Up to $85 million in tax credits from the Governor’s Office of Business and Economic Development (GO-Biz).
Is your business growing in the state of California or at risk of moving out of state?
The Governor’s office of Business and Economic Development (GO-BiZ) has 85 million dollars in Tax Credits available. The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year.
Awards are primarily based on the following factors, including:
• Number of jobs created or retained.
• Anticipated amount of new capital investments
• Overall economic benefit to the state
• Opportunities for future growth and expansion
For more information on eligibility please visit the Governor’s Office of Business and Economic Development (GO-Biz) website by following link below: https://business.ca.gov/california-competes-tax-credit/