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Coming Soon: CA GO-Biz California Competes Tax Credit (CCTC) - Anticipated Release 07/22; Webinars 07/24 & 08/01; Due 08/12

Opportunity Title:

CalCompetes Fiscal Year 2024-25 Notice Announcement

 

Funder/Agency:

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

 

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.


Webinar:

Prior to each application period, GO-Biz hosts online webinars about the California Competes program. Each webinar consists of a 45-minute presentation, followed by a question and answer session. Each presentation includes the following:

  • Overview of the program

  • Program goals and evaluation criteria

  • Step-by-step instructions through the application process


All businesses are encouraged to participate in our webinars to receive instructions on how to apply. Below is a list of our upcoming webinars:


July 24, 2024 9:30am – 10:30am PDT


August 1, 2024 3:00pm – 4:00pm PDT


Eligibility:

Businesses of any size in California or who want to relocate to California

 

Award Details:

Total Amount Available:

$644,756,695


FY 2024 (August 12, 2024)

$215,000,000 in tax credits available


FY 2025 (January 27, 2025)

$215,000,000 in tax credits available


FY 2025 (March 10, 2025)

$214,700,000 in tax credits available plus any unallocated remaining amounts


Application Periods:

1. July 22, 2024, through August 12, 2024

2. January 6, 2025, through January 27, 2025

3. February 24, 2025, through March 10, 2025

 

  


 

We're Moving to LinkedIn!


We're excited to announce that starting next week (July 15), all GMA opportunity announcements will be migrating to our company LinkedIn page. This move allows us to connect on a platform specifically designed for professional networking and community discussions. 


Follow us on LinkedIn to keep up with the latest opportunities. Keep an eye out for the official announcement post for more information on this migration.



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

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