Written by The Business Journal Staff
GO-Biz awarded a total of $243.3 million in tax credits for fiscal 2016, and the next application period starts Jan. 2, 2017 with $100 million in tax credits available.
Past local businesses winning a California Competes Tax Credit include JP Marketing ($100,000), Betts Co. ($240,000), BCT Consulting ($85,000), Carter & Co. Communications ($250,000) and Advanced Metal Works ($120,000).
Workshops will be held in the following locations:
A series of webinars are also being held from Nov. 30 through Jan. 18, 2017. For more information, visit http://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit
The credit is open to any business planning to create new full-time jobs in the state, regardless of size or location. Since 2014, a total of $340 million has been rewarded to 500 companies projected to create more than 55,000 jobs and make $12.9 billion in investments.
“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.”
The deadline to submit applications is Jan. 23, 2017, at 11:59 p.m., and the online application website will automatically close once this deadline has passed. The online application can be accessed starting Jan. 2, 2017 at www.calcompetes.ca.gov.