FINANCIAL_SERVICESRECOMMENDED

Hilbers, Inc. faces second $48K tax credit recapture

The California Competes Committee is advised to recapture an additional $48,000 from Hilbers, Inc.’s tax credit after its 2020 agreement expired and milestone deficiencies were identified, supplementing $48,000 already reclaimed. This will substantially claw back the original $120,000 award.

Status
RECOMMENDED
Document date
June 12, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Hilbers 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
$120,000 (tax credit awarded), $48,000 previously recaptured, additional $48,000 to be recaptured
Contract type
FINANCIAL_SERVICES
Contract term
Agreement expired at end of 2020 tax year
Renewal date
2020-12-31
Renewal
Agreement expired at end of 2020 tax year; prior partial recapture approved in 2023; additional recapture now recommended; no renewal mentioned.
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?

Hilbers 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 $120,000 (tax credit awarded), $48,000 previously recaptured, additional $48,000 to be recaptured.

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

The Hilbers Inc contract with Governor s Office of Business and Economic Development is valued at $120,000 (tax credit awarded), $48,000 previously recaptured, additional $48,000 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 Hilbers Inc hold?

Hilbers 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 Hilbers 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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