FINANCIAL_SERVICESRECOMMENDED

PKL Services to lose $550K in state tax credits

GO-Biz is asking the Committee to recapture $550,000 in tax credits from PKL Services, Inc. following expiration of its 2024 California Competes agreement. The move recovers part of the original $2,500,000 award for other businesses.

Status
RECOMMENDED
Document date
June 12, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Pkl Services Inc
Agency
Governor s Office of Business and Economic Development · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,500,000 (tax credit awarded), $550,000 to be recaptured
Contract type
FINANCIAL_SERVICES
Contract term
Agreement expired at end of 2024 tax year
Renewal date
2024-12-31
Renewal
Agreement expired at end of 2024 tax year; partial recapture; no renewal indicated.
Document type
Agenda
Source document
Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2025-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Governor s Office of Business and Economic Development?

Pkl Services Inc was awarded this financial services contract by Governor s Office of Business and Economic Development, as recorded on June 12, 2025. The contract value is $2,500,000 (tax credit awarded), $550,000 to be recaptured.

How much is the Pkl Services Inc contract with Governor s Office of Business and Economic Development worth?

The Pkl Services Inc contract with Governor s Office of Business and Economic Development is valued at $2,500,000 (tax credit awarded), $550,000 to be recaptured, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2025-06-12 (Agenda), dated June 12, 2025 from Governor s Office of Business and Economic Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pkl Services Inc hold?

Pkl Services Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pkl Services Inc's profile

What is Governor s Office of Business and Economic Development currently buying?

Explore Governor s Office of Business and Economic Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Governor s Office of Business and Economic Development's profile

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