GO-Biz Offering $74M to California Businesses Hiring and Acquiring Property

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  A total of $219,793,004 in CCTC was budgeted for the 2018-2019 fiscal year and the $74M available during this final round may ultimately increase if GO-Biz awards less than the amounts allocated to the previous two rounds.  The CCTC rewards businesses that hire full-time employees and purchase or lease real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property over the next 5 years.  The deadline to submit an application is Monday, March 25, at 11:59 PM (PDT).  Please do not hesitate to contact us if you have any questions or require assistance.