The Surf Industry Members Association (SIMA) is excited to announce an upcoming exclusive webinar for surf industry businesses titled “Unlocking Growth Opportunities in California for Surf Industry Businesses.” This virtual event will offer insights into how surf companies can leverage the California Competes Tax Credit (CCTC) to drive growth, create jobs, and make significant investments in their operations.
Participants will learn how a leading surf brand recently secured $3 million in tax credits, created 109 new jobs, and invested $16.5 million in office space, furniture, computer equipment, software, and tenant improvements as part of its expansion in Orange County, CA.
Featured Presenter:
Dustin McDonald
Regional Business Development Specialist – Los Angeles & Orange County for the Governor’s Office of Business and Economic Development (GO-Biz)
Dustin McDonald, an expert in regional business development, will provide attendees with essential information about the CCTC and guide them through the process of applying for and securing these valuable financial incentives.
Since its inception in 2013, the CCTC has been a game-changer for businesses in California, with an annual allocation of at least $180 million in tax credits through 2028. The program has awarded credits to nearly 1,200 businesses, creating over 159,000 jobs and driving $50.58 billion in private investment across the state.
“The surf industry plays a crucial role in California’s economy, and the California Competes Tax Credit presents an incredible opportunity for surf brands of all sizes and stages to expand, create jobs, and contribute to the state’s vibrant business landscape,” said Vipe Desai, Executive Director of SIMA. “We are thrilled to host this free webinar with Dustin, which will equip our industry members with the knowledge and tools they need to unlock significant growth potential.”
The event will cover:
• How the California Competes Tax Credit (CCTC) can support your business expansion.
• Eligibility criteria for securing tax credits.
• Step-by-step guidance on applying for these financial incentives.
Who Should Attend?
This webinar is tailored for specialty retailers, board builders, CEOs, CFOs, and HR executives in the surf industry of all sizes and stages who are looking to expand or relocate their business to California. Don’t miss this opportunity to learn how your business can benefit from the state’s strategic investments in innovation and job creation.
Registration is free to SIMA members and info can be requested at https://surfindustry.org/pages/contact
