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.
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.