FINANCIAL_SERVICESRECOMMENDED

State Plans Partial Recapture from Purosil LLC Tax Credit

GO-Biz recommends that the Committee recapture $562,500 in California Competes tax credits from Purosil LLC after its 2025 tax year agreement concluded with unearned credits. The recapture is part of a prior $750,000 incentive for silicone hose manufacturing in Corona.

Status
RECOMMENDED
Document date
June 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Purosil Llc
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
$562,500
Contract type
FINANCIAL_SERVICES
Contract term
Through end of 2025 tax year
Renewal date
2025-12-31
Renewal
Agreement expired at end of 2025 tax year; remaining unused portion of the award is recommended for recapture.
Document type
Agenda
Source document
Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 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?

Purosil Llc 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 $562,500.

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

The Purosil Llc contract with Governor s Office of Business and Economic Development is valued at $562,500, 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 2026-06-18 (Agenda), 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 Purosil Llc hold?

Purosil Llc 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 Purosil Llc'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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