California Competes Tax Credit
Administered by Governor's Office of Business and Economic Development
About this grant
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to come to California, stay in California, or grow in California.
Key facts
Eligibility requirements
All of the following criteria must be met:
- Must create new full-time jobs in California
- Open to businesses of all sizes and industries
- Must demonstrate California is being considered against other states or countries
- Five-year compliance period for job creation targets
What the funding covers
- Income tax credit against California state taxes
- Credit amount negotiated based on jobs and investment
- Multi-year credit allocation
- Transferable to successor businesses
How to apply
- 1Submit online application during open application period
- 2Include hiring plan, investment projections, and economic analysis
- 3Reviewed by CalCompetes committee
- 4Negotiation of tax credit agreement terms
Application tips
Grant details are sourced from official public databases and reviewed weekly. Eligibility criteria, funding amounts, and deadlines may change without notice. Always confirm details on the Governor's Office of Business and Economic Development website before applying.
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