California Competes: GO-Biz to Provide $100 Million in Tax Credits:

By: Sharjeel Sohaib

• 

Mar 12, 2022

 • 

  • The Governor’s Office of Business and Economic Development (GO-Biz) is providing more than $100 Million in tax credits.
  • The program is called the California Competes Tax Credit  or CCTC.
  • It is for businesses that are expanding and adding quality, full-time jobs in California.
  • Deadline to apply is March 28, at 11:59 p.m. (Pacific Time). Apply at www.calcompetes.ca.gov.  

Overview Session about California Competes

A webinar took place on March 9th, 2022 about the California Competes Tax Credit program.

The California Competes Tax Credit Webinar provided an overview of the program, evaluation criteria, and step-by-step instructions through the application process.

Application instructions, FAQs, and other technical documents, including the slides from this presentation are available at http://www.business.ca.gov/Programs/California-Competes-Tax-Credit/California-Competes/Resources and any questions about the program may be sent to Scott Dosick.

For information regarding the tax credit, please call (916) 322-4051 or email [email protected]

Businesses that Received Tax Credits in the Past

  • CHC Consulting—$2 million (Nov. 2015)
  • Cerner Corp.— $1.5 million (Nov. 2015)
  • Lite Machines—$1 million (April 2016)
  • Hughes Circuits, Inc.— $400,000 (April 2016)
  • Clevermade, LLC—$130,000 (June 2016)
  • Processing Point—$115,000 (June 2016)
  • Comprehensive Advisor—$100,000 (April 2016)
  • Solterra Lighting, Inc.—$20,000 (April 2016)
  • Abtech Technologies—$25,000 (April 2016)

State official discusses California Competes Tax Credit, Grant program

Author

  • Avatar Of Sharjeel

    Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.

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