Next Round of California Competes Tax Credit Opens Next Week

Written By Hickey Team

California Competes Tax Credit application round closes on March 10th, 2025

Is your business growing, expanding, or locating in California? The next round for California’s premier incentive program, California Competes Tax Credit, will be open from February 24th, 2025 through March 10th, 2025. Competition for incentives will be fierce, with at least $214.7 million in tax credits allocated for this round.

SNAPSHOT

  • State income tax credits available for growing California businesses

  • A total of $644,756,695 has been made availabe for 2024-2025 fiscal year

    • At least $214.7 million will be available for this final round

  • Current application period is only open from February 24th through March 10th

EVALUATION CRITERIA

  • Number of jobs created or retained

  • Amount of investment

  • Employee compensation

  • Tax credit impact on future California job creation

  • Commitment to stay in California

  • Future growth and expansion opportunities

  • Extent of unemployment and poverty at the current / proposed site

  • Strategic importance and economic impact to California, the region, or local community

  • Impact that the tax credit may have on relocating jobs into California from other states

  • Other incentives available from California and other states/communities

APPLICATION AND AWARD PROCESS


CONNECT WITH THE HICKEY’S CALIFORNIA INCENTIVES TEAM

The Hickey & Associates incentives team in California has advised companies navigating the California Competes Tax Credit application process, including securing incentives, in addition to other California incentive programs. With the current application period opening soon, and closing on March 10th, 2025, contact us to learn more about the California Competes program, other California incentives available, and your project’s eligibility.

Hickey Team

Hickey & Associates makes learning about commercial site selection easy. We share information in writing and through videos and images, covering topics like grants and incentives advisory, location strategy, and supply chain logistics. Our team helps you find the best places for your business, get financial benefits, and make your supply chain work better. We are here to make complicated things simple and beneficial for your business's growth.

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