Federal Incentives

Empowerment Zone

Located in the City of Fresno, businesses in the Empowerment Zone can claim a $3,000 federal tax credit each year in which an employee who lives in the Empowerment Zone works at the company.

HUD - Empowerment Zones and Renewal Communities

City of Fresno Empowerment Zone

HUBZone

The Historically Underutilized Business Zone (HUBZone) is administered by the U.S. Small Business Administration (SBA) and was designed to stimulate economic development and create jobs in urban and rural communities by providing Federal contracting preferences to small businesses. The HUBZone applies to qualified small businesses (by SBA standards) located within the zone’s boundaries with at least 35% of their employees residing in a HUBZone. The City of Fresno’s HUBZone is defined by qualified census tracts.

SBA HUBZone Program

City of Fresno HUBZone

New Markets Tax Credit

Companies who invest in projects that qualify as Community Development Agencies get 39% of them project's cost returned in the form of tax savings spread out over 7 years.

U.S. Treasury Dept. - New Markets Tax Credit Program

Foreign Trade Zone

A U.S. Foreign-Trade Zone (FTZ or Zone) is a designated area which, for Customs purposes, is considered outside the U.S. Nearly any imported merchandise can be brought into a Zone for almost any kind of manipulation, duty-free. If you are not currently located within the FTZ, a sub-zone can be created virtually anywhere in Fresno County to include your company's facilities.

International Trade Administration - Foreign Trade Zone Homepage

City of Fresno Foreign Trade Zone

Renewal Community

Businesses in the Renewal Communities found in Orange Cove and Parlier can claim a $1,500 federal tax credit each year in which an employee who lives in the Empowerment Zone works at the company.

HUD - Empowerment Zones and Renewal Communities