CA GO-Biz California Competes Tax Credit (CCTC) – Due 01/22; Webinars 01/03 and 01/11

Opportunity Title:

California Competes Tax Credit (CCTC)

Funder/Agency:

Governor’s Office of Business and Economic Development (GO-Biz)

Description:

The CCTC is an income tax credit available to businesses that want to locate in or stay and grow in California and create quality, full-time jobs in the state that might not otherwise be created by the business or any other business.  Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created "California Competes Tax Credit Committee," consisting of the State Treasurer, the Director of the Department of Finance, The Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules. 

Members of the California Competes team are available to provide technical application assistance.  In addition, an updated application guide, Frequently Asked Questions (FAQs), a recorded webinar, and program regulations are available here.  For applicants that are reapplying for the credit, the FAQs include instructions on how to copy information from a previously submitted application. 

Businesses interested in learning more about California Competes can participate in free application webinars:

January 3, 2024: Register Here

January 11, 2024: Register Here

Eligibility:

Any business can apply for the California Competes Tax Credit. The credit is available statewide to all industries. However, while there are no geographic or sector-specific restrictions, the purpose of the California Competes Tax Credit is to attract and retain high-value employers in California in industries with high economic multipliers and that provide their employees good wages and benefits.

Award Details:

Total Amount Available:

$164,000,000

Minimum Award:

$20,000

Deadline:

January 22, 2024

Opportunity Link

Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.