Friday, February 3, 2023

Six CalChamber Members Creating Jobs with Help from Tax Credit

CaliforniaCompetesTaxCredit

Six California Chamber of Commerce member companies have been selected by the Governor’s Office of Business and Economic Development (GO-Biz) as recipients for the California Competes Tax Credit.

The California Competes Tax Credit (CCTC) committee recently approved $60.9 million in tax credits for 74 companies expanding and creating jobs in California.

The awards will help these companies create a projected 6,568 jobs and generate more than $670 million in total investment across California, according to GO-Biz.

CalChamber members being awarded credits in this round include:

• MalwareBytes Corporation; cybersecurity software developer.

• Palecek Imports, Inc; furniture design and manufacturing.

• Borrego Solar Systems, Inc; solar power system design, construction, installation.

• Colusa County Farm Supply, Inc; agricultural supplier and consulting services.

• Techmer PM LLC, polymer materials design and manufacturing.

• Huhtamaki, Inc; food and beverage packaging design and manufacturing.

The complete list of approved companies and award amounts is posted at www.business.ca.gov.

Governor Edmund G. Brown Jr. created the California Competes Tax Credit in 2013 to focus on helping businesses grow and stay in California. This year, GO-Biz is allocating approximately $243 million in total tax credits.

Next Application Round

The next application round for the tax credit opens on January 2, 2017 with $100 million in tax credits available. The application will be available at www.calcompetes.ca.gov.

Workshop Schedule

GO-Biz is hosting workshops throughout the state to help businesses apply. To register, see the links for the individual locations listed below at www.business.ca.gov.

An application guide, frequently asked questions, program regulations, and a video explaining how to create an account also are available.

• December 5: Crescent City, Elk Grove, Yreka

• December 6: Benicia, Fairfield

• December 7: Fremont, Oakland

• December 8: Escondido, National City

• December 9: Poway, Santee

• December 12: Lancaster

• December 13: Bell, Carson, Torrance

• December 14: El Monte, Fullerton, Garden Grove

• December 15: Mission Viejo, Murrieta

• December 19: Moreno Valley, Rialto/San Bernardino County

• December 20: Calexico, Indio

CalChamber
CalChamber
The California Chamber of Commerce is the largest, broad-based business advocate to government in California, working at the state and federal levels to influence government actions affecting all California business. As a not-for-profit, we leverage our front-line knowledge of laws and regulations to provide affordable and easy-to-use compliance products and services.

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