The “California Competes” Tax Credit is Now a Possibility for all California Businesses
The California Governor’s Office of Business and Economic Development, or Go-Biz, just completed its first round of accepting applications for the new California Competes Tax Credit. The next round of applications will be accepted following the beginning of the new fiscal year on July 1. The California Competes Tax Credit is a “negotiated credit” that is available to businesses that want to come to California or stay and grow in California, and that promise to create well-paying jobs, with benefits and other perks. There is a two-step application process.