Opportunity Title:
California Competes Grant Program (CCGP)
Description:
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on fourteen different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
Eligibility:
“Applicant” means any taxpayer, including, but not limited to, an individual, corporation, or partnership that is a person or entity legally authorized to do business in California prior to the execution of an agreement.
Total Amount Available:
$120,000,000
Maximum Award:
$36,000,000
Minimum Award:
$5,000,000
Application Deadline:
August 14, 2023
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