City of Los Angeles Incentives

Tax Credits

City of Los Angeles Section 108 Loan Program

This loan program has been established to facilitate larger real estate based projects that will result in the economic and physical revitalization of the City of Los Angeles. Funds are intended to finance real estate acquisition, construction or other related project costs whose objective will benefit low and moderate income communities through job creation or retention.

City of Los Angeles Renewal Community

The Renewal Community creates business and community revitalization through Federal tax credits and incentives. The Renewal Community covers 9.5 sq. miles inclusive of Pico Union, Chinatown, Downtown's garment and jewelry districts, and South Central Los Angeles.

LA County Recycling Market Development Zone (RMDZ)

The RMDZ is a low-interest loan program &technical assistance for manufacturers who use recycled material or process recycled material into a form usable to manufacture a new product. It also helps businesses that reuse post-consumer secondary materials and add value to recycled materials.

Zone areas are unincorporated LA County &cities of Burbank, Carson, Compton, Commerce, Covina, El Monte, Glendale, Huntington Park, Los Angeles, Lynwood, Montebello, Pasadena, South El Monte, South Gate, Long Beach, and Vernon and Santa Clarita.

Work Opportunity Tax Credit (WOTC)

Tax credit to employers who hire members of the eligible target groups such as CalWORKs recipients, veterans receiving food stamps, ex-felons, high-risk youth, etc. The Work Opportunity and Welfare-to-Work Tax Credit (WOTC) promotes the hiring of individuals who qualify as members of target groups, by providing a federal tax credit incentive of up to $8,500 for employers who hire them.

Welfare to Work Tax Credit (WWTC)

Federal income tax credit that encourages employers to hire long-term welfare recipients who begin work any time after December 31, 1997, and before January 1, 2002. The welfare to Work tax credit can reduce employers federal tax liability by as much as $5,500 per new hire.

Utility Programs

Energy Conservation & Rebate Programs

Southern California Edison offers a number of programs to help qualifying businesses reduce energy usage and lower electricity costs; SCE energy efficiency &Savings By Design.

LA Department of Water &Power (LADWP)

LADWP offers a variety of rate reduction programs for qualifying businesses in the City of Los Angeles