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omb -- GO-Biz to Host Series of Workshops for Businesses Applying for Tax Credits
Posted: 01 Dec 2015 15:08:03
If you are a business planning to create new full-time jobs in CA, regardless of size or location, this program is open to you. FOR IMMEDIATE RELEASE Monday, November 23, 2015 Brook.Taylor@gov.ca.gov (916) 322-0667 GO-Biz to Host Series of Workshops for California Businesses Interested in Applying for $75 Million in Tax Credits Sacramento, Calif. - The Governor's Office of Business and Economic Development (GO-Biz) today announced a series of 15 workshops across California designed to help businesses apply for the California Competes Tax Credit (CCTC). "The California Competes tax credit has encouraged hundreds of companies to expand in California and add valuable jobs in the state," said GO-Biz chief deputy director Will Koch. "The on-line application is simple to navigate and the GO-Biz staff works directly with applicants to make the process as easy as possible." This program is open to any business planning to create new full-time jobs in the state, regardless of size or location. Since 2014, GO-Biz has awarded $223 Million to 330 companies projected to create over 42,000 jobs and make $9.6 billion in investments. GO-Biz will award a total of $200 million in tax credits in fiscal year 2015-16. The next CCTC application period starts January 4, 2016, with $75 million in tax credits available. Businesses interested in applying can register to attend any of the workshops and receive valuable information from GO-Biz staff. Santa Clarita, CA Tuesday December 1, 2015 Details and Registration Rialto, CA Wednesday December 2, 2015 Details and Registration Lakewood, CA Wednesday December 2, 2015 Details and Registration Long Beach, CA Thursday December 3, 2015 Details and Registration Eureka, CA Monday December 7, 2015 Details and Registration Marin, CA Tuesday December 8, 2015 Details and Registration Apple Valley, CA Tuesday December 8, 2015 Details and Registration Napa, CA Tuesday December 8, 2015 Details and Registration South San Francisco, CA Wednesday December 9, 2015 Details and Registration Milpitas, CA Wednesday December 9, 2015 Details and Registration Manteca, CA Thursday December 10, 2015 Details and Registration Madera, CA Thursday December 10, 2015 Details and Registration Ridgecrest, CA Friday December 11, 2015 Details and Registration Riverside, CA Friday December, 2015 Details and Registration (tbd) Online Webinars January, 2016 Details and Registration (tbd) Members of the CCTC team are available to provide technical application assistance. An application guide, Frequently Asked Questions (FAQs), program regulations, and a video explaining how to create an account are available here. The deadline to submit applications is January 25, 2016, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed starting January 4, 2016 at www.calcompetes.ca.gov. About California Competes The CCTC is part of the Governor's Economic Development Initiative (GEDI) which Governor Brown signed legislation to enact in 2013 (AB 93 and SB 90). GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Companies are exempted from paying state income taxes in the amount awarded. About GO-Biz The Governor's Office of Business and Economic Development (GO-Biz) serves as California's single point of contact for economic development and job creation efforts. GO-Biz offers a range of services to business owners including: attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, and much more. For more information visit: www.business.ca.gov. If you have any questions regarding the CCTC or application process, please contact our office at (916) 322-4051 or send an email to CalCompetes@gov.ca.gov. If you would like to receive information about other GO-Biz programs, press releases, newsletters, and events please click here to register. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips.
