High Tech

California is the global leader in technological innovation. California’s tech workforce is over 1.5 million strong – more than the next two ranked states combined¹. Technology-based businesses from custom software services to tech manufacturing call California home, more than anywhere else in the nation. And no state’s tech industry is as productive as California’s, accounting for over a a quarter of economic impact in the U.S. tech industry¹.

When it comes to developing the newest technologies, there is no better place than California. Seven of the world’s top ten AI investors are based in California¹ and nearly half of all VC dollars in AI have gone to California businesses³. We are home to the nation’s top university for computer science and its largest and most diverse network of public universities.⁵. With continued investments in integrated K-16 education and expanded broadband, California will stay at the forefront of emerging tech.

California Competes Tax Credit

The California Competes Tax Credit is an income tax credit available to businesses who want to relocate, stay, or grow in California. Our team provides no-cost consultations to see if your business qualifies.

Research & Development Tax Credit

A business may qualify for an income tax credit if it paid for or incurred qualified research expenses while conducting qualified research activity in California. Qualified research expenses include wages, supplies, and contract research costs.

References
1. CompTIA
2. Startup Genome, “Global Startup Ecosystem Report 2020”
3. CB Insights, “The United States of Artificial Intelligence Startups,”, updated March 17, 2021
4. US News and World Report, “Best Computer Science Schools,” accessed Nov. 9, 2021
5. US News & World Report
6. US Census Bureau
7. US.GOV list of federal agencies, accessed Nov. 9, 2021
8. Centers of Academic Excellence (CAE) in Cybersecurity Community

Leadership

Governor

Meet the GO-Biz Team