About California Competes
The California Competes tax credit is part of the Governor’s Economic Development Initiative (GEDI) which Governor Brown signed legislation to enact in 2013 (AB 93 and SB 90). GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Companies are exempted from paying state income taxes in the amount awarded.
The California Competes Tax Credit was created by Governor Brown and is focused on helping businesses grow and stay in California. In the 2014-15 fiscal year, GO-Biz allocated approximately $150 million to 212 companies that are projected to create over 29,400 jobs and make over $7.1 billion in investments.
Companies interested in applying for California Competes tax credits can apply during the next application round which begins July 20.
Applicants complete a free, user friendly application available on-line at www.calcompetes.ca.gov. Applicants can access an application guide, FAQs, schedule of application periods, and other technical assistance documents here.
Workshops for CA Competes in LA County
The Governor’s Office of Business and Economic Development (GO-Biz) today announced that it is holding a series of California Competes Tax Credit technical assistance workshops throughout the state.
Listed below are the LA County workshop locations as well as location links with more details.
Vernon, CA
Monday July 27, 2015
Details and Registration
Lancaster, CA
Tuesday July 28, 2015
Details and Registration
Torrance, CA
Wednesday July 29, 2015
Details and Registration
Just Added – New Workshop Location
Industry, CA
Tuesday, August 4, 2015
Details and Registration
Online Webinar
If you cannot make an area workshop – there will also be an online webinar available. Please click here for the details.
The post California Competes Tax Credit Workshops in LA County appeared first on Los Angeles County Economic Development Corporation.
