Insights into the world of small business lending and development
California Competes: State funding resources for small businesses in California
The Governor’s Office of Business and Economic Development launched the California Competes tax credit, a tax deduction program available to small businesses that want to relocate or stay and grow in California. All businesses, regardless of size, industry or location can apply to receive this credit during three application periods each year. Applications will be reviewed and analyzed on a number of factors, including number of full-time jobs created, investment amount, and importance to the state or region.
- July 26, 2021 – August 16, 2021
- January 3, 2022 – January 24, 2022
- March 7, 2022 – March 28, 2022
If you believe you may be eligible for the California Competes tax credit, apply here. To learn about additional relief programs from the Governor’s Office of Business and Economic Development, click here.