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

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CALIFORNIA COMPETES PROGRAM
California Competes Tax Credit Program
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. 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 2022-2023, applications for the California Competes Tax Credit will be accepted during the following periods:
  • July 25, 2022 – August 15, 2022
  • January 3, 2023 – January 23, 2023
  • March 6, 2023 – March 20, 2023
Please refer to the Notice California Competes Tax Credit Fiscal Year 2022-23 for more information.
For additional guidance with the CCTC program CLICK HERE
California Competes Grant Program
The California Competes Grant Program (CCGP) is available to businesses that want to locate or stay and grow in California. A total of $120,000,000 in California Competes Grant funds are available for allocation in the 2022-2023 fiscal year. The maximum grant award is $36 million.
The CCGP is available to businesses of any size that meet at least one of the following criteria:
  • Will create at least 500 new full-time jobs in California
  • Will make capital investments of at least $10 million in facility construction/renovation
  • The Project will take place in an area of High Unemployment and/or Poverty as defined in the California Competes Tax Credit regulations
Application Period Timeline: July 25, 2022 to August 15, 2022
A business may only apply for a California Competes Grant or Tax Credit in any given application period. The business may not apply for both Programs.
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
  • California Competes Tax Credit Flyer – One page handout for parties interested in the CCTC program. CLICK HERE
  • Application Guide – Instructions on how to complete each section of the California Competes application. CLICK HERE
  • Application Tutorial Videos – 14-video playlist containing detailed instructional videos on how to complete the California Competes applications. CLICK HERE
  • High Unemployment and Poverty Areas – List of every city and county that qualifies as a high unemployment and/or poverty area for the California Competes applications. CLICK HERE
  • California Competes Tax Credit Regulations – California Code of Regulations for the California Competes Tax Credit program. CLICK HERE
  • Franchise Tax Board Compliance Process – PowerPoint overview of the Franchise Tax Board’s books and records review process. CLICK HERE
  • Cal Competes Grant Guidelines – Overview of the California Competes Grant Program including eligibility criteria, application requirements and evaluation, and program administration. CLICK HERE
  • California Competes Grant FAQ – Frequently Asked Questions about the California Competes Grant Program. CLICK HERE
  • California Competes Grant Flyer – One page handout for parties interested in the California Competes Grant Program. CLICK HERE
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