The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC). There are at least $215 million in tax credits available during this application period for businesses that are expanding and adding quality, full-time jobs in California that might not otherwise be created by the business or any other business. The deadline to submit applications is Monday, August 12, at 11:59 p.m. PST and the online application website will automatically close once this deadline has passed. The online application can be accessed at www.calcompetes.ca.gov.
An updated application guide, Frequently Asked Questions (FAQs), a recorded webinar, and program regulations are available at www.business.ca.gov/calcompetes.aspx.
Businesses interested in learning more about California Competes can participate in free application webinars. The next webinar is:
August 1, 2024 | 3:00-4:00pm
Details and Registration
We encourage businesses to apply for this valuable state tax credit. For more information and questions please contact Linden Johnson at linden.johnson@laedc.org.