Glendora Chamber

Budget: CalChamber Supports CalCompetes Tax Credit

By Preston Young -February 9, 2023

The California Chamber of Commerce is supporting the Governor’s budget proposal to provide $120 million to fund a third year of the California Competes Tax Credit program in 2023–24.

The program has been indispensable in helping businesses locate or stay in California and invest, grow, and create quality full-time jobs in the state.

Directed by the Governor’s Office of Business and Economic Development (GO-Biz), the CalCompetes program has awarded tax credits and grants to more than 1,150 businesses committing to create nearly 145,000 new, full-time jobs and make more than $29 billion in capital improvements in California.

Continue ready on the CalChamber site.

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