Are You Eligible for California’s Biggest Tax Credit?

By Kirk Conole, DCI Solutions, A Vested Ally

 

You might be eligible for Cal Competes tax credits. Don’t miss the January 23rd deadline!

⇒ Are you adding 2-10 new positions in 2017?

⇒ Are you buying buildings or production equipment?

⇒ Is $100,000 or more worth 3-4 hours of your time?

 

$200 million

That’s the amount of tax credits California’s Governor’s Office of Business and Economic Development (GO-Biz) is awarding to companies doing business in California who are committed to creating new jobs and investing in equipment and buildings.

⇒ You may be eligible to receive $5,000 – $20,000 in tax credits for every new hire if accepted into the program.

⇒ Businesses with revenue under $2MM can receive extra large incentives.

⇒ Businesses that buy buildings or production equipment can also receive extra large incentives.

 

If you are eligible – which is likely for many companies unaware of this state tax credit – you need to know that this is a competition. Your application does not guarantee an award.

Contact Vested Ally Kirk Conole for more info at kconole@dcisolutions.net

 

More on Kirk and DCI Solutions here.