Economic Development Collaborative (EDC) Business Alert — California Competes Tax Credit and Grant Program

CALIFORNIA COMPETES TAX CREDIT & GRANT PROGRAM

Next Application Window Opening in January!

The California Competes Tax Credit (CCTC) and Grant Program (CCGP) are 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. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.

Application Period Timeline: For the remainder of the fiscal year 2021-2022, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

Please refer to the Notice California Competes Tax Credit Fiscal Year 2021-22 for more information.

For additional guidance with the CCTC or the CCGP CLICK HERE.

New to the Program?

EDC SBDC NO-COST CONSULTING:

EDC SBDC Financial Advisor Anthony Elliott can provide guidance with the CCTC and CCGP. Anthony is a Certified Public Accountant, and consults with EDC SBDC small business clients on a broad range of finance, accounting and tax related topics.

California Competes Webinars: Prior to each application period, GO-Biz hosts online webinars about the California Competes program. All businesses are encouraged to participate in the webinars to review the program and receive instructions on how to apply. Below is a list of upcoming webinars:

Have additional questions? Please contact Go-Biz at: 916.322.4051 or email the Go-Biz Service Desk.

Additional Resources

Looking for NO-COST Business Consulting Services?

The EDC SBDC call team and experienced advisors are available to answer questions and help you navigate today’s complex business environment. The Economic Development Collaborative hosts the Small Business Development Center and is funded in part through a cooperative agreement with the U.S. Small Business Administration. Signing up as a client takes just a few minutes and provides you with lifetime access to all of our no-cost services.

Get started today with no-cost consulting by calling our

Business Assistance Line at 805.409.9159.

Resources and advising are available in English and Spanish.

Stay up-to-date on local, state and federal resources related to the pandemic by visiting our COVID-19 Business Resource page regularly CLICK HERE.

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