Panel considers $60 million proposal to revive California Competes grant program
GO‑Biz and California Competes officials described a proposed $60 million grant round to reach businesses that cannot monetize the non‑refundable California Competes tax credit, while the Legislative Analyst's Office urged clearer eligibility criteria and oversight.
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Scott Dossick, deputy director for the California Competes grant program at GO‑Biz, told the Assembly Budget Subcommittee 5 the governor's budget includes $60,000,000 to resume the California Competes grant program to reach businesses that cannot use the non‑refundable tax credit.
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