published on June 17, 2016 - 6:09 AM
Written by The Business Journal Staff
Three Central Valley companies plan to invest a combined $3.5 million on expansion projects that will also create 44 new jobs, thanks to a new state tax credit program.

Two Q, Inc., doing business as JP Marketing in Fresno, Airgas Specialty Products, Inc. in Hanford and The TALK Team, Inc. in Fresno are all recipients of a California Competes tax credit administered by the Governor’s Office of Business and Economic Development, or GO-Biz.

All together, 67 Golden State companies were approved for $46.7 million in tax credits in the latest round of California Competes awards.

Two Q, Inc. was awarded a $100,000 tax credit, outlining in its application that the online marketing and advertising firm plans to expand its workforce from 19 to 31 by 2020.

TWO Q also plans to invest $105,800 in furniture and fixtures, software, computer equipment and tenant improvements as part of the program.

Hanford’s Airgas Specialty Products, Inc. was awarded a $70,000 tax credit. The industrial gas manufacturer plans to add 19 new employees over the next several years through an expansion that could cost up to $3.15 million.

The TALK Team, Inc. of Fresno — provider of speech therapy services — plans to add 13 full-time employees in the next several years with a $238,500 investment.

The TALK Team was awarded $75,000 tax credit

“The California Competes tax credit continues to improve California’s business climate by attracting new investments and helping create jobs,” said GO-Biz director and committee chair Panorea Avdis. “California is now the 6th largest economy in the world in part because companies identify the Golden State as a prime target for relocation and expansion.”

In 2013, the California Competes Tax Credit was created by Governor Brown to focus on helping businesses grow and stay in California. This fiscal year, GO-Biz allocated approximately $160 million to 259 companies that are projected to create over 20,000 jobs and make almost $3.2 billion in investments.

Last year Nordstrom was awarded an $11 million tax credit as part of its plans to open an e-commerce distribution center in Fresno or Visalia.

The Seattle-based retailer this week informed local economic development officials those plans could be shelved until 2020.

Related story: Valley Nordstrom project lands $11M tax credit

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