The City understands the importance of creating jobs and supporting economic development in the community. The City currently offers the following formal incentive programs. However, the City is willing to consider additional incentives to businesses that bring significant jobs and revenue to the community. In order to discuss a customized incentive program, please contact Amie Mendes, Economic Development Manager, at (209) 366-7100.
Governor’s 2013 Economic Development Initiative
On July 11, 2013, California Governor Edmund G. Brown Jr. signed legislation affecting business incentives in California. All Geographically Targeted Economic Development Areas (G-TEDA) tax incentives were repealed and three new incentives were created. Click here for more information.
Statewide Community Infrastructure Program (SCIP) The City of Galt has partnered with the California Statewide Communities Development Authority (California Communities) to offer developers in Galt a cost-effective option for funding development impact fees on both non-residential and residential projects through the Statewide Community Infrastructure Program (SCIP). Using SCIP can assist in project cash flow by providing low-cost tax-exempt financing of a variety of development impact fees. This also allows smaller projects to have access to tax exempt financing. Property owners also have the option to pay off the assessments at any time within the 30 year maximum period.
For questions related to SCIP, download the fact sheet or contact the Community Development Department at 209-366-7235.
Recycling Market Development Zone (RMDZ) Program
The City of Galt partnered with Cal Recycle and other communities in Sacramento County to form a regional RMDZ Program. The RMDZ Program is a business assistance program. Qualifying manufacturers in an RMDZ are eligible to receive low interest loans from the State. Companies in an RMDZ have access to other benefits, such as assistance locating recycled materials for processing and identifying new customers. The RMDZ program was designed to create an increase in market demand for local recycled material. The program also helps create jobs, can increase the tax base, reduce transportation costs of local recycled materials and reduce energy demands as many recycled content products use significantly less energy to manufacture than non-recycled content products.
To see if you qualify for the Program or for questions related to RMDZ Program, click on the following link to the Cal Recycle website http://www.calrecycle.ca.gov/rmdz/.