Posted in CIG Tax Insights on October 19, 2018
Vernon, Calif. – Last Friday, after 6+ years of dreaming, planning, investing, procurement and construction, rPlanet Earth officially opened the doors to its 302,000-square-foot recycling and manufacturing plant in the City of Vernon. rPlanet Earth’s one-of-a-kind, 80 million pound capacity facility takes in bales of post-consumer PET and processes them into bottle preforms, sheet and… read more
Posted in CIG Tax Insights on August 22, 2018
Yesterday, three companies, including one represented by California Incentives Group were awarded a sales and use tax exclusion (STE) agreement from the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA). For the remainder of 2018, less than $27 million remains available with this first-come-first-serve negotiated incentive. As a recap, CAEATFA provides select manufacturers a 100%… read more
Posted in CIG Tax Insights on July 30, 2018
As a follow up to our article last month, today marks the opening day for the recently extended [and modified] California Competes Tax Credit (CCTC) program. With $70 million available, the state is seeking to award worthy businesses seeking to grow jobs and investments in California.
Posted in CIG Tax Insights on July 26, 2018
To promote in-state high-tech manufacturing, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides select manufacturers a 100% sales and use tax exclusion (STE) on purchases of qualified tangible property.
Posted in CIG Tax Insights on July 19, 2018
FPIP will award $60 million to food processors1 upgrading their operations to reduce GHG emissions. These funds will be negotiated and awarded through a competitive process.
Posted in CIG Tax Insights on June 11, 2018
Similar to a professional athlete working on a new contract, the California Competes Tax Credit (CCTC) administered by the Governor’s Office of Business and Economic Development (GO-Biz) is on the cusp of inking a five year, $900M extension.