Governor¹s office of business and economic development

959 views

Published on

Sheppard Mullin, FACCSF and GABA have launched the Bootcamp Series:
This series is focused on the American/Californian business environment and is tailored towards founders, officers and managers (CEO, CFO, CTO, CMO) of startup companies and newcommers in the Bay Area.

We would like to share one part of the presentation (June 21th):
Accessing the California Market : Navigating the Federal, State and Local Government
for Incentives and Funding

Published in: Business, Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
959
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Governor¹s office of business and economic development

  1. 1. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JRAccessing the California Market : Navigating the Federal, State and LocalGovernment for Incentives and Funding
  2. 2. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR Justin Currie Project Manager, Bay Area www.business.ca.gov
  3. 3. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR ABOUT GO-BIZ:*California’s point of contact for economic development andjob creation efforts.*Offers a variety of services to businesses interested inCalifornia market: retention and expansion, site selection,permit streamlining, clearing of regulatory hurdles, smallbusiness assistance, international trade development, andmuch more.
  4. 4. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR CALIFORNIA BUSINESS INCENTIVES:*Employee Training & Job Placement Services Employee Training Panel & Workforce Investment Boards*California Tax Credits Enterprise Zone Hiring Tax Credit R&D Tax Credit Clean Tech Sales & Use Tax Credit*Innovation Initiatives iHub Program Stem Cell Research Initiative Million Solar Roofs Program
  5. 5. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JREMPLOYEE TRAINING & JOB PLACEMENT SERVICES: California Employee Training Panel (ETP)
  6. 6. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR EMPLOYEE TRAINING PANEL:ETP is a joint business-labor program funding training thatsupports the creation and retention of high-wage, high-skilledjobs.Created in 1983, ETP serves as the State’s premier economicdevelopment resource, targeting key industries includingmanufacturing, biotechnology, logistics and clean technology.Program information can be found at: http://www.etp.ca.gov
  7. 7. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR EMPLOYEE TRAINING PANEL:*Cash reimbursement for high-value training (Contracts up to$750,000.00)*Extremely employer driven (curriculum flexibility and multipletraining options)*Up to 200 hours of training per trainee*Simple online tracking, reporting, and invoicing
  8. 8. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JREMPLOYEE TRAINING & JOB PLACEMENT SERVICES: CALIFORNIA WORKFORCE INVESTMENT BOARDS (WIBs)
  9. 9. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JRCALIFORNIA WORKFORCE INVESTMENT BOARDS (WIBs):*49 Workforce Investment Boards throughout the state*Assist local businesses obtain access to federal funds &resources for employee placement and job training*On-the-Job Training Funds can provide employers up to50% of a new employee’s wages while they are being trainedfor a period of up to 6 monthsMore information can be found at: www.cwib.ca.gov
  10. 10. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR CALIFORNIA TAX CREDITS: *ENTERPRISE ZONE HIRING TAX CREDIT*RESEARCH & DEVELOPMENT TAX CREDIT*CLEAN TECH SALES & USE TAX EXEMPTION
  11. 11. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR CALIFORNIA ENTERPRISE ZONE PROGRAM:*42 Enterprise Zones throughout California*Incentives associated with locating business within an EZ include: Hiring Tax Credit (up to $37,440 credit per employee over 5 year period) Sales Tax credits on purchases of qualified equipment (up to $20 million per year) 15-year carryover of up to 100% of net operating lossesMore information can be found at: www.hcd.ca.gov/fa/ez/
  12. 12. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR RESEARCH & DEVELOPMENT TAX CREDIT:*Highest R&D Tax Credit in the United States*15% tax credit for all R&D conducted in-house*24% tax credit for all R&D sub-contracted withinCalifornia*Simplified filing process for obtaining credit- Form 3523Research Credit www.ftb.ca.gov
  13. 13. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR CLEAN TECH MANUFACTURING SALES & USE TAX CREDIT:California Alternative Energy & Advanced Transportation Authority(CAEATFA Program)SB 71- California Legislation authorizes State Treasurer’s Officeto allow certain clean tech companies to obtain sales & use taxexemption on the purchase of equipmentGO-Biz is able to facilitate initial stages of process on behalf of companyMore information can be found at: www.treasurer.ca.gov/caeatfa/
  14. 14. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR INNOVATION INITIATIVES: iHUB PROGRAMSTEM CELL RESEARCH INITIATIVE (Proposition 71) MILLION SOLAR ROOFS PROGRAM
  15. 15. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR INNOVATION HUBS (iHubs)*Established in 2010, the iHub Program seeks to promote California’sinnovative spirit through local partnerships with government entities,universities, businesses and venture capitalists*Focus on young , innovative companies (8 years old or less)*Anchored by a major university or research center in California*Foster innovation through the use of research centers, technologyincubators, business accelerators, and federal laboratories
  16. 16. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR STEM CELL RESEARCH INITIATIVE (Proposition 71)*Prop 71 established the California Institute for Regenerative Medicine(CIRM) in 2004*CIRM provides grants & loans to companies engaged in stem cellresearch and related development activities*$3 billion in mandated bond funding*$300 million a year allocated for research anddevelopment of stem cellsFor more information about CIRM funding opportunities please visit: www.cirm.ca.gov
  17. 17. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR MILLION SOLAR ROOFS INITIATIVE*California Solar Initiative (CSI)- established in 2006 with the goal of placingsolar panels on 1,000,000 roofs in California by 2016 www.gosolarcalifornia.ca.gov*The CSI budget- $2.167 billion between 2007-2016, goal to install 1,940 MWof new solar generation capacity*Provides funding for installation on existing homes and existing or newcommercial buildings*Provides grant funding for research, development, demonstration, &deployment of solar technologies ($50 million in funding available)
  18. 18. GOVERNOR’S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) STATE OF CALIFORNIA OFFICE OF GOVERNOR EDMUND G. BROWN JR Justin Currie Project Manager, Bay AreaGovernor’s Office of Business & Economic Development 415-557-0110 justin.currie@gov.ca.gov

×