Michael Shaw

GO-Biz hosts workshops for businesses applying for $100 million in tax credits

By Michael Shaw, VP, Government Relations

Capitol Update, Nov. 17, 2016 Share this on FacebookTweet thisEmail this to a friend

The Governor’s Office of Business and Economic Development (GO-Biz) this week announced a series of workshops across California designed to help businesses apply for the California Competes Tax Credit (CCTC). You can find the list of workshop dates and locations running through December 20 here.

“The California Competes tax credit has encouraged hundreds of companies to expand in California and add valuable jobs in the state,” said GO-Biz deputy director Kristen Kane. “Our continued goal for these workshops is to reach new businesses in diverse communities that would benefit from more state resources.”

GO-Biz is awarding a total of $243.3 million in tax credits in fiscal year 2016-17. The next CCTC application period starts January 2, 2017, with $100 million in tax credits available. Businesses interested in applying can register to attend any of the workshops and receive valuable information from GO-Biz staff. Following this announcement is a complete list of workshops with registration links.

This program is open to any business planning to create new full-time jobs in the state, regardless of size or location. Since 2014, GO-Biz has awarded $340 Million to 500 companies projected to create over 55,000 jobs and make $12.9 billion in investments.

The deadline to submit applications is January 23, 2017, 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 January 2, 2017 at www.calcompetes.ca.gov.

Members of the CCTC team are available to provide technical application assistance. An application guide, Frequently Asked Questions (FAQs), program regulations, and a video explaining how to create an account are available here.

 

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