GO-Biz Accepting Applications for California Competes Tax Credit

Source: CalChamber

The Governor’s Office of Business and Economic Development (GO-Biz) has announced the first quarter application period is open for businesses interested in applying for the California Competes Tax Credit (CCTC).  Applications must be submitted by January 22.

GO-BizThe California Competes Tax Credit is an income tax credit available to businesses who want to come, stay, or grow in California. Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules.

In December, 12 CalChamber members were selected as recipients of the tax credit.

Governor Brown created the California Competes Tax Credit in 2013 to focus on helping businesses grow and stay in California. Since 2014, GO-Biz has allocated $622.8 million to 865 companies projected to create 83,414 new jobs and make $15.7 billion in new investments.

California Competes Tax Credit Webinar Information

Before each application period, GO-Biz hosts online webinars about the CCTC program. Each webinar consists of a 45-minute presentation, followed by a question and answer session. Each presentation includes the following:

  • Overview of the program.
  • Program goals and evaluation criteria.
  • Step-by-step instructions through the application process.

All businesses are encouraged to participate in our webinars to receive instructions on how to apply. Below is a list of the upcoming webinars:

January 12, 2018
Details and Registration

January 16, 2018
Details and Registration

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