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4 tri-county companies to get tax credits for adding employees

By   /   Friday, April 14th, 2017  /   Comments Off on 4 tri-county companies to get tax credits for adding employees

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Four tri-county businesses received tax credits to hire additional employees on the Central Coast as part of the California Competes program through the Governor’s Office of Business and Economic Development.

A total of $91.4 million for 114 companies was approved by the tax credit committee.

Carpinteria’s Procore Technologies will invest around $4.7 million to bring on 739 employees as part of its expansion in Santa Barbara County, San Jose and San Diego. It will receive a $2.5 million tax credit.

Honey Science Corp., based in Los Angeles, will get $2.5 million to offset a more than $10 million investment, adding 254 people in LA and Santa Barbara.

Advanced Spectral Technology, headquartered in Simi Valley, will receive $500,000 to hire 24 employees and San Antonio Winery will add 33 employees to its LA, Ontario and Paso Robles locations with the help of a $475,000 credit. The two companies plan to spend $825,000 and $15.43 million, respectively.

Since it was created in 2013, the program has awarded $492.5 million to 688 companies for creating more than 70,000 new jobs.

• Contact Marissa Nall at [email protected]

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