Search
 

Near $50M in Tax Credits to Add 11,300 CA Jobs

SACRAMENTO—The awards will help the companies involved generate more than $3.4 billion in investment across California.

By Natalie Dolce | Updated on June 19, 2015

SACRAMENTO—Building upon California’s nation leading job creation, the Governor’s Office of Business and Economic Development recently revealed that the California Competes Tax Credit committee approved $49.8 million in tax credits for 63 companies expanding and creating jobs in California. The awards will help the companies involved create a projected 11,340 jobs and generate more than $3.4 billion in investment across California. 

Some of the involved companies include California Commercia Solar Inc., Environmental Systems Research Institute Inc., and QSC Holdings Inc., to name just a few. “The California Competes tax credit continues to encourage companies to invest and create high quality jobs in California,” says committee chair Mike Rossi. “While other states are scrambling to piece together unsustainable incentives, California has diversified its portfolio of targeted economic development tools and is seeing increased job creation as a result.” Rossi, senior jobs advisor to Governor Brown, convened the committee meeting at the Sacramento City Hall which includes Treasurer John Chiang, director of the Department of Finance Michael Cohen, Senate appointee Denise Zapata and Assembly appointee Madeline Janis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.