SACRAMENTO – Governor Gavin Newsom on Nov 17 announced the Governor’s Office of Business and Economic Development (GO-Biz) awarded $99.9 million in California Competes Tax Credits (CalCompetes) to nine innovative companies across the state.

These awards will support an estimated creation of 2,752 new jobs with an average weighted annual salary of $139,000, and will bring in more than $370 million in new private investment.

This round of CalCompetes awards supports a diverse range of manufacturers, spanning sectors including aerospace, wastewater treatment, and microelectronics. Manufacturing, identified as both a “strengthen” and “accelerate” sector within the state’s Economic Blueprint, powers innovation in California unlike any other state, delivering $405.6 billion in output in 2024 and employing more than 1.24 million workers.