State
California Governor’s Office of Business and Economic Development (GO-Biz)
03/18/21
03/29/21
Income tax credits to USA businesses to encourage business expansion and relocation to California. The purpose of this program is to support employment and economic development in the State of California. This program is open to businesses of any size that want to stay and grow in California or move to California.
The credit is available statewide to all industries. However, while there are no geographic or sector-specific restrictions, the purpose of the California Competes Tax Credit is to attract and retain high-value employers in California in industries with high economic multipliers and that provide their employees good wages and benefits.
GO-Biz is required by statute to consider the extent to which the credit will influence the business’s ability, willingness, or both, to create jobs in this state that might not otherwise be created in the state by the taxpayer or any other taxpayer.
Award of the credit will be based on the following factors:
GrantWatch ID#: 180343
$231,135,999
Businesses compete for over $180 million available in tax credits. The minimum amount a business can request is $20,000.
A total of $231,135,999 in California Competes Tax Credit is available for allocation in the 2020-2021 fiscal year.
1. July 27, 2020, through August 17, 2020 - $80 million available
2. January 4, 2021, through January 25, 2021 - $80 million available
3. March 8, 2021, through March 29, 2021 - $71.1 million plus any remaining unallocated amounts from the previous application periods)
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Application: https://www.calcompetes.ca.gov/Login.aspx?ReturnUrl=%2f
If any additional assistance is needed, please email CalCompetes@gobiz.ca.gov or call 916-322-4051.
High Unemployment and Poverty Areas: https://static.business.ca.gov/wp-content/uploads/2020/01/High-PU-Fiscal-Year-2019-2020-P3-List_.pdf
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
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