The Governor’s Office of Business and Economic Development (GO-Biz) is pleased to announce that it is now accepting applications for the California Competes Tax Credit (CCTC). There are $75 million in tax credits available during this application period. The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California.
The deadline to submit applications is Monday, January 25, 2016, 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. In addition, an application guide, Frequently Asked Questions (FAQs), program regulations, and a video explaining how to create an account are available at www.business.ca.gov/CalCompetes.aspx. For applicants that are reapplying, the FAQs include instructions on how to copy information from a previously submitted application.
Free Webinar
Businesses interested in learning more about the CCTC can participate in a free webinar on Tuesday, January 19, 2016, Click here for details and registration.
About the California Governor’s Office of Business and Economic Development (GO-Biz)
Since 2014, GO-Biz has awarded $223 million to 330 companies projected to create over 42,000 jobs and $9.6 billion in investments In 2015, GO-Biz hosted 68 workshops and five webinars across the state.
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.
If you have any questions regarding the CCTC program or application process, please call (916) 322-4051 or email CalCompetes@gov.ca.gov.
