2026-2030 Economic Development Strategic Plan

Program Name/Resource

Adv. Mfg.

AgTech Biotech Clean Economy Healthcare Logistics

All

Qualifying Advanced Energy Project Credit (48C)

Recycling Market Development Zone (RMDZ)

Renewable Energy Investment Tax Credit (ITC)

Renewable Energy Production Tax Credit (PTC)

Research & Development Tax Credit (Section 41)

Riverside County Revolving Loan Fund (RLF)

Riverside County Small Business THRIVE Program

Riverside Public Utilities Energy Efficiency Rebates

SBA Loan Programs (7(a), 504 & Microloan)

Self-Generation Incentive Program (SGIP)

Small Business Development Centers (SBDC)

Small Business Innovation Research (SBIR) & STTR

Small Business Loan Guarantee Program (SBLGP)

Southern California Edison Economic Development Rate (EDR)

USDA Business & Industry Loan Guarantee Program

Veterans Business Resources NOW Program

Work Opportunity Tax Credit (WOTC)

Economic Growth Strategies, 2024, Appendix J

Business Incentives and Assistance Riverside County and local jurisdictions have adopted a range of administrative policies and tools to support economic development, including streamlined permitting programs and business assistance services. However, the effectiveness of these tools is often constrained by broader regulatory and fiscal frameworks, particularly the California Environmental Quality Act (CEQA) and Proposition 13, which influence land-use, infrastructure investment, and local revenue generation. This section provides a review of local policies, regulatory frameworks, and incentive program alignment, while identifying opportunities for strategic improvement in the design and delivery of business incentives.

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