The next California Competes Tax Credit (CCTC) application period starts Tuesday, January 3, 2023, with $120 million in available tax credits. Businesses interested in applying can register to view a live webinar explaining the application process.
The deadline to submit applications is Monday, January 23, 2023, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed starting January 3, 2023, at www.calcompetes.ca.gov.
Members of the CCTC team are available to provide technical application assistance (CalCompetes@gobiz.ca.gov / 916-322-4051). An application guide, Frequently Asked Questions (FAQs), program regulations, and a downloadable version of the webinar presentation are available here. These documents have been updated to address recent statutory changes to the program.
Complete List of Upcoming Webinars January 4, 2023 Details and Registration January 12, 2023 Details and Registration January 17, 2023 Details and Registration About California Competes
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California and create quality, full-time jobs. 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.
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.