State

California Competes Tax Credit

California Competes is a state income tax credit available to businesses that want to come to California, or stay and grow in California. Criteria for competition includes the number of jobs to be created or retained, the extent of poverty in a business development area, a minimum compensation limitation and a set job retention period. Tax credit agreements will be negotiated by GO-Biz and approved by a newly created California Competes Tax Credit Committee. To learn more, click here.