Four CalChamber Members Creating Jobs with Help from Tax Credit

Four 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 a Competes Tax Credit (CCTC) committee recently approved $57 million in tax credits for 29 companies expanding and creating jobs in California.

The awards are projected to create 3,105 jobs and make $336 million worth of new capital equipment investments across California.

CalChamber members being awarded credits in this round include:

  • California Natural Products, Lathrop; nutrition and health food manufacturing;
  • Chawk Technology Intl., Inc., Hayward; plastic component manufacturing;
  • Ontic Engineering and Manufacturing, Inc., Los Angeles; aerospace component manufacturing;
  • S&E Gourmet Cuts, Inc., San Bernardino; food 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 $759 million to 957 companies projected to create 93,109 new jobs and make $17.4 billion in new investments.

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

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