$200 million in tax credits available for businesses that want to expand and relocate to California, does your Humboldt business qualify?

Topic: California Competes Tax Credit Workshop

Location: Eureka City Hall, Council Chambers
Date/Time: December 7^th from 9:30am to 11:00am

The Governor’s Office of Business and Economic Development (GO-Biz) is hosting a free workshop in Eureka on December 7^th regarding the “California Competes Tax Credit.”  Small, medium, and large businesses are encouraged to attend the workshop and receive information and instructions on how to apply for this tax credit program.  In order to complete for the tax credit, a business must create jobs in California.  For example, a business based in Humboldt County that is seeking to buy new equipment and expand its number of employees would qualify. 

The program has approximately $200 million in tax credits available during the 2015-16 fiscal year for businesses that want to expand in or relocate to California.  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.  For fiscal year 2015-16, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

·         January 4, 2016, through January 25, 2016 ($75 million available)

·         March 7, 2016, through March 28, 2016 ($50.9 million plus any remaining unallocated amounts from the previous application periods)

Come and learn how your business can apply for millions in available tax credits.

California Competes Tax Credit website: http://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit.aspx

Notice of Funding: http://www.business.ca.gov/Portals/0/CA%20Competes/Docs/Notice%20California%20Competes%20Tax%20Credit%20Fiscal%20Year%202015-16.pdf

List of Awardees from last round: http://www.business.ca.gov/Portals/0/CCTC%20Report%20for%20Website%20June%2018,%202015.pdf