Over $50 Million Awarded Statewide
SACRAMENTO – Today, Assemblymember Kevin McCarty (D-Sacramento) announced that a combined total of $1,355,000 in tax credits was awarded to Blue Iron Inc., California Safe Soil LLC, and Melcon Inc., located in West Sacramento and Sacramento. With the support of these tax credits, these companies combined have added 86 additional full time employees in Assembly District 7 through the California Competes Tax Credit program.
“California Competes helps local businesses grow by holding them accountable for reaching milestones after achieving their tax credit award,” said Assemblymember McCarty. “In turn, it means another source of revenue to instill new employees and equipment to make upgrades to the company they otherwise may not have been able to budget for.”