California Competes Tax Credit (CCTC)
On March 9, the Governor’s Office of Business and Economic Development (GO-Biz) will be accepting applications for the California Competes Tax Credit (CCTC). There are over $70 million in tax credits available during this application period for businesses that are expanding and adding full-time jobs in the state. The deadline to submit applications is Monday, March 30, at 11:59 p.m. (Pacific Time) and the online application website will automatically close one this deadline has passed. The online application can be accessed at www.calcompetes.ca.gov.
Members of the CCTC team are available to provide technical application assistance. In addition, an updated application guide, Frequently Asked Questions (FAQs), and program regulations are available at www.business.ca.gov/CalCompetes.aspx. For applicants that are reapplying, the FAQs include instructions on how to copy information from a previously submitted application.
Businesses interested in learning more about the CCTC can participate in free application webinars. Click here for the schedule and registration information.
GO-Biz will also be hosting a workshop for Los Angeles area businesses on March 18th in Culver City from 9-10:30am. Click here to register.
If you have any questions regarding the CCTC program or application process, please call (916) 322-4051 or email CalCompetes@gobiz.ca.gov.
About the California Governor’s Office of Business and Economic Development (GO-Biz)
The Governor’s Office of Business and Economic Development (GO-Biz) serves as the State of California’s leader for job growth and economic development efforts. GO-Biz offers a range of services to business owners including: attraction, retention, and expansion services, site selection, permit streamlining, regulatory guidance, small business assistance, international trade development, assistance with state government, and much more for more information visit: www.business.ca.gov.