GO-Biz to Award $150M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  This is the first application round for fiscal year 2021-2022 with $150M available.  The CCTC is a state income tax credit that rewards businesses which project the following over the next 5 years:

  • Creating full-time jobs
  • Purchasing or leasing real and personal property

The tax credit agreements are negotiated between taxpayers and GO-Biz then approved by the CCTC Committee.  Awards range from $20K to 8-figure amounts.  The deadline for this round is Monday, August 16, 2021 at 11:59 (PDT).  Please refer to this FAQ for additional details and do not hesitate to contact us with any questions.