The next California Competes Tax Credit (CCTC) application period starts Monday, July 30, 2018, with $70 million in available tax credits. Businesses interested in applying can register to view a live webinar explaining the application process. Three dates/times are offered for the webinar.
The deadline to submit applications is Monday, Aug. 20, 2018, at 11:59 p.m., and the online application website will automatically close once this deadline has passed. The online application can be accessed starting July 30, 2018, at CalCompetes.CA.Gov.
Members of the CCTC team are available to provide technical application assistance via CalCompetes@GoBiz.CA.Gov or at (916) 322-4051. An application guide, Frequently Asked Questions (FAQs), program regulations, and a downloadable version of the webinar presentation are available here. These documents have been updated to address recent statutory changes to the program.
Complete List of Upcoming Webinars
Aug. 2, 2018
Details and Registration
Aug. 8, 2018
Details and Registration
Aug. 13, 2018
Details and Registration
About California Competes
The California Competes Tax Credit is part of the Governor’s Economic Development Initiative (GEDI) which Gov. Jerry 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. Businesses can use the CCTC to reduce their state income taxes by the amount awarded.
About Governor’s Office of Business and Economic Development (GO-Biz)
Established in 2012 by Gov. Brown, GO-Biz serves as 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 Business.CA.Gov.