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