News

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

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GO-Biz to Award $80M 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) with over $80M in tax credits available.  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

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Final Application Round of California Competes Tax Credit Opens

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) with over $73M in tax credits available.  The CCTC rewards businesses of all sizes that (1) hire full-time employees and (2) purchase or lease real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.)

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GO-Biz to Award $75M 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) with over $75M in tax credits available.  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. 

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GO-Biz to Award $236.8M 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).  GO-Biz will be allocating $236,808,527 of CCTC in  fiscal year 2019-2020 during three application rounds: July 29, 2019 through August 19, 2019 January 6, 2020 through January 27, 2020 March 9, 2020 through March 30,

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AB 1726 Proposes California WOTC

Assemblymembers Dr. Joaquin Arambula (D-Fresno) and Sabrina Cervantes (D-Corona) have introduced a bill that would replace the ineffective and underutilized New Employment Credit (NEC) with a California Work Opportunity Tax Credit (WOTC) that mirrors the federal WOTC.  AB 1726 would incentivize employers to hire individuals with barriers to employment and utilize the built-in efficiencies the

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GO-Biz Opens Final Round of California Competes Tax Credit

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

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GO-Biz Offering $75M 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) with over $75M in tax credits available.  The CCTC rewards businesses that hire full-time employees and invest in real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property during

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GO-Biz Offering $70M to California Businesses

The initial round of applications for the California Competes Tax Credit (CCTC) during fiscal year 2018-2019 will open on July 30th, 2018 with more than $70 million in tax credits available.  The CCTC rewards businesses that hire full-time employees and invest in real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property

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GO-Biz to Award $55M+ to California Businesses

The final round of applications for the California Competes Tax Credit (CCTC) during fiscal year 2017-2018 begins on 3/5/18 (M) with more than $55 million in tax credits available.  The CCTC rewards businesses that hire full-time employees and invest in real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property during the next

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