Opportunity Title:
CalCompetes Fiscal Year 2024-25 Notice Announcement
Funder/Agency:
California Governor's Office of Business and Economic Development (GO-Biz)
Description:
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 fourteen different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
Webinar:
Prior to each application period, GO-Biz hosts online webinars about the California Competes program. Each webinar consists of a 45-minute presentation, followed by a question and answer session. Each presentation includes the following:
Overview of the program
Program goals and evaluation criteria
Step-by-step instructions through the application process
All businesses are encouraged to participate in our webinars to receive instructions on how to apply. Below is a list of our upcoming webinars:
July 24, 2024 9:30am – 10:30am PDT
August 1, 2024 3:00pm – 4:00pm PDT
Eligibility:
Businesses of any size in California or who want to relocate to California
Award Details:
Total Amount Available:
$644,756,695
FY 2024 (August 12, 2024)
$215,000,000 in tax credits available
FY 2025 (January 27, 2025)
$215,000,000 in tax credits available
FY 2025 (March 10, 2025)
$214,700,000 in tax credits available plus any unallocated remaining amounts
Application Periods:
1. July 22, 2024, through August 12, 2024
2. January 6, 2025, through January 27, 2025
3. February 24, 2025, through March 10, 2025
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