The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Program staff must weigh these possibly competing factors, and the high recapture rate cou ld indicate a relative favoring of high-risk, high-rewards projects. In years where the program is fully subscribed, there is an opportunity cost associated with an agreement that is not fulfilled.
https://lao.ca.gov/Publications/Report/5162