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The Governor’s Office of Business and Economic Development (GO-Biz) today announced a series of workshops across California designed to help businesses apply for the California Competes Tax Credit (CCTC).
“The California Competes tax credit has encouraged hundreds of companies to expand in California and add valuable jobs in the state,” said GO-Biz deputy director Kristen Kane. “Our conitnued goal for these workshops is to reach new businesses in diverse communities that would benefit from more state resources.”
GO-Biz is awarding a total of $243.3 million in tax credits in fiscal year 2016-17. The next CCTC application period starts July 25, 2016, with $75 million in tax credits available. Businesses interested in applying can register to attend any of the workshops and receive valuable 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 awarded $340 Million to 500 companies projected to create over 55,000 jobs and make $12.9 billion in investments.
The deadline to submit applications is August 22, 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 starting July 25, 2016 at: www.calcompetes.ca.gov.