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Govenor's California Competes Tax Credit Program is now accepting applications

March 26, 2014

The California Competes Tax Credit, an economic incentive that is part of the Governor's Economic Development Initiative, is now accepting applications for its first round through Monday, April 14, 2014.

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

California Competes  will be allocating $30 million for fiscal year 2013/2014 and it will increase next fiscal year to $150 million, and then finally $200 million for 2015/2016 through 2017/2018. 

 

 

Frequently Asked Questions about the CCTC 

Related post: $30 million up for grabs


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