San Carlos-based Company is Recommended for the California Tax Credit
The Governor’s Office of Economic Development provided for $30 million in tax credit for businesses that created jobs and spurred investment in the State through
equipment, leasing, or purchase of land. San Carlos Economic Development staff worked with the Governor’s office to educate and inform our businesses of the new tax credit: California Competes.
The process was extremely competitive with a tight deadline. Statewide, a total of 396 companies applied and requested over $500 million in total credits. We are excited to inform you that out of 31 companies that were selected, San Carlos-based Novartis Pharmaceutical Corporation is recommended to receive $1,000,000 in tax credit.
Click here to read more about the California Competes Tax Credit.
Economic Development activities in San Carlos are conducted by the Economic Development Division of the Community Development Department. This section will provide you with information about our work in economic development in San Carlos.
San Carlos - Perfectly Positioned Ideally situated between San Francisco and San Jose, San Carlos is easily accessed from the highway, railway or airways. The ultimate in geography and livability, it strikes a rare balance between small town charm and big city access. Here, a quaint village feeling goes hand in hand with the latest global advances. It's the best of both worlds, in the best possible location.