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 All Geographically Targeted Economic Development Areas (G-TEDA) tax incentives were repealed and three new incentives were created.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 recognizes the need to stimulate economic growth within the City. The development fees imposed on non-residential development projects can be significant and act as a barrier to such development. The City typically requires that these fees be paid at the time a building permit is issued. Instead of requiring these fees to be paid at the time a building permit is issued, the non-residential fee deferral program would allow for certain development fees to be paid prior to the time a certificate of occupany or final inspection, which ever occurs first, thereby providing a significant financial incentive to the project.
Click here for the complete Non-Residential Fee Deferral Program
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/.