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Small Business License Incentives

New Small Business License Incentives

Release Date: 2015-04-28

Start, Expand or Relocate Your Business in Long Beach. 

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.