Assemblyman Jim Cooper, along with the Galt District Chamber of Commerce, hosted a California Competes Tax Credit Workshop on Thursday, Sept. 17. Assemblyman Cooper is raising awareness for programs which assist local businesses as they expand. The California Competes Tax Credit provides state income tax credits for businesses, large and small, that are expanding their workforce.
The sizable group of business owners in attendance were shown in detail the various parameters and availability of the tax credit and how it may apply to their business. The effort of the program is to encourage and support the expansion of the labor force, particularly in economically distressed areas of the state.