California has great incentives for business
California's rich set of state-based incentive programs target retention of existing businesses, growth of targeted industries, and company attraction from outside the state.
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California Competes Credit: A business income tax credit of up to $250 million annually that benefits relocation or expansion in California. Three funding rounds occur at different times and each has a different valuation.
Manufacturing Equipment + Sales & Use Tax Exemption: A benefit up to $200 million to be put toward the cost of basic equipment, R&D equipment, and processing equipment, with an immediate benefit of no state tax at time of purchase.
Research & Development Tax Credit: A tax credit for businesses conducting research in California to cover research-related expenditures that promote the advancement of scientific or engineering knowledge.