Tax Credits & Incentives

To survive and thrive, businesses will want to take advantage of existing tax credits and incentives to help their bottom line. Our Business Solutions Team can assist.

Enterprise Zone Tax Credit (State)
The State of California EZ program helps businesses reduce their state income tax liability by offering a hiring tax credit, a sales and use tax credit on up to $20 million in purchases of qualified new equipment each year, business expense deductions and preference points on bids for state contracts. Click here for answers to Frequently Asked Questions

California New Jobs Tax Credit (State)
Effective January 1, 2009, any small businesses (20 employees or less) not located in the Enterprise Zone that adds one or more full time positions in 2009 receives a $3,000 tax credit per position.

Work Opportunity Tax Credit (WOTC) (Federal)
Federal Hiring Tax Credits are available through the Work Opportunity Tax Credit (WOTC) program. WOTC provides a federal tax credit incentive of up to $9,000 for employers who hire qualified candidates from nine designated target groups. Click here for answers to Frequently Asked Questions.

HIRE Act Hiring Credit
Enacted into federal law March 18, 2010. Provides two new tax breaks to employers who have someone who has not worked more than 40 hours in the past 60 days. Click Here for more information.

Hire An Adult
Work-ready, pre-screened and highly motivated individuals are available now. Many available applicants would qualify your business for annual federal and state tax credits. Our business analysts will search for qualified job candidates based on your specific business needs. Simply post your customized job specifications here or, complete this job order formLink To PDF File and email or fax to 562.570.4551.

Hire A Youth
Work-ready, pre-screened and trained local youth are available to give your business the extra people power you want, and the significant annual federal and state tax credits you need. If your business needs flexible, cost-effective, pre-screened and qualified local youth applicants, our Youth Opportunity Center's Hire-A-Youth program is the ideal hiring solution. Simply post online directly, or call 1.866.848.3321.

HUBZone
The HUBZone (Historically Underutilized Business Zone) program provides federal contracting opportunities for qualified small businesses located in distressed areas. These contracting preferences go to small businesses that obtain HUBZone certification in part by employed staff who live in a HUBZone. The HUBZone helps to foster the growth of these federal contractors as viable businesses and, for the long term, helps to empower communities, create jobs, and attract private investment.
Are you in the Hubzone? Click here to find out

Retail Sales Tax Incentive
A Long Beach program available to a business for the period of time necessary to offset construction or improvement costs to a new expanded business and is not to exceed 15 years.

Site Assistance/Permitting
Location, location, location. Where to locate your business is a critical decision.

Business Loans/Financing
The City sponsors various loan programs to help businesses get started and grow. By making money available, business owners are able to create jobs and stimulate growth within Long Beach - making the city better for everyone.

Recovery Zone Facility Bonds
The City of Long Beach is accepting applications from parties interested in making use of Recovery Zone Facility Bond allocations for private development projects. Recovery Zone Facility Bonds are tax-exempt bonds designed to assist private companies and developers finance economic development projects located in Recovery Zones.

Facade Improvement Assistance
The Commercial Improvement Rebate Program provides rebates of up to $2,000 per business to commercial property owners and business owners to improve the exterior of their commercial properties along designated business corridors.

Start-Up Grant
The $2,000 Business Start-Up Grant is designed to encourage entrepreneurs to establish businesses along certain corridors within the City of Long Beach. The program provides a $2,000 reimbursement grant to eligible businesses on a first come-first served basis.

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