Nine 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 $62.8 million in tax credits for 87 companies expanding and creating jobs in California.
The awards will help these companies create a projected 6,400 jobs and generate more than $892 million in total investment across California, according to GO-Biz.
CalChamber members being awarded credits in this round include:
- Prolacta Bioscience, Inc; biological product manufacturing
- Clark Pacific; precast concrete products manufacturing
- ZipRecruiter; online employment services
- Actagro LLC; fertilizer manufacture
- Columbus Manufacturing, Inc; meat products processing
- Golden State Lumbar, Inc; lumber sales and distribution
- Cliniqa Corporation; in-vitro diagnostic substance manufacturing
- Solatube International, Inc; lighting manufacturing
- Gemini Duplication, Inc; data processing, hosting, and related services
In 2013, the California Competes Tax Credit was created by Governor Brown to focus on helping businesses grow and stay in California. This fiscal year, GO-Biz allocated over $200 million in total tax credits. Since 2014, GO-Biz has allocated $555.3 million to 775 companies projected to create 77,178 new jobs and make $14.5 billion in new investments.
The complete list of approved companies and award amounts is posted at business.ca.gov.