Business Owners Can Apply for More than 75 Million in Tax Credits

MORENO VALLEY>> The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  A total of $75 million in tax credits is available during this application period for businesses that are expanding and adding full-time jobs in California. "Our message to business owners is simple: Take advantage of this tax credit and create new job opportunities,” said Kristen Kane, GO-Biz Deputy Director. “The California Competes tax credit has encouraged hundreds of companies to expand in California and add thousands of well paying jobs. This application is free, it’s easy to apply and we want great companies that are expanding to receive these valuable tax credits.” The deadline to submit applications is Monday, August 21, 2017, at 11:59 p.m. PST. The online application website will automatically close once the deadline has passed.  The online application is available at www.calcompetes.ca.gov. An application guide, Frequently Asked Questions (FAQs), and program regulations are available at www.business.ca.gov/CalCompetes.aspx.  Members of the CCTC team are also available to provide technical application assistance. For applicants who are reapplying, the FAQs include instructions on how to copy information from a previously submitted application. Businesses interested in learning more about the CCTC can also participate in free application webinars. For a webinar schedule and registration information, please visit www.calcompetes.ca.gov. For more information about the Cal Competes Tax Credit or to learn how to grow your business in Moreno Valley, please contact the Economic Development Department at EDTeam@moval.org or call 951.413.3460.