The CALincentives team identified and executed on two key incentives that are making a substantial impact to our business and growth in California. We couldn’t have done it without them.
The experience we had with CALincentives was phenomenal. Alex’s unmatched knowledge and experience with CAEATFA was clear every step of the way. Alex and his team did the heavy lifting and we can’t imagine how we could have done this without them!
The team at CALincentives was a pleasure to work with. The tax incentives they secured for Vivotein will have an immediate and direct benefit to our bottom line.
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with California businesses to provide a variety of financial incentives. Through a competitive application and negotiation process for manufacturers, CAEATFA provides a 100% sales and use tax exclusion (STE) on the purchase of qualified manufacturing and R&D machinery and equipment. Manufacturers may qualify under any of the following general categories:
With $100M available annually, the CAEATFA STE allows an awardee to purchase qualified property associated with the activities above—completely free of California sales and use tax for a period of 36 months.
If you’re interested in learning more about how we can help your business through a CAEATFA STE award, please see our contact information below for a complimentary feasibility assessment. The CAEATFA STE program applies more broadly than most businesses believe.