The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC). There are at least $164 million in tax credits available during this application period for businesses that are expanding and adding quality, full-time jobs in California that might not otherwise be created by the business or any other business. The deadline to submit applications is Monday, March 18, at 11:59 p.m. PST and the online application website will automatically close once this deadline has passed. The online application can be accessed at www.calcompetes.ca.gov.
An updated application guide, Frequently Asked Questions (FAQs), a recorded webinar, and program regulations are available at www.business.ca.gov/calcompetes.aspx.
Businesses interested in learning more about California Competes can participate in free application webinars.
We encourage businesses to apply for this valuable state tax credit. For more information and questions please contact Barbara Levine, Director of Business Assistance, at barbara.levine@laedc.org or (310) 466-5197.
