Business Resource Guide

credit. Employers will claim the credit when they file their tax return. A total of $30 million of credit is available annually. For more information, visit: https://www.ftb.ca.gov/ file/business/credits/homeless-hiring-tax-credit/ index.html. Work Sharing at Employment Development Department (EDD) This program incentivizes keeping trained employees by minimizing or eliminating the need for layoffs if the business’s production or services have been reduced. https://www.edd.ca.gov/unemployment/Work_ Sharing_Program.htm Shovel-Ready EV Charging Projects $30 Million in Incentives Now Available for Shovel Ready EV Charging Projects Across California. The California Energy Commission (CEC) has launched a $30 million incentive project to bring fast electric vehicle (EV) charging stations to 30 counties in Eastern California, the Central Valley and the Central Coast. Applications are due by March 10. For more information, please visit: bit.ly/shovel-ready-ev STATE FINANCING California Infrastructure and Economic Development Bank (IBank) California cities, counties, joint powers authorities, and state government (through the California Infrastructure and Economic Development Bank) have the authority to offer low interest financing via tax exempt industrial revenue bonds to businesses for real estate acquisition, construction of manufacturing facilities, and equipment. For more information on CIEDB, visit: https://www.ibank.ca.gov . The California Small Business Loan Guarantee Program (SBLGP) 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.

The Small Business Loan Guarantee program is available to small businesses throughout the state of California and serves hundreds of small businesses each year. For more information on SBLGP, visit: https:// ibankca.gov/small-business/loan-guarantees. California Capital Access Program (CalCAP) Through a form of loan portfolio insurance, the California Capital Access Program (CalCAP or Program) encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. Air Resources Board (ARB) On-Road Heavy-Duty Vehicle Air Quality Loan Program Loan insurance on a maximum of $1.5 million for the purposes of acquiring new trucks and buses, newer used trucks and buses, and retrofits. SmartWay aerodynamic technologies can be financed as well. For more information on ARB, visit: www.treasurer.ca.gov/cpcfa/calcap/arb. Tax-Exempt Bond Financing Program The Pollution Control Tax-Exempt Bond Financing Program provides California businesses with tax-exempt bond financing for the acquisition, construction, or installation of qualified pollution control, waste disposal, waste recovery facilities and the acquisition and installation of new equipment. For more information on the Tax-Exempt Bond Financing Program, visit: http://www.treasurer.ca.gov/ cpcfa/bondfinancing.asp. Industrial Development Bond Financing Provides small to medium-sized manufacturers money for land purchases, building construction, facility expansion, new production equipment acquisition, and solar and energy conservation retrofits. Benefits of IDB financing include below market interest rates, and long-term financing. For more information on CalCAP, visit: www.treasurer.ca.gov/cpcfa/calcap.

https://ibank.ca.gov/bonds/industrial-development-

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