$75 Million Available During the First Application Period in the California Competes Tax Credit Program’s Final Year

In the California Competes Tax Credit (CCTC) program’s 2017/2018 fiscal year, the California Governor’s Office of Business and Economic Development (GO-Biz) is authorized to negotiate more than $230 million in tax credits over three application periods. The first application period opens July 24, 2017, offering $75 million.

The CCTC is available to businesses located both inside and outside of California with plans to grow new full-time jobs in the state of California—regardless of size or industry. Specifically, the CCTC is available to businesses:

  • Thinking about expanding, that are currently located in California
  • Planning to start or relocate operations to California
  • Contemplating leaving California

Since 2014, GO-Biz has awarded $555.3 million to 775 companies that are projected to create more than 77,000 new jobs and bring in over $15 billion in new investments.

We're Here to Help

Since the CCTC’s inception in 2014, we’ve represented our clients through its highly competitive application and negotiation process to secure more than $30 million in CCTC awards. With more than $230 million in credits available in the program’s final fiscal year, we encourage you to learn more about the process. Visit our CCTC webpage for more information, or email us at statetax@mossadams.com.