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| | Both state and local incentives are available to businesses located in California Enterprise Zones, Targeted Tax Areas, Manufacturing Enhancement Areas, and LAMBRAs. Incentives supporting the location, expansion, and retention of businesses may include: - Tax credit of $36,000 or more over five years for each qualified employee hired
- Sales tax credits on purchases of up to $20 million per year of qualified machinery and parts
- Up to 100 percent net operating loss deduction and a 15-year carryforward
- Accelerated expensing of some depreciable property
- Net interest deduction for lenders to zone businesses
- Streamlined development process
- One-stop permitting
- Same-day inspections
- Employee training programs
- Deferred, reduced or waived fees
- Below-market site and/or leases
- Development liaison
- Business consultant services grants
- Micro enterprise programs
- Local financing
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