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  • Writer's pictureCaroline Winter

Coming Soon: Governor's Office of Business and Economic Development - California Competes Grant

Opportunity Title:

California Competes Grant Program



Description:

The primary goal of the CCGP is to incentivize businesses to choose California and to create quality, full-time jobs in the state. A significant priority for this grant program is to make resources available to businesses for whom a non-refundable tax credit would not provide a significant financial benefit. The CCGP was specifically created for two types of businesses: (1) businesses that continuously reinvest profits, generating either significant research and development tax credits and/or net operating losses resulting in little to no tax liability; and (2) startups with little to no tax liability.



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:

1. July 25, 2022, through August 15, 2022 ($85 million in tax credits available; $120 million in grants available)

2. January 3, 2023, through January 23, 2023 ($120 million in tax credits available)

3. March 6, 2023, through March 20, 2023 ($99.7 million plus any remaining unallocated amounts from the previous application periods)



Application Timeline:

Application Period Opens: July 25, 2022

Application Due: August 15, 2022





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

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