Five CalChamber Members Creating Jobs with Help from Tax Credit

Five California Chamber of Commerce member companies have been selected by the Governor’s Office of Business and Economic Development (GO-Biz) as recipients of the California Competes Tax Credit.

The California Competes Tax Credit (CCTC) committee recently approved $76 million in tax credits for 63 companies expanding and creating jobs in California.

The awards are projected to create 6,166 jobs and make $490 million worth of new capital equipment investments across California, according to GO-Biz.

CalChamber members being awarded credits in this round include:

  • Affirm, Inc., San Francisco; online financial services;
  • Jukin Media, Inc., Los Angeles; online video marketing services;
  • Psyonix, Inc., San Diego; software development;
  • California Custom Fruits and Flavors, Inc., Irwindale; food product manufacturing;
  • Align Technologies LLC, San Mateo; medical device manufacturing.

In 2013, Governor Brown created the California Competes Tax Credit to focus on helping businesses grow and stay in California. Since 2014, GO-Biz has allocated nearly $700 million to 928 companies projected to create 89,580 new jobs and make $16.2 billion in new investments.

The complete list of approved companies and award amounts is posted at business.ca.gov.

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