California Competes Tax Credit Application Period Closes August 5th
Businesses across California are urged to act swiftly as the first application period for the highly sought-after California Competes Tax Credit (CCTC) is rapidly approaching its close. With over $922 million available for allocation in the 2025-2026 fiscal year, this is a prime opportunity for businesses looking to locate, stay, and grow within the Golden State.
The initial application window, which opened on July 21, 2025, will officially close on August 5, 2025. This tight deadline means that businesses interested in securing a portion of the $308 million allocated for this first period must submit their applications without delay.
The California Competes Tax Credit is a powerful incentive designed to stimulate job creation and economic growth throughout the state. It's an income tax credit open to businesses of all sizes, industries, and locations that can demonstrate a commitment to creating new, full-time jobs and making significant capital investments in California.
Don't Miss the Opportunity to Learn More!
To assist businesses with the application process and provide a comprehensive understanding of the program, the Governor's Office of Business and Economic Development (GO-Biz) is hosting two crucial online webinars. These sessions will cover an overview of the program, delve into the program goals and evaluation criteria, and include a valuable question and answer segment. All businesses are strongly encouraged to participate to maximize their chances of a successful application.
Remaining Webinar Schedule:
Detailed information about the program, including eligibility and the application portal, can be found on the GO-Biz website. Remember, the deadline for this first application period is fast approaching. Secure your spot in the webinar and submit your application to take advantage of this significant opportunity to grow your business in California.
