Enacted in 2013, the California Competes Tax Credit (CCTC) is an income tax credit administered by the Governor’s Office of Business and Economic Development (GO-Biz). Since 2014, GO-Biz has negotiated and granted almost $900 million in CCTC awards to over 1,000 California businesses. These businesses are projected to create more than 99,000 California jobs and $19 billion in capital investments in the state.
The next round of the 2019/20 fiscal year opens on January 6, 2020 and closes on January 27, 2020. $75 million will be available.
Led by Alex Tran, our team of CCTC experts have represented more than 45 businesses to over $40 million in CCTC awards.
With awards ranging from $90,000 to $8 million, these awards have helped businesses in manufacturing, tech, R&D, apparel, engineering, life-sciences, software, green energy, food, e-commerce and many others. With all that said, we at CALincentives are most honored to say that our CCTC experience has provided the financial backbone to grow approximately 6,200 California jobs and more than $550 million in investments.
Combining our deep CCTC technical knowledge, experience and state income tax backgrounds—we believe we have a one-of-a-kind approach to helping our clients grow California jobs and investments through the California Competes Tax Credit.