Business Incentives
Business Incentives
The City of Ventura, in conjunction with other governmental agencies, offers various incentives for businesses that wish to start, relocate, or expand their business.
Site Selection Assistance
The City’s Economic Development and Revitalization Division is your resource for site location in Ventura. Division staff maintains current data on available properties and pertinent, site-specific permitting information.
Industrial Development Bonds
Manufacturing firms may qualify for tax-exempt and other forms of Industrial Revenue Bond Financing through various state agencies and agencies affiliated with the City of Ventura. The Economic Development and Revitalization Division can assist with application procedures.
Employee Recruitment and Training Incentives
The City’s Economic Development and Revitalization Division serve as a liaison to local job training and career centers. This relationship provides recruitment and screening services for qualified companies, including providing a pool of qualified applications for your consideration.
Business Assistance Program (BAP)
Financial assistance is available to businesses looking to relocate or expand their operations in Ventura. Commonly known as BAP, this City-sponsored program provides low-interest loans of up to $125,000. Loan funds can be used for façade and structural improvements, code compliance issues, and working capital needs.
Recycling Market Development Zone (RMDZ)
If your manufacturing business uses recycled-content materials for feedstock, you may be eligible for low-interest loans of up to $2 million. Loan funds can be used for equipment purchases, working capital, real estate acquisition, and site improvements. Other RMDZ benefits include tax reductions for the hiring of eligible workers and tax deferments for activities conducted at the Port of Hueneme. For more information, click here.
Redevelopment Agency Assistance
The City’s Redevelopment Agency provides assistance to development projects in the Downtown area. Types of assistance include land write-downs, the construction of off-site improvements, and parcel assembly. Contact the City’s Economic Development and Revitalization Division for more information.