Business Incentives

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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.  The City of San Marino provides a Façade Improvement Program and a  Conditional Use Permit Fee Waiver Incentive . Please see the funding criteria and application form attached. In addition, there are many federal and state funding programs that you can apply to on the list below.

facaDE IMPROVEMENT PROGRAM

The City of San Marino, in its continuing efforts to support the development of the Central Business District, created a Façade Improvement Program for all property owners within the District. This Pilot Program focuses on the overall improvement of the commercial district in order to make it more inviting .

The purpose of this Program is to enhance economic opportunities in the District and encourage investment in the City.  The program will provide financial assistance in the form of a grant to a commercial property and/or business owner to make façade improvements to commercial buildings located within the Central Business District in the City of San Marino.

Details:

The Pilot Program will help fund the improvement of a building’s storefront façade for up to a maximum amount of $10,000 . The Program will only fund projects that significantly improve the visual appearance of the whole façade of the property as viewed from the street. This pilot program will only be available from now to the end of the Fiscal Year (June 30, 2020), the Program is funded for only one project, so apply as soon as possible!

Requirements:

• Maximum grant amount per property/business owner is:  $10,000.
• Property owner must submit plans and elevations with approved application.
• All applicable Planning and Building permits must be obtained from the City.
• Applicants for this program are exempt from Planning and Building permit fees.
(This fee exemption does include fees mandated by the State of California)
• Work must be completed within six (6) months of grant award.
• Only commercial and mixed-use buildings may apply. No residential properties.
• A payment of the grant fund will be made available at the conclusion of the construction.
• Only one grant will be awarded per building within a ten-year period.
• Limited to those storefronts that directly face Huntington Drive or San Marino Avenue/Sierra Madre Blvd.
• Any buildings with current zoning or building code violations are not eligible.


DOWNLOAD FAÇADE IMPROVEMENT GRANT APPLICATION HERE:

FAÇADE IMPROVEMENT APPLICATION

CONDITIONAL USE PERMIT APPLICATION FEE WAIVER

The Conditional Use Permit application fee will be waived for a one-year period starting January 1, 2020 for: proposed restaurant and grocery store uses, the expansion of current restaurant uses,  where such uses will occupy an existing building. 



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.
Los Angeles County Development Authority (LACDA) Smart Funding for Businesses Small Business The LACDA is a dynamic and innovative local government agency created in 1982 by the Los Angeles County Board of Supervisors. The agency is an industry leader its three core service areas: housing, community, and economic development. The Smart Funding program provides loans up to $2 Million that are customizable for your business needs. Since its inception in 2017, Smart Funding has given out 10 loans totaling $5,244,191. Loan amounts range from $25,000 up to $2 Million.

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