GO-BIZ COMMITTEE APPROVES $70 MILLION IN TAX CREDITS FOR 17 COMPANIES COMMITTING TO ADD OVER 2000 JOBS IN CALIFORNIA
Thursday, December 13, 2018
Sacramento, Calif. – The Governor’s Office of Business and Economic Development (GO-Biz) announced that the California Competes Tax Credit (CCTC) committee approved $70 million in tax credits for 17 companies projected to create 2030 jobs, retain 4,468 existing jobs, and make $468 million worth of new investments across California. View the complete list of approved companies and award amounts.
“The California Competes Tax Credit encourages companies from around the world to locate, expand and add good paying jobs in our state.” said Panorea Avdis, GO-Biz Director and Chair of the California Competes Tax Credit Committee. “This round of recipients includes the largest single tax credit award in the history of the program, one of California’s leaders in aerospace manufacturing, Lockheed Martin. We look forward to all of the companies’ ongoing commitment and investment in California.”