Twelve 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 $69 million in tax credits for 90 companies expanding and creating jobs in California.
The awards are projected to create 6,236 jobs and make $1.2 billion worth of new capital equipment investments across California, according to GO-Biz.
CalChamber members being awarded credits in this round include:
- The Trade Desk, Inc; software development;
- United Parcel Service, Inc; transportation and logistics services;
- Meggitt (San Diego), Inc; aerospace component manufacturing;
- L3 Technologies, Inc; defense contracting;
- Sila Nanotechnologies, Inc; battery manufacturing;
- Phone Ware, Inc; telephone call center;
- ALOM Technologies Corp; supply chain management services;
- Taylor-Dunn Manufacturing Company; electric and conventional vehicle manufacturing;
- Airgas USA LLC; industrial gas supplier;
- TenCate Advanced Composites USA, Inc; polymer materials design and manufacturing;
- Applied Aerospace Structures Corp.; aerospace component manufacturing;
- Synder, Inc; water membrane filtration manufacturing.
Governor Brown created the California Competes Tax Credit in 2013 to focus on helping businesses grow and stay in California. Since 2014, GO-Biz has allocated $622.8 million to 865 companies projected to create 83,414 new jobs and make $15.7 billion in new investments.
The complete list of approved companies and award amounts is posted at business.ca.gov.