We're more than a pretty place to live with perfect weather. We've got a growing and talented workforce ready to go to work for you.
We're more than just scenicWe might be growing fast, but we still have a hometown feel. We're home to two of the safest cities in the country and have business and community leaders ready to welcome you to your new home.
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We're growingHome to two of the top three fastest-growing cities in California, come discover what makes this the best place on the west coast.
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We've got the skillsWe're home to top ranked K-12 schools and a robust network of higher-education options, creating a steady pipeline of the talent your company needs to reach new heights.
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Let's Grow Your Business!
We know how overwhelming it can be to find the right place to grow or expand your business. The EDC has partners across the state to help you find the answers you need and the resources to make your move.
- California Competes Tax Credit: The California Competes Tax Credit is an income tax credit available to businesses who want to relocate, stay, or grow in California. Our team provides no-cost consultations to see if your business qualifies.
- Advanced Transportation and Manufacturing Sales and Use Tax Exemption: The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) offers a full sales and use tax exclusion to manufacturers that promote alternative energy and advanced transportation.
- Research & Development Tax Credit: A business may qualify for an income tax credit if it paid for or incurred qualified research expenses while conducting qualified research activity in California. Qualified research expenses include wages, supplies, and contract research costs.
- ZEV Funding Opportunities: California and local governments offer a variety of incentives, financing options, and grants to help property owners, businesses, and California residents transition to zero-emission vehicles (ZEVs) and install ZEV infrastructure with a skilled workforce. Click below for a list of funding resources that can help.
- Economic Development Rate Program: This program gives special utility discounts for businesses that require high-energy loads to operate or continue operation in California.
- Workforce Training Funds: Through On the Job Training (OJT) Programs and the Employment Training Panel, businesses are able to utilize a variety of hiring and tax incentive programs. These programs can assist a business in hiring new employees or enhancing the skills of their current workforce.
- Site Selection: Let us use our network to find you the perfect location to start or grow your business. We know how valuable your time is, which is why we won't waste a moment of it. Our local businesses benefit from a pro-business culture, a highly skilled (and available!) workforce, easily accessible logistics and transportation, and a team of professionals that are ready to help you start growing today.
Riverside County Incentive Zones
Riverside County's Incentive Zones include opportunity zones, foreign trade zones, and recycling market development zones.
What is an Opportunity Zone?
There are 49 Opportunity Zones spread over the county's 7,300 square miles in both large and small cities. They are areas designated by the federal government where an investor can receive tax benefits. The goal is to attract more businesses and create more jobs to communities that need it the most. The county has become known as the main logistics hub in Southern California and produces about 10.2 billion in exports in active and growing international markets.
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Foreign Trade Zones
For purposes related to Customs, U.S. Foreign-Trade Zones are considered outside of of U.S. commerce. This allows companies to defer payments on merchandise until it is entered into U.S. commerce. The U.S. Foreign-Trade Zones program offers significant advantages to U.S.-based manufacturers and distributors, many of which are not available under free trade zone regimes abroad. Our regions unique location provides close proximity to 3 major US ports which include Port of Los Angeles, Port of Long Beach and Port of San Diego making businesses eligible to establish a foreign trade zone.
