Sacramento, Calif. — The Governor’s Office of Business and Economic Development (GO-Biz) today announced a series of 28 workshops across California designed to help businesses apply for over $200 million in available California Competes Tax Credits (CCTC).
“Our message to business owners is simple, take advantage of this tax credit and create new job opportunities,” said Kristen Kane, GO-Biz Deputy Directory. “The California Competes tax credit has encouraged hundreds of companies to expand in California and add thousands of good paying jobs. This application is free, it’s easy to apply and we want great companies that are expanding to receive these valuable tax credits.”
GO-Biz is awarding over $200 million in tax credits in fiscal year 2017-18. The next CCTC application period starts July 24, 2017. Businesses interested in applying can register to attend any of the workshops and receive helpful information from GO-Biz staff. GO-Biz has also partnered with several organizations to help promote the workshops and encourage local businesses to attend the events.
This program is open to any business planning to create new full-time jobs in the state, regardless of size or location. Since 2014, GO-Biz has allocated $492.5 million to 688 companies projected to create 70,747 new jobs and $14.4 billion in new investments.
The online application can be accessed starting July 24, 2017 at www.calcompetes.ca.gov.
Members of the CCTC team are available to provide technical application assistance. An application guide, Frequently Asked Questions (FAQs), program regulations, and a video explaining how to create an account are available here.
Complete List of Workshops (June 26 – July 20) available on the GO-Biz website
| Sonoma, CA June 26, 2017 Details and Registration |
Oakland, CA June 26, 2017 Details and Registration |
Fremont, CA June 27, 2017 Details and Registration |
| San Jose, CA June 27, 2017 Details and Registration |
San Louis Obispo, CA June 28, 2017 Details and Registration |
Bakersfield, CA June 28, 2017 Details and Registration |
| Visalia, CA June 29, 2017 Details and Registration |
Modesto, CA June 29, 2017 Details and Registration |
Sacramento, CA July 5, 2017 Details and Registration |
| Redding, CA July 5, 2017 Details and Registration |
Yuba City, CA July 6, 2017 Details and Registration |
Fresno, CA July 7, 2017 Details and Registration |
| Camarillo, CA July 10, 2017 Details and Registration |
Simi Valley, CA July 11, 2017 Details and Registration |
San Fernando, CA July 11, 2017 Details and Registration |
| Los Angeles, CA July 11, 2017 Details and Registration |
Compton, CA July 12, 2017 Details and Registration |
Long Beach, CA July 12, 2017 Details and Registration |
| Fullerton, CA July 13, 2017 Details and Registration |
Santa Ana, CA July 13, 2017 Details and Registration |
Fontana, CA July 17, 2017 Details and Registration |
| San Bernardino, CA July 17, 2017 Details and Registration |
Riverside, CA July 18, 2017 Details and Registration |
Moreno Valley, CA July 18, 2017 Details and Registration |
| El Centro, CA July 19, 2017 Details and Registration |
Temecula, CA July 19, 2017 Details and Registration |
San Diego, CA July 20, 2017 Details and Registration |
| Chula Vista, CA July 20, 2017 Details and Registration |
About GO-Biz
The Governor’s Office of Business and economic Development (GO-Biz) serves as California’s single point of contact for economic development and job creation efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit: www.business.ca.gov
About California Competes
The CCTC is part of the Governor’s Economic Development Initiative (GEDI) which Governor Brown signed legislation to enact in 2013 (AB 93 and SB 90). GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Companies are exempted from paying state income taxes in the amount awarded.
If you have any questions regarding the CCTC or application process please contact our office at (916) 322-4051 or send an email to [email protected].
If you would like to receive information about other GO-Biz programs, press releases, newsletters, and events please click here to register.
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