Vege Mist Inc. of Gardena receives $1.25 million in ‘California Competes’ tax credits, pledges to hire 75 percent of workforce from City of Compton
(Carson) – In an effort to improve California’s business climate, Assemblymember Mike A. Gipson congratulated Vege Mist Inc. of Gardena for receiving $1.25 million in tax credits awarded by the Governor’s Office of Business and Economic Development (GO-Biz) on April 13, 2017.
“This is great news for our district. Jobs are coming, and they are coming right to our backyard” said Asm. Gipson. “For nearly 3 decades, Vege Mist has provided value to our community through its history of business service. I was honored to have provided a letter in support of their application and commitment to hire locally, a subject I continue to be a champion for.”
Vege Mist is a designer and manufacturer of display fixtures with a focus on produce departments in grocery stores. As a recipient of over $1 million in ‘California Competes’ tax credits that will be awarded over the next 5 years, Vege Mist vowed to hire 75 percent of their added workforce from the City of Compton.
The California Competes tax credit is part of the Governor’s Economic Development Initiative (GEDI) which Governor Brown signed legislation to enact in 2013 (AB 93 and SB 90). GO-Biz evaluates the most competitive applications based on the factors required by statute, including total jobs created, total investment, average wage, economic impact, strategic importance and more. Companies are exempted from paying state income taxes in the amount awarded.
Mike A. Gipson represents the 64th Assembly District. The district includes the cities of Carson, Compton, Gardena, Harbor Gateway, Lynwood, North Long Beach, Rancho Dominguez, South Los Angeles, Torrance, Watts/Willowbrook and Wilmington.
CONTACT: Chris Wilson, Communications Consultant, Chris.wilson@asm.ca.gov, (310) 324-6408