Antonio Ray Harvey
Gov. Gavin Newsom Appoints Joe Stephenshaw as State’s Director of Finance
“I’m truly honored to be chosen by Governor Newsom for this historic appointment,” Joe Stephenshaw told California Black Media. Stephenshaw’s appointment makes him the highest-ranking Black DOF official in the last 30 years. Stan Stancell served as Gov. Pete Wilson’s chief deputy director of Finance in the early 1990s.
By Antonio Ray Harvey, California Black Media
Gov.Gavin Newsom has appointed Joe Stephenshaw as director of the California Department of Finance (DOF), filling the position held by Keely Martin Bosler since 2018.
Stephenshaw, 47, will be Newsom’s chief fiscal policy advisor. Since March 2022, he served as senior counselor on Infrastructure and Fiscal Affairs in the Office of the Governor.
“Joe’s deep knowledge and experience of the state’s finances and the role that budgets play in moving our priorities forward – expanding opportunity, protecting public safety, and fighting climate change – make him uniquely qualified to be California’s next Director of Finance,” Newsom said in a written statement. “I thank him for stepping up to lead our accomplished team at the Department of Finance as we continue to invest in California values and build stability for years to come.”
The DOF Director position requires Senate confirmation and is paid an annual compensation is $227,178. Stephenshaw is a Democrat.
“I’m truly honored to be chosen by Governor Newsom for this historic appointment,” Stephenshaw told California Black Media.
Stephenshaw’s appointment makes him the highest-ranking Black DOF official in the last 30 years. Stan Stancell served as Gov. Pete Wilson’s chief deputy director of Finance in the early 1990s.
Stephenshaw was staff director for the Senate Budget and Fiscal Review Committee from 2017 to 2022. He earned a Master of Business Administration degree from California State University, Sacramento.
He held multiple other positions in the California Legislature from 2008 to 2017, including serving as a Policy Consultant in the Office of the Senate President pro Tempore, a Special Advisor to the Speaker of the Assembly, and as a Budget Consultant for both the Assembly Budget Committee and the Senate Budget and Fiscal Review Committee.
From 2005 to 2008, Stephenshaw was a budget analyst for DOF.
“Congratulations to Joe Stephenshaw for being appointed Director at the California Department of Finance! I have worked with Joe in several roles in the Assembly and Senate, and I cannot think of a kinder person or more qualified individual for this role,” California Senate President pro Tem Toni Atkins stated on July 1 on her Twitter account.
At DOF, Stephenshaw’s responsibilities include establishing appropriate fiscal policies to carry out the state’s programs as well as preparing, explaining, and administering the state’s annual financial plan (budget), which Newsom is required under the State Constitution to present by January 10 of each year.
The DOF director provides fiscal stewardship and oversight in matters before the State Lands Commission, State Teachers’ Retirement Board, and the Franchise Tax Board, among many others.
Stephenshaw will sit on numerous boards, commissions, bond committees, and finance authorities that cover a broad range of policy areas.
DOF impacts the fiscal activities of other state departments because of the general authority granted to it in Government Code Section 13070. This section provides the Department of Finance with authority over all financial and business policies of the state.
Keely Martin Bosler was appointed as director of the California Department of Finance by Gov. Edmund G. Brown Jr. in August 2018 and reappointed by Newsom in December 2018. She announced in March that she would be leaving at the end of the budget season in June.
“Throughout unprecedented challenges and opportunities, Keely has expertly steered the state’s finances with a commitment to expanding opportunity, improving the lives of Californians, and maintaining a solid fiscal foundation,” Newsom stated. “Keely led our work to provide historic relief to get Californians back on their feet and lay the groundwork for our recovery. I’m deeply grateful to Keely for lending her exceptional leadership, talents, unique perspective, and profound dedication to our work to build a better future for all Californians.”
Antonio Ray Harvey
Will Gov. Newsom’s New Film and TV Tax Credit Prioritize Diversity?
Assemblymember Mike Gipson (D-Carson), a member of the California Legislative Black Caucus (CLBC) says he supports Gov. Gavin Newsom’s proposal to expand the state’s Film and Television Tax Credit Program from its current $330 million annual budget allocation to $750 million. Gipson, who is chair of the Assembly Committee on Arts, Entertainment, Sports, and Tourism, says, historically, that tax credit has aimed to increase diversity, equity, and inclusion” as outlined in SB 132.
By Antonio Ray Harvey, California Black Media
Assemblymember Mike Gipson (D-Carson), a member of the California Legislative Black Caucus (CLBC) says he supports Gov. Gavin Newsom’s proposal to expand the state’s Film and Television Tax Credit Program from its current $330 million annual budget allocation to $750 million.
Gipson, who is chair of the Assembly Committee on Arts, Entertainment, Sports, and Tourism, says, historically, that tax credit has aimed to increase diversity, equity, and inclusion” as outlined in SB 132.
He’s counting on it to continue making diversity a priority.
“The Legislature finds and declares an overall trend toward increasing diversity based on existing research on diversity in the motion picture production and television industry,” the bill language states.
In a statement, Gipson told California Black Media (CBM) the tax credit, “would allow our state to be more competitive against states with tax incentive programs of their own, such as Georgia, New York, and New Mexico.”
“The film and television industry is iconic to California, impacting thousands of jobs for below-the-line workers on film and television crews, as well as many others working in hair and make-up, food services and transportation, costume and set design, and more,” Gipson continued.
According to the Governor’s office, the increase would uplift the state for capped film incentive programs, surpassing other states. Gipson says he agrees with Newsom’s assessment and the notion that the program would bring more business back to California.
“California is the entertainment capital of the world, rooted in decades of creativity, innovation, and unparalleled talent,” said Newsom on Oct 27 in L.A. at the unveiling of the tax credit.
Newsom’s tax credit proposal is expected to appear as a bill during the next legislative session, raising concerns about diversity, equity, and inclusion for some lawmakers and advocates.
Gipson’s CLBC colleagues Sen. Lola Smallwood-Cuevas (D-Los Angeles) and Assemblymember Tina McKinnor (D-Inglewood) led a faction of legislators who demanded answers from Hollywood last year after several Black women left high-profile executive positions in Hollywood.
A number of those Black executives who left those prominent roles were leading DEI initiatives at major entertainment companies such as Netflix, Disney, British Broadcasting Company, Warner Bros., and the Academy of Motion Pictures Arts and Sciences.
Speaking on behalf of Black, Indigenous, and People of Color (BIPOC) employed in the industry, McKinnor and Smallwood Cuevas insist on holding television and film studio executives accountable as they benefit from taxpayer support but often appear reluctant to support Diversity, Equity and Inclusion initiatives.
“I was highly offended to see the industry’s response to a $1.6 billion tax subsidy by quietly eliminating Black women from executive positions with a number of studios,” said McKinnor. “Many of these women were involved in their studios’ diversity, equity, and inclusion efforts, which raises a serious question about their commitment to diversity, equity, and inclusion in the film industry.”
The legislation for this year’s tax credit program has not been written, but Gipson’s staff has indicated that he will not introduce it – even though the issue is close to his heart.
“I applaud the work being done by the California Film Commission, the studios, and the entertainment unions, and I look forward to supporting this proposal next year as it moves through the legislative process,” Gipson said.
Antonio Ray Harvey
Feds: California Will Be Home to New National Semiconductor Technology Center
California was chosen by the U.S. Department of Commerce (Commerce) and Natcast, the operator of the National Semiconductor Technology Center (NSTC) to be home to the headquarters for the National Semiconductor Technology Center – as part of the Biden-Harris Admin’s CHIPS and Science Act. The CHIPS for America Design and Collaboration Facility (DCF) will be one of three CHIPS for America research and design (R&D) facilities and will also operate as the headquarters for the NTSC and Natcast.
By Antonio Ray Harvey
California was chosen by the U.S. Department of Commerce (Commerce) and Natcast, the operator of the National Semiconductor Technology Center (NSTC) to be home to the headquarters for the National Semiconductor Technology Center – as part of the Biden-Harris Admin’s CHIPS and Science Act.
The CHIPS for America Design and Collaboration Facility (DCF) will be one of three CHIPS for America research and design (R&D) facilities and will also operate as the headquarters for the NTSC and Natcast.
“We are thrilled that the Department of Commerce and Natcast chose to locate this critically important facility in Sunnyvale, the heart of the Silicon Valley, alongside the world’s largest concentration of semiconductor businesses, talent, intellectual property, and investment activity,” said Dee Dee Myers, Senior Economic Advisor to Gov. Gavin Newsom and Director of the Governor’s Office of Business and Economic Development (GO-Biz). “The Newsom Administration and our partners across the industry know how important it is to shorten the timeframe from R&D to commercialization.”
According to GO-Biz, the DCF is expected to direct over $1 billion in research funding and create more than 200 employees in the next decade. The facility will serve as the center for advanced semiconductor research in chip design, electronic design automation, chip and system architecture, and hardware security. The CHF will be essential to the country’s semiconductor workforce development efforts.
As detailed in the released NSTC Strategic Plan, the DCF will suppress the obstacles to “semiconductor prototyping, experimentation,” and other R&D activities that will enhance the country’s global power and leadership in design, materials, and process innovation while enabling a vigorous domestic industr“Establishing the NSTC headquarters and design hub in California will capitalize on our state’s unparalleled assets to grow a highly skilled workforce and develop next-generation advancements,” stated U.S. Sen. Alex Padilla (D-Calif.). “This CHIPS Act funding will propel emerging technologies and protect America’s global semiconductor leadership, all while bringing good-paying jobs to our state.”
Antonio Ray Harvey
Black Leaders, Political Orgs, Sound Alarm About Project 2025
With the general elections just a few days away, Black organizations and leaders, including Rep. Maxine Waters (D-CA-43), are sounding the alarm about Project 2025, the Heritage Foundation’s controversial “policy bible.” The four-pillar initiative includes a detailed blueprint for the next conservative presidential administration – making way for a sweeping overhaul of the executive branch.
By Antonio Ray Harvey, California Black Media
With the general elections just a few days away, Black organizations and leaders, including Rep. Maxine Waters (D-CA-43), are sounding the alarm about Project 2025, the Heritage Foundation’s controversial “policy bible.”
The four-pillar initiative includes a detailed blueprint for the next conservative presidential administration – making way for a sweeping overhaul of the executive branch.
Waters has been outspoken in her opposition of the 900-page policy.
Recently, she shared “The People’s Guide to Project 2025” with the Inglewood Area Ministers Association, an organization of predominantly Black pastors, to inform them about the proposal’s impact, emphasizing that its influence would reach beyond the traditional spheres of presidential power. The 15-term politician from Los Angeles shared her sentiments with the House Financial Services Committee in July.
“Project 2025 promotes radical ideals to materially undermine the Federal Reserve, if not effectively abolish it,” Waters said.
Written by the Heritage Foundation, Project 2025 was developed with the input of a broad coalition of conservative organizations and is organized around four pillars: Policy, Personnel, Training, and the 180-Day Playbook. The proposals in the document aim to revamp every aspect of the U.S. government.
Waters is not the only person sounding the alarm about Project 2025’s agenda. Grassroot organizations in California and across the nation are preparing to combat the initiative despite who wins the election between Trump and U.S. Vice President Kamala Harris.
The National Assembly of American Slavery Descendants (NAASD), members of advocacy groups in California, and other Black political organizations across the nation are drawing up policy documents to counter the conservative Project 2025 initiative.
On Aug. 2, NAASD hosted a nationwide ZOOM conference call to discuss policies that concern Black communities. Nocola Hemphill, the president and chief executive officer of the U.S. Black Women’s Chamber, and grassroots organizations on the call are promoting what they call, #Reparations2025.
“I just want us to think about bringing all policies (ideas) together when we think about Project 2025,” said Hemphill, who lives in South Carolina. “I am excited about the possibility of us forming our own version of Project 2025 and having it published by the November election.”
NAASD is a nonprofit association of community activists from across the country that formed around May 2019.
Los Angeles resident Khansa “Friday” Jones Muhammad is the president of NAASD.
“The National Assembly of American Slavery Descendants (NAASD) envisions a nation where African American descendants of US slavery can fully exercise their constitutional citizenship rights and have economic agency for generations,” Muhammad told California Black Media (CBM).
While forming an agenda for #Reparation2025, NAASD has created a survey to determine how systemic racism and discrimination in the United States have affected Black American lives and single out options to repair harms through public policy. Participants in the survey would help the organization shape a national blueprint.
“During this election cycle, it is imperative that national Black organizations come together for collective success,” Muhammad shared with CBM. “While the vote for President of the United States is important, we need to also focus on other active projects such as ‘Project 2025,’ Supreme Court rulings around race and more.”
Muhammad added, “NAASD’s Black experience survey allows for individuals, Black organizations, and their allies to forge a pathway to reparations by utilizing community-building and policy.”
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