By Lance Christiansen
Entrepreneurs and manufacturers came out in full force this July to learn how to apply for the $75 million in tax credits available to California firms through the Governor’s Office of Business and Economic Development (GO-Biz). Co-sponsored by State Board of Equalization Vice-Chair Diane Harkey and GO-Biz, attendees learned how to apply for the California Competes Tax Credit as well as the Manufacturing and Research & Development Equipment Exemption. “I’d like to take advantage of both programs” commented Tempe Brooks, Secretary-Treasurer for Adams & Brooks Confectioners out of Los Angeles. Workshops were held throughout Southern California, including Corona (pictured below).
Vice Chair Harkey has written numerous letters of support for GO-Biz grant applications from fourth district companies. In her first six months in office, Orange County based Telogis secured a credit that will help the company create 202 new jobs. In San Diego, NASSCO secured a credit of $2 million, allowing the company to invest $100 million and create 384 new jobs.
If you have a question about the California Competes Tax Credit, or the Manufacturing Exemption, email Vice Chair Harkey directly and a member of her professional staff will assist you.