… and employers?

High school students watch work on a satellite during a job shadow program at Lockheed Martin in Silicon Valley. The aerospace giant won a $39.5 million California Competes grant this year. Photograph courtesy of Lockheed Martin

The state also offers employer tax credits to encourage hiring.  

California Competes: An income tax credit to encourage more companies to do business in the state. The credits need to be negotiated with the Governor’s Office of Business and Economic Development, known as Go-Biz. Past reviews, however, showed some credits were not claimed. Aerospace typically wins big.

New Employment Credit: A tax credit that can be claimed directly by employers for hiring certain types of new workers.