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California Competes Tax Credit

Tax Credits to USA Businesses
to Encourage Relocation to California

Agency Type:

State

Funding Source:

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California Governor’s Office of Business and Economic Development (GO-Biz)

Conf. Date:

03/18/21

Deadline Date:

03/29/21

Description:

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Income tax credits to USA businesses to encourage business expansion and relocation to California. The purpose of this program is to support employment and economic development in the State of California. This program is open to businesses of any size that want to stay and grow in California or move to California.

The credit is available statewide to all industries. However, while there are no geographic or sector-specific restrictions, the purpose of the California Competes Tax Credit is to attract and retain high-value employers in California in industries with high economic multipliers and that provide their employees good wages and benefits.

GO-Biz is required by statute to consider the extent to which the credit will influence the business’s ability, willingness, or both, to create jobs in this state that might not otherwise be created in the state by the taxpayer or any other taxpayer. 

Award of the credit will be based on the following factors:

  • The number of jobs the business will create or retain in this state.
  • The compensation paid or proposed to be paid by the business to its employees, including wages, benefits, and fringe benefits.
  • The amount of investment in this state by the business.
  • The extent of unemployment or poverty where the business is located.
  • The incentives available to the business in this state, including incentives from the state, local government, and other entities.
  • The incentives available to the business in other states.
  • The duration of the business’ proposed project and the duration the business commits to remain in this state.
  • The overall economic impact in this state of the applicant’s project or business.
  • The strategic importance of the business to the state, region, or locality.
  • The opportunity for future growth and expansion in this state by the business.
  • The training opportunities provided to employees
  • The extent to which the anticipated benefit to the state exceeds the projected benefit to the business from the tax credit.
  • The extent to which the credit will influence the applicant’s ability, willingness, or both, to create new full-time jobs in this state that might not otherwise be created in the state by the applicant or any other business in California.

GrantWatch ID#:

GrantWatch ID#: 180343

Estimated Total Program Funding:

$231,135,999

Estimated Size of Grant:

Businesses compete for over $180 million available in tax credits. The minimum amount a business can request is $20,000.

A total of $231,135,999 in California Competes Tax Credit is available for allocation in the 2020-2021 fiscal year.
1. July 27, 2020, through August 17, 2020 - $80 million available
2. January 4, 2021, through January 25, 2021 - $80 million available
3. March 8, 2021, through March 29, 2021 - $71.1 million plus any remaining unallocated amounts from the previous application periods)

Additional Eligibility Criteria:

Businesses of any industry, size, or location may apply.

Pre-proposal Conference:

Prior to each application period, GO-Biz hosts online webinars about the California Competes Tax Credit 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 webinars to receive instructions on how to apply. Below is a list of upcoming webinars.

Webinar Schedule:
- January 6, 2021, 9:30 – 10:30 a.m. PST - Details and Registration at https://zoom.us/webinar/register/WN_Olwjxu15SuylFBwqscGLXw
- January 14, 2021 4:00 – 5:00 p.m. PST - Details and Registration at https://zoom.us/webinar/register/WN_Sd4BeoB8Q3-zJRKEm_e2oA
- January 19, 2021 11:00 a.m. – 12:00 p.m. PST - Details and Registration at https://zoom.us/webinar/register/WN_QSKbo9YCS92gnmnZN0995A
- March 10, 2021 9:30-10:30 a.m. PST - Details and Registration at
https://zoom.us/webinar/register/WN_HRNL7TZzRZmyJhq0E6L2pA
- March 18, 2021 4:00-5:00 p.m. PDT - Details and Registration at
https://zoom.us/webinar/register/WN_0UfQoyDYSoK49yaUcdJ-2A
- March 23, 2021 11:00 a.m. – 12:00 p.m. PDT - Details and Registration:
https://zoom.us/webinar/register/WN_zjzfPjuCTl2e0Cvyeuzubg

Pre-Application Information:

For fiscal year 2019-2020, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
- July 27, 2020 – August 17, 2020
- January 4, 2021 – January 25, 2021
- March 8, 2021 – March 29, 2021

The California Competes Tax Credit Committee meetings will be held on the following dates:
1. November 5, 2020
2. April 22, 2021
3. June 17, 2021

The process takes approximately 90 days which includes the period when applications will be reviewed and presented to the California Competes Tax Credit Committee for approval.

Application tutorial videos: https://www.youtube.com/playlist?list=PLHQ5ajdTKjIg8_5NiIxPqfZydW47qb6t-

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Application: https://www.calcompetes.ca.gov/Login.aspx?ReturnUrl=%2f

If any additional assistance is needed, please email CalCompetes@gobiz.ca.gov or call 916-322-4051.

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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