GO-Biz Offers California Competes Tax Credit Workshops for Businesses

GO-Biz Offers California Competes Tax Credit Workshops for Businesses

The Governor’s Office of Business and Economic Development (GO-Biz) is conducting free workshops across the state to explain how businesses apply for the California Competes Tax Credit.

According to GO-Biz, the California Competes Tax Credit is an income tax credit available to businesses that want to come to California, or stay and grow in California. Employers must apply for this program and, before awarding any incentives, GO-Biz evaluates each application based on a number of factors, including the number of jobs created, the amount of wages and benefits provided to employees, the duration of the investment, and the overall size of the investment in the state.

The credit is available to both large and small businesses. Twenty-five percent of available credit each year is reserved specifically for small businesses (gross receipts of less than $2 million).

The state will provide $151 million in tax credits this fiscal year to small, medium and large companies across the state. Last fiscal year, GO-Biz awarded $28.9 million to 29 companies that are planning to create 6,000 jobs and invest more than $2 billion in the state.

California Competes Tax Credit workshops are scheduled for the following dates and locations:

Online Webinar, Monday, October 20
Details and Registration

Sacramento: Monday, October 6
New City Hall
915 I St
Council Chambers
Sacramento, CA 95814
Details and Registration

Stockton: Wednesday, October 8
San Joaquin County WorkNet
56 S Lincoln St
Stockton, CA 95203
Details and Registration

Fresno: Wednesday, October 8
Fresno Chamber of Commerce
2331 Fresno Street
Fresno, CA 93721
Details and Registration

Visalia: Thursday, October 9
Lamp Liter Inn Hotel
3300 West Mineral King
Visalia, CA 93291
Details and Registration

San Jose: Thursday, October 9
Thursday October 9, 2014
San Jose City Hall
Council Chambers
200 E. Santa Clara Street
San Jose, CA 95113
Details and Registration

San Diego: Monday, October 13
San Diego City College, Corporate Education Center
1551 C Street
San Diego, CA 92101
Details and Registration

El Centro: Tuesday, October 14
OneStop Office
2695 South 4th St Bldg D
El Centro , CA 92243
Details and Registration

Carson: Wednesday, October 15
Carson Community Center
801 E. Carson St.
Room 107
Carson, CA 90745
Details and Registration

Fontana: Wednesday, October 15
8353 Sierra Ave
Council Chambers
Fontana, CA 92335
Details and Registration

Palmdale: Thursday, October 16
Thursday Oct 16, 2014
Palmdale Chimbole Cultural Center
38350 Sierra Hwy
Palmdale, CA 93550
Details and Registration

For more information about the California Competes tax credit visit the GO-Biz website here.

Source: California Chamber

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