Over $20 Million Awarded Statewide
SACRAMENTO – Assemblymember Eduardo Garcia (Coachella) announced today that $550,000 in tax credits will be awarded to two district companies: United States Gypsum Company, Imperial County and MBC USA, Inc. in Riverside. This California Competes Tax Credit program will assist both companies to add a combined 101 additional full time employees and over $45 million in local investments within the 56th State Assembly District.
“I am pleased to see that our local businesses have taken advantage and will benefit from this new economic tool,” said Garcia. “These tax credits will create more than 100 new job opportunities and leverage over $45 million in investment for our district. I am eager to work and assist our local business communities to benefit from this program.”