FOR IMMEDIATE RELEASE
Thursday, June 8, 2017
Office of the Governor of California
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 Director. “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