FINANCIAL_SERVICESAMENDED

$12.5M Tax Credit Recaptured from Zoom

The California Competes Tax Credit Committee approved recapturing the full $12,500,000 tax credit previously awarded to Zoom Video Communications, Inc. after its agreement expired at the end of the 2025 tax year without sufficient milestones being met. The recaptured funds will be reallocated to other eligible California businesses.

Status
AMENDED
Document date
June 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Zoom Video Communications 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
$12,500,000 tax credit recaptured (original award $12,500,000)
Contract type
FINANCIAL_SERVICES
Renewal date
2025-12-31
Renewal
Agreement expired at the end of the 2025 tax year; unearned credit fully recaptured.
Document type
Minutes
Source document
Governor's Office of Business and Economic Development Committee Meeting Minutes 2026-06-18

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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?

Zoom Video Communications Inc was awarded this financial services contract by Governor s Office of Business and Economic Development, as recorded on June 18, 2026. The contract value is $12,500,000 tax credit recaptured (original award $12,500,000).

How much is the Zoom Video Communications Inc contract with Governor s Office of Business and Economic Development worth?

The Zoom Video Communications Inc contract with Governor s Office of Business and Economic Development is valued at $12,500,000 tax credit recaptured (original award $12,500,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Governor's Office of Business and Economic Development Committee Meeting Minutes 2026-06-18 (Minutes), dated June 18, 2026 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 Zoom Video Communications Inc hold?

Zoom Video Communications 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 Zoom Video Communications 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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