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GO-Biz to Award $120M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) with over $120M in tax credits available.  The CCTC rewards businesses of all sizes that (1) hire full-time employees and (2) purchase or lease real (land, buildings, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.)

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GO-Biz to Award $205M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) and California Competes Grant Program (CCGP).  This is the initial application round for fiscal year 2022-2023 with $85M of CCTC and $120M of CCGP available to business taxpayers.  The CCTC is a state income tax credit rewarding businesses

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GO-Biz to Award $104.7M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  This is the final application round for fiscal year 2021-2022 with $104.7M (plus any previously unallocated amounts) available.  The CCTC is a state income tax credit rewarding businesses that project the following over the next 5 years: Creating

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GO-Biz to Award $260M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is still accepting applications for the California Competes Tax Credit (CCTC) and California Competes Grant Program (CCGP).  GO-Biz will be awarding $140 million of CCTC and is offering $120 million of cash grants under the CCGP.  These programs reward businesses creating quality, full-time jobs and investing in real or personal

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Main Street Small Business Tax Credit II Closing Soon

There is still time to claim the Main Street Small Business Tax Credit II.  This is a credit that can offset both income and payroll tax (after making the proper election) and is $1,000 for each net increase in qualified employees, measured by comparing the average monthly full-time employee equivalents in 2020 with 2021.  The amount of unclaimed credit

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GO-Biz to Award $150M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  This is the first application round for fiscal year 2021-2022 with $150M available.  The CCTC is a state income tax credit that rewards businesses which project the following over the next 5 years: Creating full-time jobs Purchasing

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GO-Biz to Award $80M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) with over $80M in tax credits available.  The CCTC rewards businesses that hire full-time employees and purchase or lease real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property

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Final Application Round of California Competes Tax Credit Opens

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) with over $73M in tax credits available.  The CCTC rewards businesses of all sizes that (1) hire full-time employees and (2) purchase or lease real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.)

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GO-Biz to Award $75M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC) with over $75M in tax credits available.  The CCTC rewards businesses that hire full-time employees and purchase or lease real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property over the next 5 years. 

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GO-Biz to Award $236.8M to California Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  GO-Biz will be allocating $236,808,527 of CCTC in  fiscal year 2019-2020 during three application rounds: July 29, 2019 through August 19, 2019 January 6, 2020 through January 27, 2020 March 9, 2020 through March 30,

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