The CCTC is open to businesses of any industry, size, or location that meet one of the following criteria:
California-based companies planning to expand
Companies contemplating leaving California
Out-of-state companies planning to relocate operations to California or start business operations there
The credit is awarded through a competitive application process where applications are reviewed on several factors, including the number of full-time jobs being created, and the proposed wages paid to those employees.
GO-Biz will analyze the amount of investment and review any training programs conducted by the applicant. GO-Biz will also weigh the strategic importance of the applicant’s industry to the state or region.