In addition to assisting companies in obtaining low-interest, long-term, fixed-rate loans offered through the RMDZ program, Hesperia RMDZ staff can assist companies through a wide variety of incentives.
On Aug. 19, 2009, the City of Hesperia received conditional designation for the Hesperia Enterprise Zone (EZ). Hesperia EZ benefits and program administration will be available to new and existing businesses seeking significant state tax benefits. These benefits include hiring credits, sales or use tax credit, business expense deduction, net operating loss, net interest deduction, employee wage credits, and state contracts preference.
Hesperia RMDZ staff works closely with the Hesperia Community Redevelopment Agency to offer substantial incentives to businesses. These include:
- Fee Gauged Incentive (FGI)--offering qualified projects financial assistance that may be used to reduce development fees;
- Waiver of loan city/agency loan origination fees;
- Targeted gap financing through tax allocation bonds;
- Green-bate©--a rebate equal to the amount of the cost to incorporate green technology into a new or rehabilitated facility design, up to and including LEED certification;
- Franchise Founders Program©--benefits include training reimbursement, reimbursement of initial franchise fees, permit reimbursement; and
- Brokers’ Incentives Program©--up to $50,000 per eligible transaction in matching real estate commissions encourage real estate professionals to consider Hesperia first when presenting site or building opportunities to industrial, retail and commercial clients.
The Hesperia RMDZ offers other innovative incentives to businesses, which consist of:
- Pre-development roundtables;
- Referrals to workforce, training, and employment agencies to facilitate hiring;
- Orchestrate tours of available sites/buildings;
- Free small business counseling provided by the Inland Empire Economic Partnership (IEEP) Small Business Development Center;
- Direct lending and/or coordination with other funding sources (including private sector banks);
- Coordination with ports, foreign trade zones, railroads, and utility companies;
- Section 108 Revolving Loan Funds for gap financing; and
- Co-op advertising.