The Governor’s office of Business and Economic Development (Go-BIZ) has announced that it will be accepting applications for the next round of CA Competes Tax Credits beginning March 6, 2017.
Approximately $70M in tax credits will be available statewide for this upcoming round.
CA Competes is a State sponsored flexible tax credit program intended to promote job creation, business attraction, retention and expansion efforts in California.
CA Competes incentivizes businesses planning to move to CA; or expand existing business operations in the State.
The program affords a unique opportunity for businesses in the San Diego region to capture valuable tax credits that can be leveraged against their State business income tax liability.
Since 2014, approximately 90 companies in the San Diego region have successfully secured tax credits through this program.
These captured credits have provided these companies a direct cost savings that have translated into further business investments in the form of equipment and facility upgrades, new jobs, and higher employee wages.
Don’t delay !
The online application process will close March 27th.
For more information regarding CA Competes program, the online application process, or the GO-Biz office, please access the following link
If you are interested in applying for this upcoming round of CA Competes tax credits, or would like more information regarding the program, please feel free to contact their office:
City of San Diego Economic Development Department
Civic Center Plaza
1200 3rd Avenue, suite 1400
San Diego, CA 92101