California Competes Grant Round 2

Purpose: The California Competes Grant Program (CCGP) is available to businesses that want to locate in California or stay and grow in California and create quality, full-time jobs in California that might not otherwise be created by the business or any other business. 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. Eligible Applicants: 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 Eligible Geographies: There are no geographic limitations or restrictions, however, all employment growth and investments must take place in California. For businesses that qualify to apply via the high unemployment or high poverty designation, at least 75% of the employment growth must occur in the qualifying high poverty or high unemployment city or county.

• PSCEmployment, Labor & Training, Housing, Community and Economic Development

• Grant guidelines.html

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  calcompetes@gobiz.ca.gov