State Financial Incentive Programs for Businesses

California offers multiple financial incentive programs and grants for businesses including the following:

California Competes Tax Credit: An income tax credit available to businesses that want to come, stay or grow in California. http://www.business.ca.gov/programs/CaliforniaCompetesTaxCredit

New Employment Credit: The New Employment Credit is an income tax credit available to companies that hire qualified full-time employees within designated geographic areas.
https://www.ftb.ca.gov/online/New_Employment_Credit_Reservation

Sales and Use Tax Exemption for Manufacturing: The California Department of Tax and Fee Administration manages a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases.
https://www.cdtfa.ca.gov/industry/manufacturing-exemptions.htm

California Pollution Control Financing: The California Pollution Control Financing Authority provides tax-exempt bond financing for pollution control projects. The securities pay for acquisition, construction, and installation of qualified pollution control, waste disposal, or waste recovery facilities and equipment.
http://www.treasurer.ca.gov/cpcfa/tax_exempt.asp

Hybrid and Zero Emission Truck Incentive Project: Financial incentives of up to half of the cost of the vehicle are available, with additional funds for fleets located in disadvantaged communities.
https://www.californiahvip.org/

California Workforce Development Board: The Board serves employment and training needs at no cost to employers.
https://www.cwdb.ca.gov/

California Apprenticeship Initiative: The program offers a blend of hands-on and classroom experience to train workers with the necessary skills specific for each industry. The program is administered by the Community College Chancellor’s Office.
http://cwdb.ca.gov

Doing What Matters for Jobs and The Economy: The program works with community colleges to supply in-demand skills for employers and connect workers with job opportunities.
http://doingwhatmatters.cccco.edu

Employment Training Panel: Provides funding to employers for training that upgrades the skills of their workers.
https://etp.ca.gov

Energy Utility Development Rate Program: The program provides special discounts for business that require high energy loads to continue operating in California.
http://www.cpuc.ca.gov/general.aspx?id=12182

 

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