Grow a Business

California’s businesses continue to expand and create jobs in a variety of industries, thanks to the entrepreneurial spirit and hard work of the Golden State’s business owners. Companies looking to grow in California can access site selection services, expansion incentives, and a variety of financing options to assist in their expansion.

Site Selection

The Governor’s Office of Business and Economic Development (GO-Biz) provides comprehensive CONFIDENTIAL services tailored to meet the needs of individual companies and consultants.

 

As a part of the site selection service, GO-Biz will analyze the factors affecting a company’s investment decision including taxes, human resources, training and workforce development, incentives, financing, utilities, permits, and specific real estate opportunities available in the state.

 

Additionally, GO-Biz serves as a company's liaison to California's regulatory agencies and local governments throughout the state.

 

If your company is looking to relocate or expand in California, please contact GO-Biz.

 

You can use the California Business Portal Mapping Tool to help decide where to locate and to learn about business assistance programs, workforce development organizations, entrepreneurship support, and regulatory boundaries located across the state.

 

Incentives

The State of California offers a variety of incentive programs to encourage business development and expansion in California. The Governor’s Economic Development Initiative, a $750 million investment in California’s businesses, includes the three programs described below. We also encourage you to to complete the “Incentives” section of the California Business Navigator or visit the “Incentives” page to learn more about other incentive programs.

 

California Competes: The California Competes Tax Credit is an income tax credit available to companies that want to come to California or stay and grow in California. Click here to learn more about California Competes.

 

New Employment Credit: The New Employment Credit is an income tax credit available to companies that hire full-time employees within designated geographic areas. Click here to learn more about the New Employment Credit.

 

Manufacturing and R&D Exemption: manufacturers and certain research and developers may qualify for a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases. Click here to learn more.

Financing

Through partnerships with local organizations and state programs, California helps business owners access the funding they need to expand their businesses. In addition to the programs featured below, we encourage you to visit the “financing” page to learn more about financing options.

 

Small Business Loan Guarantee Program – The Small Business Loan Guarantee Program provides “access to capital” that may not have been available to growing businesses without this guarantee.  This guarantee minimizes the credit risk for lenders, and makes it possible for new and existing businesses in California to qualify for small business loans. Click here to learn more.

California Capital Access Program – The California Capital Access Program encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. Click here to learn more.

 

Industrial Development Bonds - Industrial development bonds provide financing for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies. These bonds are issued by the Infrastructure Bank, the State Treasurer’s Office, local Industrial Development Authorities, or by Joint Powers Authorities

 

Export Financing Program – The Infrastructure Bank’s Export Financing Program helps provide loans to small businesses that sell goods in other countries through the Small Business Loan Guarantee Program. Click here to learn more.


Financial Development Corporations - Financial Development Corporations provide loan capital and other financial services to existing and start-up small businesses. Click here to learn more.

Get in touch

  • Address: 1325 J St., Suite 1800
  • Sacramento, CA 95814
  • Phone: (877) 345-4633
  • Email Us

About Us

The Governor’s Office of Business and Economic Development (GO-Biz) was created by Governor Edmund G. Brown Jr. to serve as California’s single point of contact for economic development and job creation efforts.  GO-Biz partnered with the State's Information Technology Leadership Academy 22 to create this website.

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