Business Incentives


Funding Sources and Incentives


San Marino Economic Development champions the entrepreneurial spirit, and supports programs that nurture and inform the next generation of business talent. San Marino wants to help your business with the resources to inspire, empower, and grow. For more information, consulting appointments, or customized training opportunities, please contact us. Here are some ways to get additional funding if you need it.
Many local, state, and federal agencies provide tax credits, loans, and grants that are targeted for certain types of businesses.


Opportunity Purpose Industry Description
Sales tax exemption on manufaturing equipment purchases Equipment Manufacturing The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides a sales and use tax exclusion for advanced manufacturers and manufacturers of alternative source and advanced transportation products
Tax credit program for businesses exapanding and relocating to California Tax Credits Small Business The California Competes Tax Credit (CCTC) application periods, credits available, and committee meeting dates for fiscal year 2019-2020 have been posted here.  The first application period will start on July 29, 2019, with $90 million in tax credits available.  Starting July 29, the online application can be accessed at www.calcompetes.ca.gov.
7(a) Loan Program Specific-purpose loans Small Business The 7(a) Loan Program includes financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other very specific purposes. The loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business.
Microloan Program Small, short-term loans Small Business The Microloan Program provides small, short-term loans to small business concerns and certain types of not-forprofit child-care centers. The maximum amount of the loan is $50,000.
Real Estate & Equipment Loans: Certified Development Company (CDC/504) Loan Program Business Financing Small Business The SBA CDC/504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.
California Small Business Loan Guarantee Program (SBLGP) Credit History Small Business The California Small Business Loan Guarantee Program (SBLGP) is administered by the California Infrastructure and Economic Development Bank (iBank) to encourage small businesses to create and retain jobs as well as to invest into low-to-moderate-income communities.
Work Opportunity Tax Credit Tax Credit Private Sector Businesses The Work Opportunity Tax Credit is a Federal income tax credit provided to private-sector businesses for hiring individuals from nine target groups who have consistently faced barriers to employment.  For the following: $2,400 generally for each new adult hire (who meets specific criteria) • $1,200 for each summer youth hire • $4,800 for each new disabled veteran hire • $9,000 for each new long-term Temporary Assistance for Needy Families (TANF) recipient hired over a two-year period.

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