Governor s Office of Business and Economic Development | State of California Awards Financial Services Contract to Subsea Craft Us Inc (June 2026)

The California Competes Tax Credit Committee approved a $3,500,000 tax credit agreement with Subsea Craft US, Inc. supporting a $6,898,500 investment and 69 new jobs in Southern California maritime craft manufacturing. The award aims to bolster advanced marine manufacturing in the state.

Document date · June 18, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$3,500,000 tax credit on $6,898,500 investment

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

Governor's Office of Business and Economic Development Committee Meeting Minutes 2026-06-18

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Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2026-06-18

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 | State of California?

Subsea Craft Us Inc 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 $3,500,000 tax credit on $6,898,500 investment.

How much is the Subsea Craft Us Inc contract with Governor s Office of Business and Economic Development | State of California worth?

The Subsea Craft Us Inc contract with Governor s Office of Business and Economic Development | State of California is valued at $3,500,000 tax credit on $6,898,500 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.

What other contracts does Subsea Craft Us Inc hold?

Subsea Craft Us 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 Subsea Craft Us Inc's 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.

View Governor s Office of Business and Economic Development | State of California's profile