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GO-Biz opens application period for CalCompetes Tax Credits

Post Date:02/25/2020 12:32 PM

The next California Competes Tax Credit (CCTC) application period starts Monday, March 9, 2020, with at least $73 million in available tax credits.  Businesses interested in applying can register to view a live webinar explaining the application process.
 
The deadline to submit applications is Monday, March 30, 2020, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed.  The online application can be accessed starting March 9, 2020, at www.calcompetes.ca.gov.  
 
Members of the CCTC team are available to provide technical application assistance (CalCompetes@gobiz.ca.gov / 916-322-4051).  An application guide, Frequently Asked Questions (FAQs), program regulations, and a downloadable version of the webinar presentation are available here.  These documents have been updated to address recent statutory changes to the program. 

Interested businesses located in the City of Torrance can contact the Office of Economic Development with any questions about this program at EconomicDevelopment@TorranceCA.Gov.
                                   
Complete List of Upcoming Webinars

March 11, 2020
Details and Registration
 
March 19, 2020
Details and Registration
 
March 24, 2020
Details and Registration

In addition to the webinars, GO-Biz will also be hosting a workshop for Los Angeles area businesses on March 18, 2020 in City Hall in Culver City from 9 to 10:30 a.m. Click to here for more information and to register.

About California Competes

The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules.

About the California Governor’s Office of Business and Economic Development 
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.

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