Once you have identified a business location and have commenced your own feasibility analysis, it may be advantage to explore various local, state and federal programs that in effect, reduce your costs and enhance your bottom line. Your project may qualify for any one or a combination of incentives. Let us assist you in determining eligibility and structuring your applications.
Enhanced Infrastructure Financing Districts (EIFD)
Tax increment financing (TIF) tool that leverages multiple revenue sources (e.g., property tax, fees, grants) to finance infrastructure investment, including affordable housing, TOD, and other improvements
California Business Investment Services (CalBIS)
The California Business Investment Services (CalBIS) Unit is comprised of a team of business development experts and specialists with in-depth insight into available resources, ongoing initiatives, and government programs that provide direct technical and financial assistance to companies that are interested in either locating or expanding in California.
Find out how the State of California can provide you with the business assistance incentive that best meets your needs.
California New Employment Credit
Jurupa Valley is one of only three targeted pilot regions in the State of California eligible for this program. The New Employment Credit (NEC) is available for each taxable year before January 1, 2021 to a qualified taxpayer that hires a qualified full-time employee on or after January 1, 2014, and pays or incurs qualified wages attributable to work performed by the qualified full-time employee in a designated census tract or economic development area.
Get the facts at the State of California Franchise Tax Board website.
View an Eligible Area Map.
California Infrastructure Bank Lending Program
See what the California Infrastructure and Economic Development Bank can provide you with long-term, lower-rate, financing options for your business. You need to partner with the City so brings us your proposal and let's talk.
Get more information at the California Infrastructure Economic Development Bank website.
Cap & Trade Funds - Affordable Housing & Sustainable Communities (AHSC) Program
Grants from the California Strategic Growth Council for affordable housing and TOD projects that result in the reduction of greenhouse gas emissions and vehicle miles traveled.
Learn more at the Cap and Trade Funds website.
New Market Tax Credits
The New Markets Tax Credit Program (NMTC Program) was established by the United States Congress to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs).
The credit totals 39% of the original investment amount and is claimed over a period of 7 years (5% for each of the first three years, and 6% for each of the remaining four years). The investment in the CDE cannot be redeemed before the end of the seven-year period.
Get full details at the U.S. Department of the Treasury: New Markets Tax Credit Program website.
Small Business Technology Transfer Program
The Technology Program Office of the U.S. Small Business Administration (SBA) administers the Small Business Innovation Research (SBIR) Program and the Small Business Technology Transfer (STTR) Program. Through these two competitive programs, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts.
Eleven federal departments participate in the SBIR program; five departments participate in the STTR program awarding $2 billion to small high-tech businesses.
Get the full details at the U.S. Small Business Administration: Small Business Technology Transfer (STTR) website.
EB-5 Foreign Investment Program
The U.S. Citizenship and Immigration Services in the Department of Homeland Security administers the Immigrant Investor Program, also known as "EB-5." Congress created the program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
Under a pilot immigration program first enacted in 1992 and regularly reauthorized since certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
Get full details at the U.S. Citizenship and Immigration Services: EB-5 Immigrant Investor Program website.
U.S. Department of Agriculture - Loans & Grants
The City of Jurupa Valley provides a balance of lifestyles including both an equestrian and agriculture base to residents and consumers alike. Individual businesses involved in agriculture and farmers' markets should investigate these opportunities.
Get full details at the U.S. Department of Agriculture: Grants and Loans website.