StateBook International®

The Definitive Site for Site Selection

Imperial Valley Economic Development Corporation

2415 Imperial Business Park Drive, Suite A
Imperial, CA 92251
P: +1 760-353-8332

Imperial Valley Foreign Trade Zone #257

Other
Start Date
End Date
Target Counties 1
Target Industries 2
Target Projects
The Imperial Valley Foreign Trade Zone provides financial and logistical incentives for domestic and foreign manufacturers as well as distributors that utilized imported raw materials, components, and finished goods.
Range of Benefits
Relief from Inverted Tariffs (Manufacturing) Duty Exemption (Exports) Duty Deferral (Cashflow) Weekly Entry (MPF Minimization) Unlimited Storage
Eligibility Requirements
-Businesses integrated with Logistics, International Trade, and Manufacturing.

California Competes Tax Credit

Professional Organizations
Start Date
End Date
Target Counties 1
Target Industries 1
Target Projects
California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California.
Administration
California Department of Finance, Go-Biz
Range of Benefits
Businesses that are established and choose to remain in California are eligible for tax credits.
Eligibility Requirements
Must be established and operating within the State of California.

New Markets Tax Credit

Other
Start Date
End Date
Target Counties 1
Target Industries 1
Target Projects
The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities.
Administration
The U.S. Department of Treasury: Community Development Financial Institutions Fund
Range of Benefits
The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.
Eligibility Requirements
Generated $8 of private investment for every $1 of federal funding Created 178 million square feet of manufacturing, office, and retail space Financed over 5,400 businesses

Did You Know?

  • The Imperial Valley is one of the fastest growing counties in the State of California offering a vast number of business opportunities along with a large number of trade possibilities.
  • The Employment Training Panel (ETP) has proven itself for 30 years as the state's premier program supporting job creation and retention, through training.
  • The ETP fulfills its mission by reimbursing the cost of employer-driven training for incumbent workers and funding the type of training needed by unemployed workers to re-enter the workforce.
  • California Competes Tax Credit The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California.
  • Imperial Valley Foreign Trade Zone #257 A foreign trade zone provides financial and logistical incentives for foreign and domestic manufacturers as well as distributors.
  • The New Markets Tax Credit Program (NMTC) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities
  • The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return.
  • HUBZone The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.
  • Benefits of HUBZone-certified companies include: -Competitive and sole source contracting -10% price evaluation preference in full and open contract competitions, as well as subcontract opportunities.

HUBZones Value
Qualified or Redesignated HUBZones
Census Tracts 13
County No
Indian Lands 1
Name
Torres-Martinez Reservation
Closed Bases None
Opportunity Zones
Census Tracts 7
Foreign Trade Zone Numbers
Imperial County, CA #257
Incentive Business Need Count
Incentives by State
California 22
Business management 1
Incentive Category Count
Tax 1
Capital access or formation 8
Incentive Category Count
Direct Business Financing 3
Direct Business Financing; Direct Community Financing 1
Indirect Business Financing 2
Indirect Business Financing; Direct Community Financing 1
Tax 1
Capital access or formation; Facility/site location 2
Incentive Category Count
Direct Business Financing 2
Capital access or formation; Facility/site location; Tax/Regulatory burden reduction 1
Incentive Category Count
Direct Business Financing 1
Product & process improvement 2
Incentive Category Count
Direct Business Financing 1
Tax 1
Product & process improvement; Tech & product development 1
Incentive Category Count
Direct Business Financing 1
Product & process improvement; Workforce prep or development 1
Incentive Category Count
Direct Business Financing; Direct Community Financing 1
Tax/Regulatory burden reduction 4
Incentive Category Count
Direct Business Financing 1
Tax 3
Tech & product development 1
Incentive Category Count
Tax 1
Workforce prep or development 1
Incentive Category Count
Direct Business Financing 1