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California Competes Grant Round 3

Governor's Office of Business and Economic Development

About this archived opportunity

The primary goal of the CCGP is to incentivize businesses to choose California and to create quality, full-time jobs in the state. A significant priority for this grant program is to make resources available to businesses for whom a non-refundable tax credit would not provide a significant financial benefit. The CCGP was specifically created for two types of businesses: (1) businesses that continuously reinvest profits, generating either significant research and development tax credits and/or net operating losses resulting in little to no tax liability; and (2) startups with little to no tax liability. While there are no geographic or sector-specific restrictions, the purpose of the California Competes Grant Program is to attract and retain high-value employers in California in industries with high economic multipliers and that provide their employees good wages and benefits.

Historical details

Status
Closed
Deadline
August 14, 2023
First captured
March 14, 2026
Award
$5,000,000 - $36,000,000
Publisher reference
83993

Eligibility: In order to be eligible to apply, a business must commit to at least one of the following criteria: 1. create at least 500 new, full-time jobs in California, or 2. invest at least $10 million in facility construction/renovation, or 3. create the jobs or make the investments in an area of high unemployment and/or high poverty as defined by the California Competes regulations

This opportunity has closed

California Competes Grant Round 3

by Governor's Office of Business and Economic Development

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