04/20/2024

California Woos Business with Tax Credits: You Can Get In On Them

Want to grow your business locally? Want to move an out-of-state company to California?

You can be paid to do it.

Gov. Jerry Brown’s California Competes program has allocated some $200 million in tax credits in fiscal 2016 for companies to expand in or relocate to California.

State officials will offer one-hour workshops on how to apply for the credits from July 14 to Aug. 7 in Tustin, Murrieta, Redlands, Torrance, San Diego and more than a dozen other cities statewide.

The free program is open to small, medium and large businesses. Beginning July 20, companies can apply online at calcompetes.ca.gov, a website that also offers an application guide and other technical documents.

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