The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - It provides nonrefundable tax credits to companies in exchange for a commitment to increase employment and investment in the state over several years. More specifically, the objective of the program is to influence a business ’s decision to make investments in California that would have been made in another state, or not at all, absent the credit.
https://lao.ca.gov/Publications/Report/5162

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Background California Competes Provides Incentives to Attract Business Investment.   California Competes  is an economic development tax incentive program that allows GO-Biz to negotiate agreements to provide financial incentives to companies that agree to meet hiring and investment targets.
https://lao.ca.gov/Publications/Report/4846

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Will the Program Effectively Increase Private Sector Hiring and Investment? Many state programs —such as tax reductions, loans, and industrial subsidies —are intended to encourage people or their businesses to take certain actions that would increase spending, hiring, or investment.
https://lao.ca.gov/Publications/Report/4331

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Businesses Must Meet Hiring and Investment Commitments. Successful applicants negotiate written agreements with GO ‑Biz that specify hiring and investment targets over a five ‑year period. The businesses may not claim the credit until they first meet their hiring and investment commitments.
https://lao.ca.gov/Publications/Report/4327

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Immigration Integration Governor Proposes Package of Funding for Immigration and International Investment Programs. The Governor ’s budget includes $11.6  million General Fund, one time, in 2022 ‑23, and $500,000 annually thereafter, to support several GO ‑Biz functions related to international trade, investment, and economic development.
https://lao.ca.gov/Publications/Report/4529

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The 2021 federal Infrastructure Investment and Jobs Act will provide at least an additional $2  billion per year over five years for state and local transportation projects. Governor ’s Proposal Lower Fuel Tax Rates in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4528

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - For example, estimates of local employment multipliers, which attempt to measure the total increase in local jobs due to investment in specific industries, find that motion picture, video, and sound recording have roughly average multipliers compared to other sectors.
https://lao.ca.gov/Publications/Report/5000

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Cost of Other Capital Investments. As transit agencies adopt ZEBs, they incur some other significant up-front costs —for example, constructing and maintaining charging infrastructure. Ongoing Costs. To operate buses, transit agencies incur ongoing costs for fuel, maintenance, and repairs.
https://lao.ca.gov/Publications/Report/4890

Fixing Unemployment Insurance

Dec 2, 2024 - Repay the outstanding federal loan immediately by using new borrowing, split evenly between: (1) a revenue bond to be repaid by employers, and (2) Pooled Money Investment Account borrowing to be paid by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4943