The Governor's Economic Development Initiative (GEDI) was established under the Governor's Office of Business and Economic Development (GO-Biz).
GEDI offers three incentive programs to help business locate or expand in California:
- California Competes: Provides income tax credits to businesses that want to locate or expand in California. Tax credits are negotiated by GO-BIZ and approved by newly created California Competes Tax Credit Committee.
- Manufacturing Equipment Sales & Use Tax Exemption: Sales tax exemption which eliminates California portion of sales tax (4.19%) at time of purchase program. Administered by the California Board of Equalization.
- New Employment Credit: Tax Credit on a new employees wages above $13.50 an hour and up to $28 an hour. Administered by California Franchise Tax Board.
This City of Stockton web page last reviewed on --- 7/15/2015