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Grants, Programs, and Incentives
This website will allow you search federal grants currently available, as well as, past and upcoming programs. You can then use the website to get started on your grant application.
This will provide more information on programs provided through the USDA (United States Department of Agriculture).
https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=RBSmenu
Use the link below to find all State grants and loans offered on a competitive or first-come basis by California state agencies.
This will provide a list of federal programs listed on the US Economic Development Administration.
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
You may qualify for this credit if you engaged in qualified research activities in California.
https://www.ftb.ca.gov/file/business/credits/california-research.html
This credit is for employers that:
- Hire qualified full-time employees
- Receive a reservation for that employee
- Pay wages for work performed by that employee in a designated geographic area (DGA)
- Report the credit on a timely filed (including extensions) original return
https://www.ftb.ca.gov/file/business/credits/new-employment-credit/index.html
Partial and full exemptions available from the State of California
https://www.cdtfa.ca.gov/taxes-and-fees/sales-and-use-tax-exemptions.htm
Part of the Demand Side Employment Initiative (DSEI) from the California Department of Rehabilitation, the EmployABILITY Business Grant offers small- and medium-sized businesses in California the opportunity to grow their businesses and upgrade their hiring.
Find more information here: https://www.employabilityca.com/
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) 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.
This financing addresses gaps in economic development financing. CEDA facilitates the issuance of private activity bonds for the purpose of economic and community development. 501(c)(3) Revenue Bond Financing and Industrial Development Bonds (IDBs) are available.
Find out more at https://ceda.caled.org/
On December 19, 2023, the County of Tuolumne Board of Supervisors passed a resolution allowing owners of commercial property only within the unincorporated areas of Tuolumne to participate in the Commercial Property Assessed Clean Energy program.
This program provides financing for new or existing structure improvements for renewable energy, energy efficiency, water conservation, seismic retrofitting, electric vehicle charging and fire resiliency.
Find out more, including how to apply at: https://cscda.org/property-assessed-clean-energy-programs/
The California Infrastructure and Economic Development Bank (IBank) was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. IBank’s current programs include the Infrastructure State Revolving Fund (ISRF) Loan Program, Expanding Venture Capital Access Program, the Climate Catalyst Revolving Loan fund, Small Business Finance Center and the Bond Financing Program.
Follow the link: https://www.ibank.ca.gov/
The Technical Assistance for Capital Readiness Program is backed by $25.3 million in funding from the U.S. Treasury’s State Small Business Credit Initiative (SSBCI). SSBCI is designed to spur investment to businesses with 1-9 employees, small manufacturing companies, and businesses operated by owners from underserved communities.
How the Program Helps Business-Owners:
- Guides them to navigate the loan process, prepare their loan applications, and determine what loan products, if any, will be the best fit.
- Builds legal, accounting, and financial management skills
- Increases awareness of state-backed capital support programs for small businesses applying for capital
- Designed to spur the approval of new business loans to the state’s smallest and most vulnerable business-owners
Link: https://calosba.ca.gov/funding-grants-incentives/state-small-business-credit-initiative/
If you’re a small business owner looking for a good loan, you’re in the right place. Let California Small Business Loan Match connect you to pre-vetted lenders and loans you can trust, at no cost. Loan Match is powered by IBank, the state agency helping to promote a healthy economic climate and improve quality of life in California communities.