Incentive Programs
Economic Development can help identify potential incentives that will match best with your relocation and/or expansion, and facilitate the incentives process with local and state leadership. The County invests in its future by offering competitive incentives to companies who are creating jobs and driving innovation.
Local
Sacramento County offers rebates to new and existing businesses that generate $75,000 or more in annual electrical utility tax revenues. Eligible businesses may receive financing assistance for the cost of significant capital investment in permanent, non-portable improvements.
Sales tax rebates are available for new retail developments. Qualifying developments must demonstrate projections for County/local sales tax revenue in excess of 85% of the revenue generated by the largest existing sales tax generators in Sacramento County’s unincorporated area.
Provides credits on certain impact fees paid on the square footage of a building; should the building be removed (demolished) for reuse. Credits from demolished buildings may transfer across parcels for a master development project like a mall, regional or neighborhood center development, which generally consist of numerous proximately located parcels. Access to the credits is dependent on mutually agreed performance measures.
The Non-Residential Fee Deferral program is designed to stimulate and encourage economic development within the County, particularly those that will result in long-term commitments to the County which will create jobs and provide economic stimuli for the benefit of all of the County's residents. For more information visit the Development Fee Deferral Programs page. Excluding the administrative component, the following files are eligible to be deferred:
- Antelope Public Facilities Financing Plan Area Fees
- North Vineyard Station Specific Plan Area Fees
- Mather Field Public Facilities Financing Plan Area Fees
- Vineyard Public Facilities Plan Area Fees
- Sacramento County Transportation Development Fees
- Low Income Housing Trust Fund Fees
Sacramento County has designated funding for a Property and Business Improvement District Formation Incentive. Property and Business Improvement Districts (PBIDs) are benefit assessment districts formed pursuant to California law which provide improvements and services, which enhance the economic vitality of the properties within each district. In order to qualify for the PBID Formation Incentive, projects must meet certain eligibility requirements.
Overview
Sacramento County has designated funding for a Property and Business Improvement District Formation Incentive. Property and Business Improvement Districts (PBIDs) are benefit assessment districts formed pursuant to California law which provide improvements and services, which enhance the economic vitality of the properties within each district.
- Eligible PBID Areas: Proposed County administered PBIDs with boundaries that include more than half of the assessed properties in the unincorporated County.
- Potentially Eligible Applicants: Formalized steering committees consisting of property and business owners that are actively working to form a PBID.
- Incentive Amount: Up to $50,000 per proposed PBID project.
- Use of Funds: County will contract, in an amount not to exceed $50,000, with a mutually agreed to PBID consultant for PBID feasibility study and/or formation services.
Application Process
The Director of Economic Development (Director) is authorized by the Board of Supervisors to administer the Incentive on behalf of the County.
- Required Documentation: For a project to be considered for this Incentive, Potentially Eligible Applicants must complete and submit a Property and Business Improvement District Formation Grant Application.
- Review and Deadlines: Applications will be reviewed by the Director and staff for completeness and eligibility within 45 days of submission.
- Selection: Applicant selection for funding support will be performed in the order that applications are received and until all Incentive funds are committed and expended.
- Incentive Distribution: County will contract directly with a PBID consultant up to the amount of incentive approved by County. Consultants must have extensive experience performing feasibility studies and formation services for the creation of PBIDs. Consultants should have knowledge of the Sacramento County community.
For complete details, please review the Archive - Approved Board Material for the Property and Business Improvement District Formation Incentive.
For additional questions and to request a blank application, please contact the Office of Economic Development at (916) 874-5220.
State
The California Competes Tax Credit (CCTC) is a nonrefundable, nontransferable income tax credit available to businesses that want to locate in California or existing California businesses that want to stay and grow in the state. The CCTC is awarded to individual businesses through a competitive application process a specific time throughout the year.
The California Competes Grant Program (CCGP) is a great opportunity for clients who typically wouldn’t be able to take advantage of a tax credit or are looking for funding that’s more easily monetized.
The Recycling Market Development Zone (RMDZ) program provides attractive loans, technical assistance and free product marketing to business that use materials for the waste stream to manufacture their products and are located in a designated zone.
The Employment Training Panel (ETP) provides funding to employers to assist in upgrading the skills of their workers. ETP uses a pay-for-performance contract to provide a specific, fixed-fee cash reimbursement for the costs of employer-customized, job-specific skills training conducted by the company.
U.S. Federal
Opportunity Zones are an investment tool created to generate investment and economic development in designated low-income communities. Enacted into law through the Tax Cuts and Jobs Act of 2017, this federal program allows investors to defer or eliminate taxes on money they’ve made from selling property such as real estate, stocks, or art, and put it into qualified opportunity funds (QOF) that invests it in real estate projects or businesses within a designated Opportunity Zone.
The Work Opportunity Tax Credit (WOTC) is a credit available to employers who invest in American job seekers who have consistently faced barriers to employment. These credits can range from $2,400 to $9,600 per person for hiring individuals from targeted groups.
While not a tax credit, this can benefit employers by reimbursing up to half of an employee/trainee's wages during an agreed upon period of time.