biocom California was a key partner in creating this program and many life science companies have been successful in receiving a tax credit. Starting July 22, applications can be submitted online and are due August 12 at 11:59 p.m. PDT. Application assistance, webinars and additional resources are available on the CCTC website.
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In Other News:
- SF’s office vacancies hit an all-time high right as “Great Reset” begins.
- Burlingame’s Vice Mayor Emily Beach to resign.
- The largest affordable housing bond in California history to be on November ballot.
- New state law expediting SF’s housing permit approval process to kick in.
- San Jose BART extension needs federal funding for completion.
- Free water shuttle launches between Oakland and Alameda.
- Tax on ride shares proposed to fund Muni.
- Oakland Mayor facing recall in November election.
- The following cities will be discussing business tax reform at their upcoming city council meetings: Foster City (July 15); Redwood City
(July 22); and South San Francisco (July 24). Public comment is welcomed at all meetings.
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Capital Development & Partnering
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Apply to Partner with Eli Lilly
Don’t miss the chance to participate in our Venture Hub Partnering Day with Eli Lilly and explore exciting partnership opportunities. Multiple business units within Eli Lilly are eager to meet companies that align with their objectives. This event is scheduled for August 20 in San Diego. Learn more here and apply by July 31.
Upcoming C-Suite Events
July 18 | C-Suite Summer Soiree | San Francisco
July 25 | CEO/Founders Network | Brisbane
October 25 | CEO Summit | Sonoma
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Transform Your Career with From the Laboratory to Leadership Programs
Whether you’re a first-time manager or seeking to expand your management skills, The Leadership Edge invites you to join the From the Laboratory to Leadership program and become your best professional self. Built from over 30 years of success with 7,500 graduates from 1,000 life science companies, the Bay Area and virtual programs will transform you into a capable business leader. Don’t miss this opportunity and secure your spot today. Register here for the hybrid Bay Area program. Register here for the virtual program.
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The Evolution of the Biocom California Purchasing Group
The organization formerly known as the Biocom California Purchasing Group is thrilled to announce the rebrand of our business and our new name: Core by Biocom California. Leveraging almost 30 years of expertise, Core by Biocom California helps life science companies secure mission-critical services at a reduced cost while offering the resources and support leaders need to focus on their pursuit of scientific innovation. Learn more.
New Member Savings at Home2 Suites and Hampton by Hilton
Core by Biocom California is excited to offer our members two new Bay Area hotels at special rates, the Home2 Suites and Hampton by Hilton in South San Francisco. Located directly off US-101 and less than five miles from the San Francisco International Airport and the Biocom California Bay Area office, both properties are equipped to be your base at the birthplace of biotech for any length of stay. Biocom California members receive 10% off the best available rate online. Explore the Hampton by Hilton and Home2 Suites.
Veolia Wins Environmental Services RFP
As a result of our recent member-driven Request for Proposal (RFP) process in the environmental waste management services category, Core is proud to announce the extension of our partnership with Veolia, a global leader in optimized resource management. This collaboration aims to serve our members in all their waste management needs while enhancing sustainability and access to environmental innovation within the life science community. To learn more, explore their program page or reach out to your account manager.
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Biocom California | Bay Area
Biocom California is the advocate for California’s life science sector. Our South San Francisco office aims to build the networks that are critical to growth in this thriving regional ecosystem. Our targeted programs and customized services are tailored to the specific needs of the Bay Area region. We work on behalf of more than {{{dynamic_content_1600}}} members to drive public policy, build an enviable network of industry leaders, create access to capital, introduce cutting-edge STEM education programs, and create robust value-driven purchasing programs.
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