New Small Business License Incentives
Release Date: 2015-04-28
Start, Expand or Relocate Your Business in Long Beach.
- Full version of the Small Business License Incentive flyer
- Application
INCENTIVE TO RELOCATE OR EXPAND A SMALL BUSINESS
•Approximately $350-$520.
•Qualification: A small business who relocates from outside of Long Beach or adds an additional location in Long Beach.
•Example: Incentive amount equal to the amount of first year's business license tax for new or expanded location. Paid as a credit against first year's business license tax bill.
INCENTIVE TO SUPPORT MANUFACTURING
•Approximately $700-$860.
•Qualification: A small manufacturing business starts in, or relocates to, Long Beach.
•Example: Incentive amount equal to the amount of first two years business license tax for the new location. Paid as a credit against the business license tax bill and applied over two years.
INCENTIVE TO CREATE JOBS
•Approximately $36 to $70 per employee added.
•Qualification: Currently licensed small business adds employees.
•Example: Incentive amount equal to four times the amount of incremental license tax for each new employee for the current year, based on before and after business license headcount. Paid as a credit against the current year's business license tax bill.
INCENTIVE FOR RENOVATION AND CONSTRUCTION
•Approximately $700 to $1,035.
•Qualification: A small business making renovation or construction of improvements, paid for by the small business and not by its landlord or others.
•Example: Incentive amount equal to the amount of one year of the current business licesnse tax for the business, if the total value of the renovation or construction exceeds $2,000. Paid as a credit against the business license tax bill.