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New California Competes Application Rounds Announced

GO-Biz has posted the schedule for the fiscal year 2014/2015 California Competes Credits. There will be three application periods:

1. To be determined (probably some time in September or October based on the announcement made at the previous committee hearing). This round will be for $45 million of the total available.
2. Beginning 1/5/2015 through 2/2/2015 for $75 million.
3. Beginning 3/9/2015 through 4/6/2015 for at least $30 million.

The committee hearings, which finalize the awards, will be held on:
January 15, 2015
April 16, 2015
June 18, 2015

Applications submitted during one round that are not approved will carry over to subsequent rounds within the fiscal year. The limit that no single credit can be more than 20% of the total available applies to the entire year, not the amount set in a given application period.

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