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GO-Biz

The Governor's Economic Development Initiative (GEDI) was established under the Governor's Office of Business and Economic Development (GO-Biz).  

 

GEDI offers three incentive programs to help business locate or expand in California:

  • California Competes:  Provides income tax credits  to businesses that want to locate or expand in California.  Tax credits are negotiated by GO-BIZ and approved by newly created California Competes Tax Credit Committee.
  • Manufacturing Equipment Sales & Use Tax Exemption:  Sales tax exemption which eliminates California portion of sales tax (4.19%) at time of purchase program.  Administered by the California Board of Equalization.
  • New Employment Credit:  Tax Credit on a new employees wages above $13.50 an hour and up to $28 an hour.  Administered by California Franchise Tax Board. 

 

 

External Links


California Business Portal

California Board of Equalization

California Franchise Tax Board

GO-Biz

San Joaquin WorkNet

 

This City of Stockton web page last reviewed on --- 7/15/2015