California Competes Grant Program funding available to businesses

Businesses that want to locate or stay and grow in California are being encouraged to apply for a part of $120 million in California Competes Grant Program funds available for allocation for the 2021-2022 fiscal year. The application period is open Jan. 3-24. The maximum grant award is $36 million.Any size business is eligible to apply if it meets at least one of the following criteria: it will create at least 500 new full-time jobs in California, it will make capital investments of at least $10 million or the project will take place in an area of high unemployment and/or poverty as defined in the California Competes Tax Credit regulations.The funding opportunity came about through the Governor’s Office of Business and Economic Development, which serves as California’s leader f