CA Competes New Application Period
For most businesses the economic downturn created by COVID-19 has meant difficult adjustments to their daily operations, without much uplifting news. There is, however, a new application period underway for business tax credits through the CA Competes program. During this round of funding, there is $80 million available in credits. The application for CA Competes is free, and the deadline to submit is August 17. To date, eight Camarillo companies have been awarded tax credits totaling over $4 million.
California businesses that are expanding are encouraged to apply to CA Competes. The information requested in the application will include the numbers of full and part-time employees, how the tax credit can help the company create new jobs, wages for employees that will be hired or retained, and the accounting period for the business (and a number of other items). Details about CA Competes are available here.
Please contact Alondra Gaytan, via email or call 409-9159, to schedule an appointment.
Cybersecurity Workshop
While COVID-19 continues to present challenges in the business world, cybersecurity should still to be a paramount concern. In a single month there can be 1.75 billion data breaches worldwide, and an average of 25,575 records is compromised in a single breach. The targets of cyber-crimes, some 58% of the time, are small businesses. On September 2, the state is offering a free Cybersecurity Industry Convening virtual meeting.
The interactive workshop is tailored for IT/cybersecurity professionals, and will focus on getting California businesses better prepared for cyber-attacks. The Governor’s Cybersecurity Task Force (GCTF) is presenting the workshop to address the industry’s capability-skill gap.
