Governor’s Office of Business and Economic Development: California Competes Grant Program.

Assembly Member Sharp-Collins proposes extending California's Competes Grant Program through January 1, 2031, maintaining the state's framework for providing economic development grants through the Governor's Office of Business and Economic Development (GO-Biz). The program, which awards grants to businesses creating jobs or making investments in California, is currently set to expire on January 1, 2030.

The one-year extension preserves GO-Biz's authority to administer grants under existing eligibility criteria and program guidelines. While the bill requires no new appropriations, future grant disbursements remain contingent on legislative funding approval. The Fiscal Committee must review the extension's budgetary implications before the bill can advance to a full legislative vote.

GO-Biz would continue serving as the state's primary entity for economic strategy and business development through the extended period, maintaining its current role in evaluating grant applications and monitoring recipient compliance. The extension allows the office to plan grant cycles and review processes through 2030 without operational disruption.