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 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget accelerates $100  million of previously allocated funds from 2026-27 to 2025-26 for public infrastructure investments in the City of Fresno. Allocates Additional Resources to the SEED Initiative.
https://lao.ca.gov/Publications/Report/5081/

Assessing Recent Changes to California Competes

Mar 30, 2020 - Introduction California Competes Provides Financial Incentives to Attract Business Investment. California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Report/4213

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 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Many Business Entities Exist to Manage Investments. A significant number of new companies are formed each year to independently hold and manage investments. For example: Energy and real estate development companies commonly form new partnerships to attract financing for new projects.
https://lao.ca.gov/Publications/Report/4207

Assessing Recent Changes to California Competes [Publication Details]

Mar 30, 2020 - Assessing Recent Changes to California Competes [Publication Details] Assessing Recent Changes to California Competes Format: HTML Description: California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Detail/4213

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 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