The next application period for the California Competes Tax Credit (CCTC) program is opening on January 2, 2024 and will close on January 22, 2024.
The CCTC is a tax credit program, run by the Governor’s Office of Business and Economic Development (GO-Biz), that grants tax credits to businesses that want to locate in California or stay and grow in the state.
Interested businesses need to apply through the California Competes website, https://business.ca.gov/california-competes-tax-credit/, and may do so only during an open application period.
For the remainder of the 2023–2024 fiscal year, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
- January 2, 2024 – January 22, 2024
- March 4, 2024 – March 18, 2024
Applicants will be evaluated on 12 factors, including:
- Number of jobs created or retained;
- Amount of investment;
- Overall economic benefit to the state;
- Opportunities for future growth and expansion.
An application guide, Frequently Asked Questions (FAQs), program regulations, and a downloadable version of the webinar presentation are available here.
Informative Webinar Available
For each application period, GO-Biz hosts online webinars about the CCTC program. Each webinar consists of a 45-minute presentation, followed by a question-and-answer session. Each presentation includes the following:
- Overview of the program.
- Program goals and evaluation criteria.
- Step-by-step instructions through the application process.
Businesses are encouraged to participate in the webinars to receive instructions on how to apply. Below is a list of the upcoming webinars:
- January 3, 2024, 2023: 9:30am PDT
Details and Registration - January 11, 2024: 3:00pm PDT
Details and Registration
To apply for this tax credit, visit https://business.ca.gov/california-competes-tax-credit/.
