CONTRACTAWARDED

Governor s Office of Business and Economic Development | State of California Awards Financial Services Contract to General Atomics (June 2026)

Governor s Office of Business and Economic Development | State of California logoGovernor s Office of Business and Economic Development | State of California
Disclosed value
$20,000,000 tax credit on $38,000,000 investment
From minutes
Awarded
Jun 18, 2026

The 30-second brief

What it covers

The California Competes Tax Credit Committee approved a $20,000,000 tax credit agreement with General Atomics to support a $38,000,000 investment and 10 additional jobs in Poway focused on fusion energy research and development. The award promotes advanced energy innovation in California.

Who holds it

General Atomics holds this financial services contract with Governor s Office of Business and Economic Development | State of California. Its other public contracts on record include work for City of Harker Heights and Apple Valley Unified.

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Contract details

Contract type
Financial Services
Amount
$20,000,000 tax credit on $38,000,000 investment
Document date
June 18, 2026
Source document
Governor's Office of Business and Economic Development Committee Meeting Minutes 2026-06-18 (Minutes)

General Atomics's other public contracts

More Governor s Office of Business and Economic Development | State of California contracts

Questions about this contract

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

General Atomics was awarded this financial services contract by Governor s Office of Business and Economic Development | State of California, as recorded on June 18, 2026. The contract value is $20,000,000 tax credit on $38,000,000 investment.

How much is the General Atomics contract with Governor s Office of Business and Economic Development | State of California worth?

The General Atomics contract with Governor s Office of Business and Economic Development | State of California is valued at $20,000,000 tax credit on $38,000,000 investment, 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 | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does General Atomics hold?

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

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

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

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