APPLY for up to $215M in Tax Credits
Is your business considering expanding outside of the state or in need of assistance relocating or retaining jobs in California over the next five years?
You may be eligible for up to $215 million in Cal Competes Tax Credit from the Governor’s Office of Business and Economic Development (GO-Biz). Applications for this round will be accepted from July 22 to August 12.
GO-Biz bases awards on several factors relative to the State of California, including:
- Number of jobs created or retained
- Anticipated amount of new capital investments
- Overall economic benefit
- Opportunities for future growth and expansion
- The extent to which the tax credit influences the applicant’s decision to relocate jobs from states that have enacted laws that permit discrimination on the basis of sexual orientation, gender identity, or gender expression; or deny or interfere with women’s reproductive rights
For more information on eligibility and assistance, visit the Governor’s Office of Business and Economic Development (GO-Biz) website.
need help applying?
Since 2015, EDC has supported 39 companies in winning $86,371,700 in credits. EDC’s expert team is available at no cost to San Diego companies seeking business growth services, including permitting, site selection, and economic incentives like Cal Competes.
“Creative Electron is very pleased with the support received from CMTC and EDC. We are constantly thinking of our growth goals and how to get there. We believe our people and diversity make us great, and by providing them with the tools to expand their skill set, we are confident we will be able to exceed our ambitious goals.”
–Mariem Ortiz, VP of Operations at Creative Electron, which secured a California Competes Tax Credit of $446,700