The next California Competes Tax Credit (CCTC) application period started Monday, July 27 with $80 million in available tax credits. Businesses interested in applying can register to view a live webinar explaining the application process.
The deadline to submit applications is Monday, Aug. 17, 2020, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed at www.calcompetes.ca.gov.
Members of the CCTC team are available to provide technical application assistance (CalCompetes@gobiz.ca.gov / 916-322-4051).
Upcoming webinars are planned for Thursday, Aug. 6 and Tuesday, Aug. 11.
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and 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.
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention, and expansion services, site selection, permit streamlining, regulatory guidance, small business assistance, international trade development, assistance with state government, and much more. For more information visit: www.business.ca.gov.