Your browser does not support JavaScript. Bakersfield, California and Kern County Economic Development: Financial
News Investor Login
Home
About Kern County About Kern EDC Targeted Industries Site Selection Investor Benefits
Site Selection > Incentives > Financial

Kern County Incentive Program - Rebates of property and sales/use taxes city incentives- additional financial assistance.

Kern Microenterprise Opportunity Program-financial and business assistance for businesses with fewer than five employees, which will benefit low to moderate income people in Bakersfield, Delano, Taft, and Wasco.

Economic Revitalization Manufacturing Property Tax Rebates - For expanding and new businesses that create at least ten, $10 per hour jobs.

Sales Tax Exemption - Five percent state sales tax exemption on purchase of tangible property for manufacturing, processing, refining, fabricating or recycling businesses.

Net Operating Loss Carryover - Businesses that experience a loss can carry the loss forward to next year to offset income in the following years.

Industrial Development Bonds - Used for assembling, fabricating, manufacturing or processing projects which create a product for sale, energy development projects, production, collections or conversion projects which manufacture or process recycled or reused products and materials.

Research & Development Credit  - Eleven to twenty-four percent state income tax credit.

Child Care Tax Credit - Credits against bank and corporations tax liability for start up costs of a childcare program or construction of childcare facility.

SBA 504 Loans - provides ninety percent real estate financing.

USDA Rural Development - Infrastructure grants, loan guarantees, rural economic development grants and loans.

Small Business Assistance - Small and start up business assistance, financing, business plans.

BRACE- Bakersfield Redevelopment Areas Cleanup Effort provides loans to small business for cleanup of hazardous substances on properties or in buildings within the City's redevelopment project area.

 
© kern economic development corporation  |  website design customsoft