Are you a business owner in Orange County, CA looking to unlock growth opportunities for your business? There are many local, state, and federal agencies that offer tax credits, loans, grants, and other incentives to businesses in the area. The California Alternative and Renewable Fuel and Vehicle Technology Program (CAEATFA) provides an exclusion of sales and use tax. Businesses involved in manufacturing may also be eligible for an exemption from sales and use tax. The City of Long Beach has several small business loan programs that are based on the quality of your business plan, as well as your resume and other personal qualifications.
Even if you have a low credit rating, you may still be able to get a loan. Grants are another option for businesses in Orange County. Grants are money that is given to you and don't need to be repaid. They can be used for specific purposes such as repainting the front of a store or buying better equipment.
Some grants are awarded in cash while others reimburse you for the money you spend. In addition to grants and loans, there are other incentives available such as site selection services, specific tax exemptions, training grants, fee exemptions, permit assistance, low-cost or tax-exempt funding, reduced utility rates, hiring employees, and more. The California Office of the Small Business Advocate is focused on helping small businesses in the state by developing the small business ecosystem and ensuring that issues of equity and inclusion are taken into account. They provide assistance with site selection services, specific tax exemptions, training grants, fee exemptions, permit assistance, low-cost or tax-exempt funding, reduced utility rates, hiring employees, and more. The Los Angeles Area Chamber of Commerce is another great resource for businesses in Orange County.
They represent member companies and serve the interests of more than 235,000 companies throughout the Los Angeles region. They provide assistance with site selection services, specific tax exemptions, training grants, fee exemptions, permit assistance, low-cost or tax-exempt funding, reduced utility rates, hiring employees, and more. The Inland Empire Small Business Development Center Network helps current businesses and aspiring entrepreneurs in Orange County as well as San Bernardino and Riverside counties. They provide personalized consulting and training services to help businesses succeed. The Port of Long Beach also offers incentives for businesses in Orange County. Any business that qualifies within the limits of the FTZ-50 (which includes Orange County) can request that their current building be designated a free zone site. Overall there are many incentives available for businesses in Orange County.
From grants to loans to tax exemptions to site selection services and more - there is something for everyone! So if you're looking for ways to help your business grow - don't forget to look into all the incentives available in your area.
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