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 January 6 to 27.
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’s expert team has supported 39 companies in winning more than $86 million in Cal Competes Tax Credits. EDC also offers San Diego companies access to services including permitting, site selection, and consulting for economic incentives like Cal Competes—available at no cost.
CONTACT EDC NOW FOR APPLICATION sUpport
Cal Competes applications open January 6 and close January 27, 2025.
“EDC was an integral resource for our redevelopment. They were able to strategically bring key partners together and secure incentives that best positioned us to redevelop our headquarters in the Kearny Mesa area.”
–Anshooman Aga, EVP & CFO, Cubic Corporation, which secured a California Competes Tax Credit of $8 million