The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California.  It is made available through the Governor’s Office of Business and Economic Development.  (GO-Biz).

Application Periods

July 25, 2016 – August 22, 2016 – $75 million available

January 2, 2017 to January 23, 2017 – $100 million available

March 6, 2017 to March 27, 2017 – $68.3 million available plus any remaining unallocated amount

About the Credit

25% reserved for small businesses

Non-refundable

Online application

No fee to apply

Evaluation Factors

Number of jobs created or retained

Strategic importance to the state, region, or locality

Amount of investment

Incentives available from the state, local government, & other states & sources

Opportunity for future growth & expansion

Compensation paid to employees, including wages & fringe benefits

Extent of unemployment & poverty in current or proposed site location

Economic impact

Duration of the proposed project & duration of applicant’s commitment to remain in California

Extent to which the benefit to California exeeds that of the applicant

Contact

calcompetes@gov.ca.gov

Phone # (916) 322-4051

www.business.ca.gov

Instructions/FAQs:  www.business.ca.gov/calcompetes.aspx

Apply Here:  www.calcompetes.ca.gov