Business Incentives & Support

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SDGE Technology Incentives Program – gives business customers financial incentives to install automated demand-response controls and equipment that helps businesses manage energy use year-round and during demand-response events

San Diego Workforce Partnership

On-the-job Training Program (OJT) is designed to assist businesses hire and train new employees who do not have sufficient experience and knowledge in the jobs for which they are being hired. The employer’s training expenses will be paid at a rate not to exceed 50 percent of the wages the new employee earns during the contracted training period

Customized Training Program exist at the workforce investment board, community college, and university level to ensure we have the right programs to respond to and proactively address industry’s needs.


State

Electric Program Investment Charge (EPIC) Program: The Energy Commission’s electricity innovation investments follow an energy innovation pipeline program design, funding applied research and development, technology demonstration and deployment, and market facilitation to create new energy solutions, foster regional innovation, and bring clean energy ideas to the marketplace. Deadline: Dates for submission vary based on the projects to which a company would like to apply.

California Hub for Energy Efficiency Financing Pilot Programs - The California State Treasurer administers a set of pilot programs designed to help California achieve its energy efficiency goals by increasing the availability of lower-cost financing for energy efficiency investments throughout the state.

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) – The California Alternative Energy and Advanced Transportation Financing Authority works  collaboratively with public and private partners to provide innovative and effective financing solutions for California’s industries, assisting in reducing the State’s greenhouse gas emissions by increasing the development and deployment of renewable energy sources, energy efficiency, and advanced transportation and manufacturing technologies to reduce air pollution, conserve energy, and promote economic development and jobs.

CAEATFA Full Sales and Use Tax Exclusion  - The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides a full sales and use tax exclusion for advanced manufacturers, manufacturers of alternative source and advanced transportation products, and manufacturers using recycled feedstock.CAEATFA Full Sales and Use Tax Exclusion – The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides a full sales and use tax exclusion for advanced manufacturers, manufacturers of alternative source and advanced transportation products, and manufacturers using recycled feedstock.

College Access Tax Credit - a credit available to individuals and business entities that contribute to the CATC Fund.

Manufacturing and R&D Partial Sales and Tax Exemption – Manufacturers and certain research and developers may qualify for a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases.

California Infrastructure and Economic Development Bank (IBank) CLEEN Center – The IBank established the California Lending for Energy and Environmental Needs (CLEEN) Center to offer financing to public agencies and non-profit corporations to help achieve the State’s greenhouse gas reduction goals and increase market confidence in green investing.

Industrial Development Bonds – tax-exempt securities of up to $10 million for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies. Deadline: Applications are accepted on a continuous basis

CoolCalifornia – The CoolCalifornia Funding Wizard can help you find grants related to energy efficiency upgrades and rebates, with a particular emphasis on sustainable and environmentally-friendly business practices.

Capital Investment Incentive Program – provides for property tax rebates beyond the first $25 million of assessed property for industry codes 3364 (Aerospace Products and Parts Manufacturing) and 3359 (Other Electrical Equipment and Component Manufacturing), subject to approval by local jurisdictions. Deadline: Credit is available for taxable years beginning on or after January 1,2015 and is scheduled to expire on January 1, 2030.

New Employment Credit – available to companies in designated geographic areas of the state who have a net increase in employment and hire qualified employees. The credit is based on 35 percent of qualified wages or wages between 150 percent (or $10 for a Pilot Area) and 350% of minimum wage. Deadline: The New Employment Credit (NEC) is a California income tax credit available to employers for taxable years beginning on or after January 1, 2014, and before January 1, 2021

Employment Training Panel – provides an opportunity for employers to get reimbursed for training their existing staff and new hires; options exist to either apply for your own contract or to contract with an existing contract holder. Critical proposal letters may also be written by the Governor’s Office of Business and Economic Development on behalf of a company, raising the ceiling of the contract from $700,000 to $900,000. Deadline: Applications are accepted on a continuous basis.

Self-Generation Incentive Program - The Self-Generation Incentive Program (SGIP) provides financial incentives for the installation of new qualifying technologies that are installed to meet all or a portion of the electric energy needs of a facility.  At this time, the SGIP is undergoing regulatory modifications and a 2017 program opening date will be announced after modifications are finalized by the California Public Utilities Commission.  For more information on the self-generation incentive program as it pertains to the San Diego Region, please visit: http://energycenter.org/self-generation-incentive-program

California Research Credit – available to taxpayers engaged in qualified research activities in California and reduces income or franchise tax.

California Capital Access Program Collateral Support (CalCAP CS) – pledges cash to cover the collateral shortfall of loans of $50,000 or more. CalCAP CS provides up to 40 percent of the loan value, with the possibility of an additional 10 percent for businesses located in a Severely Affected Community (SAC). A business is located in a Severely Affected Community if the Borrower’s address is in a city where the unemployment rate is 110% of the state unemployment average or more. All CalCAP loams are made by participating lending institutions. The CalCAP CS program offers enhanced terms of support for “green” loans, manufacturing loans and loans under $250,000, defined as follows:

  1. Loans to be used primarily for supporting new or expanded business processes, products, services, and tenant improvements consistent with specific state policy goals or regulations furthering energy and water conservation, alternative energy and environmental protection.
  2. Loans to provide working capital to contractors and other businesses providing specific services furthering energy and water conservation, alternative energy and environmental protection.
  3. Loans to be used primarily for new or expanded production of materials and products for use or sale using labor and machines, tools, chemical and biological processing, assembly or formulation.
  4. Loans from $50,000 to $250,000.

California Competes Tax Credit – income tax credit made available to business that want to locate to and grow in California. Businesses will commit to certain employment or project investment requirements, we refer to as “milestones,” as part of the credit agreements. The annual budget for this program is $200 million with designated application periods.

Federal

Business Energy Investment Tax Credit: Federal Corporate Tax Credit. 30% for solar, fuel cells, wind. 10% for geothermal, microturbines and CHP.

Foreign Trade Zones – federally designated areas where companies can delay or reduce duty payments on foreign merchandise. There are two types of Foreign Trade Zones, general purpose and subzones (the latter is for a specific company or use). San Diego has one FTZ in the City of San Diego (No. 153).

Interest Charge Domestic International Sales Corporation Return (IC-DISC) – federal tax incentive for exporters of products made in the U.S. California manufacturers who receive 50 percent of their net income from foreign sales may be subject to a significantly reduced US income tax rate.

Export-Import Bank – finances the export of U.S. goods and services to international markets by providing working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans.

EB-5 Financing – provides foreign nationals the opportunity to become conditional residents for a period of two years upon making an investment of $1 million, or $500,000 in a designated Targeted Employment Area, in a new commercial enterprise. Each unit of investment must create at least ten new, direct or indirect jobs for U.S. workers.

Small Business Administration Loan Programs – include general small business loans (7(a)), microloans, real estate and equipment loans, CDC/504, and disaster loans.

Work Opportunity Tax Credit – available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.

New Markets Tax Credit Program – awards companies a tax credit against their Federal income in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). The credit totals 39 percent of the original investment amount and is claimed over.