San Diego, CA – Diakont, a leading provider of high-technology robotic solutions and services for the energy generation and oil and gas industries, was awarded a California Competes Tax Credit by the California Governor's Office of Business and Economic Development ("GO-Biz"). The income tax credit was granted in consideration of Diakont’s ongoing commitment to grow and invest in its California-based operations.
The California Competes Tax Credit was created by Governor Brown in 2013 to help businesses grow and stay in California. This year, GO-Biz is allocating approximately $240 million in total tax credits. Building upon California’s nation-leading job creation, GO-Biz announced in April that, following a competitive evaluation and vetting process, the California Competes Tax Credit (CCTC) committee approved $91.4 million in tax credits to 114 companies who are expanding and creating jobs in California. The awards will support these companies in creating a projected 8,223 jobs and generating over $828 million in total investment across California.
“I congratulate Diakont on winning this California Competes Tax Credit, and I thank the company for investing in San Diego. With this award, Diakont will add 28 more employees and invest $6.8 million over the next five years, which will bring substantial economic benefit to our city and support growth in our region,” declared Senator Toni Atkins.
Diakont is in the process of significantly expanding its California operations, including the expansion of engineering and manufacturing capabilities, and will continue to create new high-technology jobs within the San Diego community.
Diakont is a global technology company with a technical center based in San Diego, CA. The company’s mission is to provide high-tech solutions that enhance the safety and economy of the most demanding industries. Diakont currently has a global workforce of over 1,300 highly-skilled professionals whose work supports the pipeline, energy generation, and manufacturing industries.