Modesto Businesses Leverage CalCompetes Tax Credit Incentives

CalCompetes is one of California’s primary programs to encourage businesses to locate or stay and grow in California. Modesto businesses have embraced CalCompetes and been very successful in applying and receiving awards. In just the past five years, Modesto area businesses have secured CalCompetes tax credits totaling $7,045,000, representing 286 added and retained jobs.

Recipient companies include Sovena USA, Inc., Kingspan Insulated Panels, Inc., Graham Packaging PET Technologies, Inc., Entekra, Inc., Royal Summit, Inc. and Enviro Tech Chemical Services, Inc. CalCompetes keeps an award list if you’re interested in more details.

The current application period is January 3, 2022 – January 24, 2022. Webinar and other helpful information is available at California Competes Tax Credit