What is the California Competes Tax Credit?
The California Competes Tax Credit is an income tax credit for businesses looking to grow and expand in California. The purpose of the California Competes Tax Credit is to attract and retain high-value employers in California in industries with high economic multipliers and that provide their employees good wages and benefits.
The credit is available statewide to businesses of any size and industry.
There is no fee to apply.
Entire process (from evaluation to award) is approximately 90 days.
For more information on upcoming application periods, amount of credit available, and program process, please visit: http://business.ca.gov/Programs/CaliforniaCompetesTaxCredit
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