The California Governor’s Office of Business and Economic Development (GO-Biz) is authorized to allocate approximately $74.7 million, plus any unallocated amounts from previous application periods, in California Competes Tax Credits (CCTC) for the program’s next application period. Applications for the CCTC are now being accepted online through March 25, 2019.
The CCTC is available to businesses, regardless of size or industry, planning to add full-time jobs in California that meet any of the following criteria:
- California-based companies considering expansion
- Out-of-state companies planning to start a business in California
- Out-of-state companies planning to relocate operations to California
- Companies contemplating leaving California
As of November 2018, GO-Biz has allocated $829 million to 974 companies projected to create 95,139 new jobs and make $17.9 billion in new investments.
We’re Here to Help
Since the CCTC’s inception in 2014, we’ve represented our clients to more than $40 million in CCTC awards by leading them through the program’s highly competitive application process. During this time, we learned certain characteristics generally tend to identify a potentially successful application. Visit our CCTC webpage for more information, or email us at email@example.com.