One World Beef received $6 million in tax credits with the commitment to hire 605 new full time employees and invest $38.5 million in Imperial County.
SACRAMENTOÂ â€“ Last week, State Assemblymember Eduardo Garcia urged The California Competes Tax Credit Committee to approve the application for $6 million dollars in tax credits from One World Beef Company in Brawley. The committee reviewed the application and approved it with a unanimous vote. The funding will get One World Beef closer to opening its doors and to fulfill their commitment to hire 605 new employees in Imperial County.
â€œThis is a big day for Imperial County as One World Beef (OWB) got their $6 million dollar tax credit application approved. OWB has committed to making a $38.5 million investment in Imperial County, one of the most economically depressed areas of the state. This investment will bring much needed full-time jobs to the area, â€œsaid Assemblymember Garcia.
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements will be negotiated by GO-Biz and approved by a statutorily created â€œCalifornia Competes Tax Credit Committee,â€ consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, one appointee each by the Speaker of the Assembly and Senate Committee on Rules.