05/24/2022

State Treasurer Wants a One-Stop Shop for Business Incentives

State Treasurer John Chaing wants to create a single online contact for businesses to see what California tax credits and other government incentives are available to them.

The proposed California Business Incentives Gateway site would allow employers to submit company details as filtering criteria to receive a list of applicable incentives.

“You would have the experience of putting things in your shopping cart and getting customized” results, said Chiang spokesman Marc Lifsher.

State officials hope to launch an early version of the website in December. The initial website would include incentives from all the boards and commissions related to the state treasurer’s office, Lifsher said. Over time, the plan is to include incentives offered by other state agencies and local governments.

State and local governments in California provide thousands of different incentives to help businesses, including site-selection services, targeted tax breaks, fee waivers and reduced utility rates, according to a report from the treasurer.

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