ABOUT THE California Competes Tax Credit
San Diego businesses: Apply by January 22 for the Cal Competes Tax Credit. Available to companies looking to expand or retain jobs in California over the next five years, applicants may be eligible for up to $164 million in tax credits from the Governor’s Office of Business and Economic Development (GO-Biz).
Awards are based on several factors:
- Number of jobs created or retained in California
- Anticipated amount of new capital investments
- Overall economic benefit to the state
- Opportunities for future growth and expansion
For more information on eligibility and assistance, visit the Governor’s Office of Business and Economic Development (GO-Biz) website.
need help applying?
All businesses are encouraged to watch this GO-Biz’ recorded webinar before beginning the application process.
EDC’s expert team is available to San Diego companies in need of assistance, free of charge.
“Creative Electron is very pleased with the support received from CMTC and EDC. We are constantly thinking of our growth goals and how to get there. We believe our people and diversity make us great, and by providing them with the tools to expand their skill set, we are confident we will be able to exceed our ambitious goals.”
–Mariem Ortiz, VP of Operations at Creative Electron, which secured a California Competes Tax Credit of $446,700.