Resources for Business
CAEATFA Full Sales & Use Tax Exclusion
Apply now. This program historically becomes rapidly oversubscribed. December 20th, 2021 – January 7th, 2022. $100M Available. Full Sales and use tax exclusion for advanced manufacturers, advanced transportation technologies, alternative source, and recycled feedstock companies (examples have included microelectronics, semiconductors, aerospace and defense, advanced materials, sustainable technologies, additive manufacturing, industrial biotechnology). See here. Definitions on eligibility on page six here.
- Emerging Industry: Includes new Emerging Industry category including Lithium Valley here.
- Small Projects: Includes $20m set aside for “Small Project Pool” available only to applicants requesting $2m or less in STE
California Competes Tax Credit & Grant
January 3rd, 2022 – January 24th, 2022, California Competes Tax Credit ($140M) & California Competes Grant ($120M): The next round of California Competes begins January 3rd with $140m available for California Competes Tax Credit and $120m available for the newly available California Competes Grant. CalCompetes has posted three upcoming webinar opportunities:
Zero-Emission Vehicle and Vehicle-Related Manufacturing Grants
$118,750,000 in first round, $250m total projected: Budget includes initial round of grant incentives for in-state manufacturing of zero-emission vehicles (ZEVs), ZEV-related manufacturing including ZEV parts, components, batteries, and fueling infrastructure equipment.
- View the Presentation by the Energy Commission on eligibility and other elements here
Community Economic Resilience Fund (CERF)
- The CERF team has posted the final regions and the planning phase draft guidelines which can be found here.
- They have also invited public comment on due by January 28th on the Planning Phase Draft Guidelines which can be found here.
- CERF is hosting a listening-style webinar on January 6, from 2-4PM, register here.
- Register for ALL CERF email updates here.
Legislative Considerations
Capital Investment Incentive Program (CIIP): January 1st, 2022. An update to California’s property tax incentive program for projects in excess of $150m investment. This past year, the Governor signed AB-726 expanding CIIP to also now include businesses “engaged in the manufacturing of fuels, electrical parts, or components used in the field of clean transportation or the production of alternative fuel vehicles or electric vehicles.”
- GO-Biz’s last report on CIIP can be found here.
Local Financing, Public Investment Authorities (EIFDs, CRIAs): January 1st, 2022. An update to California’s post-Redevelopment financing district tools for housing, transit, economic development and business support in SB-780 takes effect
Comeback Guide
GoBiz recently posted the California Business Comeback Guide, an index of all current and forecasted state incentive programs for businesses both for recovery and for success.
