Economic Development Coalition: Your Catalyst for Economic Growth In Southwest Riverside County

By: Sharjeel Sohaib

β€’ 

Jul 1, 2022

 β€’ 

Economic Development

Utilize Our Platform

Economic Development Coalition is a Californian non-profit organization. Its goal is to bring together public and private partners to capitalize on California’s comparative advantage to draw in business and support a high standard of living.

We Covered this in our Weekly Wire Roundup

Overview of the Economic Development Coalition (EDC)

The EDC is a non-profit organization established more than 30 years ago to support thriving businesses. They have the people and relationships to bring you from seeking to construction, whether you’re a local or new to California.

The EDC of California has been working with local governments and other organizations to accelerate the business community in California.

The organization’s goal is to improve the growth of the company and retention by fostering economic expansion and a favorable business climate that contributes to the region’s long-term prosperity. The Economic Development Coalition is trusted by businesses in Southwest California to take the lead in economic development to build a thriving, sustainable economy that offers high-paying employment.

Services Offered by Economic Development Coalition

California Competes Tax Credit: The income tax credit is given to companies who wish to move to, remain in, or expand in California. To determine whether your company qualifies, the EDC team offers no-cost consultations.

Advanced Transportation and Manufacturing Sales and Use Tax Exemption: Manufacturers who support alternative energy and advanced transportation are eligible for a complete sales and use tax exemption, according to the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA).

Research & Development Tax Credit: If a firm paid for or incurred qualifying research costs while engaging in qualified research activity in California, it may be eligible for an income tax credit. Wages, materials, and contract research fees are all examples of qualified research expenses.

ZEV Financing Opportunities: The state of California and local governments provide a range of incentives, financing choices, and grants to assist property owners, companies, and Californians in switching to zero-emission cars (ZEVs) and installing ZEV infrastructure with a qualified workforce. 

Economic Development Rate Program: This program offers exclusive utility savings to companies in California that need high energy loads to start up or maintain operations.

Workforce Training Funds: Companies can take advantage of a range of recruiting and tax incentive programs through On the Job Training Programs (OJT) and the Employment Training Panel. These programs can help a company hire new staff or improve the abilities of its present team.

Site Selection: EDC will use its network to locate the ideal site for you to launch or expand your business. Local companies profit from a culture that is supportive of business, a highly trained (and available!) labor force, conveniently accessible logistics and transportation, and a group of experts that are prepared to assist you in starting to expand right away. They won’t squander a minute of it because they are aware of how important your time is.

Conclusion

The EDC’s mission is to help businesses grow. The organization does this by offering services on a state level, ranging from member recruitment to marketing and workshops to government relations. The EDC works with big and small businesses and has proven to be effective for many regional companies.


In one of our previous news articles, we covered Entrepreneurs Exchange (TVE2), a business incubator and regional resource center supporting entrepreneurship.

TVE2 is a resource for entrepreneurs and small business owners that supports starting, growing, and expanding their businesses. They aim to provide an environment that fosters innovation, collaboration, and learning opportunities for entrepreneurs.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!


Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &Β  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.Β  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

The CHIPS and Science Act of 2022: A Paradigm Shift in US Semicon . . .

The CHIPS and Science Act of 2022: A Paradigm Shift in US Semicon . . .

On August 9, 2022, President Joe Biden signed the "CHIPS and Science Act of 2022," a groundbreaking legislation to reshape the United States' semiconductor industry and fortify its technological prowess. This act, formally known as the "Creating Helpful Incentives to...

DOE to Pump $126M in Small Businesses for R&D in Clean Energ . . .

DOE to Pump $126M in Small Businesses for R&D in Clean Energ . . .

To foster innovation in clean energy, the U.S. Department of Energy (DOE) will channel $126 million into research and development grants for 90 small businesses across 27 states. The project targets many mission areas, including clean energy, cybersecurity, fusion...

City of Riverside to Bring Ohmio’s Electric Autonomous Vehi . . .

City of Riverside to Bring Ohmio’s Electric Autonomous Vehi . . .

The City of Riverside, California, aims to become a hotspot for innovation by teaming up with Ohmio, an electric autonomous vehicle company from New Zealand. The plan is to have Ohmio set up its international headquarters and a cutting-edge manufacturing hub in...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of ourΒ  website.Β  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

0
My cart
Your cart is empty.

Looks like you haven't made a choice yet.