State Incentives

Take advantage of several state incentives available to businesses in Fresno County. Our Business Development team is always here to help.

 California Competes Credit

California income tax credit negotiated between State & businesses that want to come to California or stay and grow in California. Business may be located anywhere in California. Credit amount depends on several factors, including: job creation, economic impact, amount of investment in California by business (list not inclusive).

Learn more about the California Competes Credit

 Manufacturing Equipment Sales & Use Tax Exemption

California sales tax exemption on manufacturing and manufacturing related equipment. Eliminates 4.19% of California sales tax portion and can provide an immediate benefit by allowing for tax exemption at the time of equipment purchase.

Learn more about the Sales & Use Tax Exemption

 New Employment Credit (NEC)

California hiring tax credit available to qualified employers hiring qualifying employees. Employment must be in Designated Geographic Area (DGA) and employer must obtain credit reservation on employee prior to hire. Credit is 35% of wages paid between 150% to 350% of California minimum wage. In certain pilot areas, credit is based on wages paid between $10/hr and 350% of minimum wage.

Learn more about the NEC

Research and Development (R&D) Credit

California income tax credit available to businesses who incur qualified research expenses while conducting qualified research in California. Credit received based on 15% of the excess of current year research expenditures over a computed base amount.

Learn more about the R&D Credit

Industrial Development Bond (IDB) Financing Program

IDBs provide manufacturing and processing companies with low-cost, low-interest financing for capital expenditures. Financing available between $1 million to $10 million. Eligible expenditures include: acquisition of land, building construction, building renovation, purchase of machinery and equipment.

Learn more about the IDB Financing Program

California Capital Access Program (CalCAP)

CalCAP encourages banks and other financial institutions to make loans to small businesses that fall just outside of most banks' conventional underwriting standards. CalCAP is a form of loan portfolio insurance which may provide up to 100% coverage on certain loan defaults. By participating in CalCAP, lenders have available to them a proven financing mechanism to meet the financing needs of California's small businesses.

Learn more about CalCap

Employment Training Panel (ETP)

California hiring incentive. Provides for reimbursement of costs of customized training of new or existing employees. Upgrade employee skills by creating a customized training program through approved training agencies. Wage reimbursement amount varies by training and job type.

Learn more about the ETP

Business Development Team

Our Business Development team can help you search for the right property. Contact us today.

Clay Gilpin
Economic Development Coordinator

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