The East Bay Economic Development Alliance (East Bay EDA) offers tax-exempt Industrial Development Bonds (IDBs) to manufacturing businesses to relocate or expand in the East Bay.
IDB Program Requirement:
IDB Program Benefits:
Want to know if you are eligible? Please contact Luis Aguilar, (510) 272-3889 or firstname.lastname@example.org
The Immigrant Investor Program (EB-5) is administered by the United States Citizen and Immigration Services (USCIS) and was created to stimulate the economy through job creation and capital investment by foreign investors. It is an employment-based immigration policy to permit alien entrepreneurs to invest in new job-creating enterprises in exchange for an expedited lawful permanent resident immigration status. Under this program, certain EB-5 visas are set aside for investor in Regional Centers designated by USCIS based on proposal for promoting economic growth.
The Employment Training Panel is a state agency funded by a tax on employers, collected alongside the Unemployment Insurance tax. ETP that reimburses employers for the cost of training their workers and upgrading their skills.
Manufacturing Equipment + Sales & Use Tax Exemption – Eliminates California portion of sales tax at the time of purchase.
New Employment Credit- California income tax credit available to employers for increasing jobs.
The California Competes Tax Credit – An income tax credit available to businesses that want to locate or stay and grow in California.
EDA works closely with Cal/EPA and other local partners to create the first Permit Assistance Center in the state, with continuous efforts to improve collaboration between business and regulatory agencies. One-stop permitting centers operating in the East Bay are an outgrowth of this effort (1995).
EDA resolves Port of Oakland channel dredging impasse by convening and building consensus among fishermen, conservation groups, shipping interests, and others to use spoils from dredging the channel 42 feet deep to create wetlands (1991). EDA continued support to dredge the Port of Oakland to 50 feet, enabling the newest and largest container ships to make deliveries directly from Asia and shorten the supply chain (2009).This effort increased the region’s competitiveness and brought in the biggest container ship to ever enter the San Francisco Bay (2012).
EDA convened key regional stakeholders to mitigate the Port of Oakland’s congestion impact on regional transportation corridors. This effort resulted in recommendations for relocation options for transportation and distribution facilities supporting the Port (2003).
In an effort to expand Bay Area rail service, EDA held discussions with Union Pacific to share the East Bay’s logistic needs. This resulted in Union Pacific expanding its tunnels in the Sierra Nevada that enables service by double-stacked rail cars and reduces delays caused by avalanches (2009).
EDA helped Miles Inc. /Cutter Biological, a Bayer subsidiary, obtain a precedent setting 30-year development agreement with the City of Berkeley, saving 650 jobs and generating hundreds of millions in new investment. The facility is now Bayer’s worldwide headquarters for biologics, employing 1,400 (1992).
EDA worked with three cities and the State to include Bayer’s facilities in Oakland’s Enterprise Zone. This effort created $10 Million incentive package that prevented Bayer from moving manufacturing out of the State and saving more than $100 Million in investment, as well as 1,400 jobs (2009).
EDA supported Kaiser Permanente with various site alternatives analyses to establish site requirements and evaluate alternatives for a new medical center in the Oakland-Emeryville area (1993).
EDA partnered with EDA member PG&E to pull businesses out of recession by training PG&E field staff to identify businesses in trouble or possibly relocating (1994).
EDA played a lead role in helping locate Hart Brewing (Pyramid Ale) in Berkeley: over $10 million invested and 110 new jobs created, while enhancing business clusters and development of the area (1996).
EDA initiated a series of international business retention and marketing trade missions that eventually include Japan, Korea, Hong Kong, Taiwan, and China (1998).
EDA played a large role in rescuing the existence of TeamCalifornia by volunteering to staff this entity when state staffing and fiscal support was lost. EDA coordinate its state marketing presence at industry tradeshows, ad campaigns, and online for three years until TeamCalifornia restructured to support and sustain itself (2003).
East Bay EDA was successful in obtaining ARRA stimulus funding by coordinating 3 Recovery Zone Facility Bond Projects totaling $26.3 Million, which impacted the cities of Fremont, Hayward, Newark and Alameda County (2010).
Years after the Loma Prieta earthquake, EDA worked with the city of Oakland, Citizens for Emergency Relief Team, and Caltrans on behalf of businesses relocating or otherwise impacted by the reconstruction of the Cypress freeway to resolve differences and reach an agreement on fair market compensation (1998).