AGP Executive Report
Last update: 4 hours agoJobs and Logistics: Walmart’s new Stockton fulfillment center has created more than 1,000 jobs and adds automated shipping capacity for customers across California and the West Coast. Film Production: California awarded tax credits to 35 projects, including Last Friday; 28 are independent productions, part of a bid to keep production jobs and spending in the state. Power and Wildfire Risk: PG&E proposed undergrounding 5,000 miles of lines over 10 years, saying the work could cut wildfire ignition risk by 98% and outages by 90% on those lines. The plan awaits regulatory review. Data Centers: San Francisco approved a 45-day pause on new data center construction as Bay Area cities weigh the facilities’ power, water and environmental impacts. Downtown Investment: Los Angeles officials say the Convention Center expansion could attract 186,000 visitors and generate more than $400 million for the local economy, though its financing is expected to cost the city’s General Fund about $100 million a year for decades.
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