California Competes

The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on fourteen different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.

The agenda for the November 14, 2024 California Competes Tax Credit Committee meeting is now available online hereopens in a new window.  This agenda includes California Competes Tax Credit (CCTC) agreement recommendations for applications received from July 22, 2024 – August 12, 2024.

New to the Program?

We highly recommend looking at the following resources:

1. Frequently Asked Questionsopens in a new window
2. California Competes PowerPointopens in a new window
3. Have additional questions? Please contact us at:
   (916) 322-4051 or

Application Period Timeline

For fiscal year 2024-2025, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

• July 22, 2024 – August 12, 2024
• January 6, 2025 – January 27, 2025
• February 24, 2025 – March 10, 2025

Please refer to the Notice California Competes Tax Credit Fiscal Year 2024-25opens in a new window for more information.

California Competes Webinar Information

Prior to each application period, GO-Biz hosts online webinars about the California Competes 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

All businesses are encouraged to participate in our webinars to receive instructions on how to apply. Below is a list of our upcoming webinars.

Webinar Schedule

A recorded webinar of the California Competes Program is available in the Resources section below.

Resources

• • California Competes Tax Credit Flyeropens in a new window – One page handout for parties interested in the CCTC program.
  • California Competes Tax Credit FAQopens in a new window – Frequently Asked Questions about the California Competes Tax Credit program.
  • California Competes PowerPointopens in a new window – a PowerPoint overview of the California Competes programs.
  • California Competes Webinar (recorded)opens in a new window – A recorded webinar of the California Competes program.
  • Application Guideopens in a new window – Instructions on how to complete each section of the California Competes application.
  • Application Tutorial Videosopens in a new window – 14-video playlist containing detailed instructional videos on how to complete the California Competes applications.
  • Tax Credit Awardee Listopens in a new window – a comprehensive list of every business that has received a California Competes Tax Credit.
  • Grant Awardee Listopens in a new window – a comprehensive list of every business that has received a California Competes Grant.
  • High Unemployment and Poverty Areasopens in a new window – List of every city and county that qualifies as a high unemployment and/or poverty area for the California Competes applications.
  • Taller de inscripción al Programa del Crédito Fiscal California Competesopens in a new window ­– una descripción general del programa California Competes (Powerpoint).
  • Crédito de impuestos California Compite Guía de solicitudopens in a new window – Instrucciones sobre cómo completar cada sección de la solicitud California Competes.
  • California Competes Tax Credit Regulationsopens in a new window – California Code of Regulations for the California Competes Tax Credit program.
  • Franchise Tax Board Compliance Processopens in a new window – PowerPoint overview of the Franchise Tax Board’s books and records review process.
  • Franchise Tax Board Grant Recapture Processopens in a new window – PowerPoint overview of the Franchise Tax Board’s recapture process
  • Publicationsopens in a new window – Access to CCTC Agendas, Minutes, and Fiscal Year Notice.

California Competes Tax Credit Committee Members

The California Competes Tax Credit Committee is comprised of the Director of GO-Biz (Chair), the State Treasurer, the Director of the Department of Finance, and two legislative appointees.

Dee Dee Myers (Chair), Director, Governor’s Office of Business and Economic Development
Fiona Ma, State Treasurer
Joe Stephenshaw, Director, Department of Finance
Todd Walters, Appointee of the Senate Committee on Rules
Madeline Janis, Appointee of the Speaker of the Assembly

References
1. CalCompetes Awardee Listopens in a new window
2. CalCompetes Awardee Listopens in a new window