Applications will be accepted for the California Competes Tax Credit program during its next funding period, which will be open from Jan. 2–23, 2017. This is the second application period for the program this fiscal year, offering $100 million. Twenty-five percent of these funds are reserved for small businesses with gross receipts of less than $2 million.
Applications are evaluated based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Applications are accepted online through a free and interactive website at www.calcompetes.ca.gov
GO-Biz is authorized to award $200 million in each fiscal year 2015-16 through 2017-18 in tax credits.
For more information please email CalCompetes@gov.ca.gov
or call (916) 322-4051.
Information on Go-Biz
GO-Biz serves as California’s office for economic development and offers a range of services to business owners. Those services include attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, important informational briefings and much more.