Riverside County is start-up friendly.

Numerous programs are available to support your growth including tax incentives, start-up assistance, and experts dedicated to aspiring entrepreneurs. 

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Discover the full range of Incentives and Programs for your start-up.

Small Business Development Consulting (SBDC)

Riverside County has several small business development centers that offer no cost, business consulting, training and other resources in a variety of areas like start up assistance, debt and equity funding, attracting and retaining customers, product commercialization and more to aspiring entrepreneurs and current business owners. Consultants are current and former small business owners, ready to assist you with even your most complex business needs. 

Coachella Valley Small Business Development Center

The Coachella Valley SBDC assists aspiring entrepreneurs and current business owners from the community of Cabazon east to the City of Blythe in Riverside County. Our local team of staff and business consultants represent a variety of backgrounds and industry expertise. Aside from our core services, our team possesses additional expertise in: restaurant, retail and franchise operations, manufacturing, interior design, merchandising, performance improvement, human resources and more.

California Made Program

CA Made is California’s labeling program for manufactured goods. The program is designed to encourage consumer product awareness and promote the purchase of products manufactured in California. 

Office of the Small Business Advocate

The Small Business unit serves as the primary advocate and resource provider for California’s small business community. The unit has four focus areas: advocacy, information gathering and dissemination, agency coordination, and business assistance. This work includes engaging with policy makers and stakeholders, providing educational services on issues directly affecting small businesses, working in collaboration with state agencies and departments, and assisting business directly with questions about available resources.

EPIC Small Business Development Center

UC Riverside’s EPIC SBDC provides individualized support to early stage tech entrepreneurs and companies in the Inland Empire to grow their businesses at no cost. Services include specialized consulting, training programs and workshops, access to capital and SBIR/STTR assistance. EPIC SBDC has a pool of seasoned professionals who serve as Entrepreneurs in Residence to provide business consulting to help you launch or grow you company.

Source Diverse Source Local

A public-private collaboration to strengthen inclusive procurement programs and build a resilient California- based supply chain. 

NEW EMPLOYMENT CREDIT

The purpose of the new employment credit is to hire a targeted population, groups that are from economically distressed areas with income earning opportunities between 150% to 350% of minimum wage. This is beneficial to employers because a tax credit is allowed for these new employees with certain criteria. The State will grant corporate income tax credit for employers with net increases in employment that hire qualified employees within qualified areas. 

FOREIGN TRADE ZONES

Riverside County offers a customs port of entry in Palm Springs as well as convenient access to customs facilities in the greater Los Angeles area. Businesses that import, export, and manufacture goods and services can realize significant financial and logistical benefits through the Foreign Trade Zone Program (FTZ). Riverside County Office of Economic Development offers companies that import raw materials, components, or finished goods, a free cost-benefit analysis to determine how substantial the savings can be for the company to join an FTZ. 

HUB ZONES

The Historically Underutilized Business Zones (HUB Zones) encourage economic development through the establishment of preferences. There are 44 HUB Zones in Riverside County that spans over the counties 7300 square miles in both small and large cities. 

OPPORTUNITY ZONES

There are 49 Opportunity Zones in Riverside County. Opportunity Zones are a new tool for community development. Established in the Tax Cuts and Jobs Act of 2017, Opportunity Zones provide tax incentives for investment in designated census tracts. California Opportunity Zones will support new investments in environmental justice, sustainability, climate change, and affordable housing. Investments in Opportunity Zones are made through Qualified Opportunity Funds. 

THE WORK OPPORTUNITY TAX CREDIT 

The Work Opportunity Tax Credit is a Federal income tax credit provided to private-sector businesses for hiring individuals from nine target groups who have consistently faced barriers to employment. 

New Markets Tax Credit Program (NMTC) 

New Markets Tax Credit Program (NMTC) provides a federal income tax credit for qualified equity investments in designated Community Development Entities (CDEs), e.g., community development financial institutions, such as banks, credit unions and venture funds. Substantially all the qualified equity investment must in turn be used to provide investments in low-income, under-served communities.