Description:
The California Competes Tax Credit (CCTC) and Grant Program (CCGP) are 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 twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
Eligibility:
"Available to any business that meets at least one of the following criteria:
Will create at least 500 new full-time jobs in California
Will make capital investments of at least $10 million
The Project will take place in an area of High Unemployment and/or Poverty according to tax credit regulations
Award Details:
(Tax Credit)
Available Amount: >$180M
Maximum Award: $78.9M
Minimum Award: $20K
(Grant Award)
Available Amount: $120M
Maximum Award: $36M
Minimum Award: $5M
Submission Details:
For fiscal year 2021-2022, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
January 3, 2022 – January 24, 2022
March 7, 2022 – March 28, 2022
Webinar Schedule:
January 5, 2022 9:30 am-10:30 am PST
January 13, 2022 4:00 pm-5:00 pm PST
January 18, 2022 11:00 am-12:00 pm PST
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.