— by Aneeta Kumar

Earlier this week, the Governor’s Office of Business and Economic Development (GO-Biz) announced a series of live and online workshops designed to help businesses apply for the California Competes Tax Credit (CCTC). A total of $243.3 million in tax credits is expected to be awarded in fiscal year 2016-17 and the next CCTC application period starts July 25, 2016. Tax credits totaling $75 million will be available between July 25, 2016 and August 22, 2016. An additional $100 million in tax credits will be available between January 2, 2017 and January 23, 2017. The final $68.3 million in credits, plus any remaining unallocated amounts from the previous application periods, will be available from March 6, 2017 through March 27, 2017.

Interested businesses can register to attend a workshop and receive insight and information from GO-Biz staff. Live workshops are scheduled across California, including an Orange County workshop on July 26, 2016 at Rancho Santiago Community College District. Online webinars are scheduled to occur on July 28, 2016, August 4, 2016, and August 11, 2016.

More information about eligibility requirements, upcoming workshops, and the application process can be found in the Go-Biz press release and at www.calcompetes.ca.gov.

Additionally, NAWBO-OC’s Public Policy Committee is hosting an Educational Workshop on July 19, 2016 at 5:30 pm during which member Katy Triefenbach will share insight on how her company, Stage 1 Financial, was 1 of 6 companies in Orange County awarded a portion of the initial $47 million in GO-Biz tax credits approved in June of this year. Register here to attend the July 19 workshop.

Aneeta Kumar, Insurance Recovery Attorney, Kumar & Gerchick, VP Community Relations at NAWBO-OCAneeta Kumar is the NAWBO-OC VP of Public Policy. She is an attorney and partner in Kumar & Gerchick. Her practice focuses on assisting policyholders in obtaining maximum recovery from their insurance carriers for claims and losses, litigation expenses, settlements and judgments.