Tulare County EDC Update: September 29, 2023

Hello Nathan,

Welcome to the Tulare County EDC Update! This eNewsletter will give you an insight into the economic picture of Tulare County and let you know how the Tulare County EDC is working to grow businesses and create jobs here in the heart of the Central Valley. Let us know what you think and share this information with your friends!

It's nice to meet you.

Meet the Staff of Tulare County EDC!

President & CEO

Airica de Oliveira

[email protected]

Economic Development Manager

Shawna Bryant

[email protected]

Tulare County EDC awarded $25,000 grant from

Bank of the Sierra

The Tulare County Economic Development Corporation (TCEDC) is pleased to announce the receipt of a $25,000 grant from Bank of the Sierra. This significant contribution reaffirms the dedication of both organizations to fostering economic growth and prosperity in Tulare County.

“The Tulare County EDC shares our Bank’s goal of making its community better,” said Kevin McPhaill, President and CEO of Bank of the Sierra. “We could not imagine a better organization than the TCEDC to benefit from this grant as they continue to grow economic opportunities within Tulare County.”

"We are deeply grateful to Bank of the Sierra and their President, Kevin McPhaill, for their commitment to our organization and their recognition of the importance of economic development in our region," added Airica de Oliveira. "Their support will play a significant role in advancing our initiatives and making a positive impact on the residents and businesses of Tulare County."

If you are interested in becoming a TCEDC Partner,

contact Airica de Oliveira at [email protected] or call 559-625-3100.

You can read the full press release here.

Welcome Tulare County EDC Newest Partners!

#LocateTulareCounty

Check out another reason why Tulare County is California's most innovative location!

From July 2022 to July 2023, the County added 3,900 nonfarm jobs, a 2.8% increase. Education and Health Care have been the fastest-growing sectors in the County.

Data provided by Beacon Economics, Trends Report Q2 2023

The Valley CERF coalition hosted an in-person Regional Congress at the Visalia Convention Center on Wednesday, August 23rd. HRTC stakeholders across the four-county region and community members joined to learn what the Coalition has been up to and work collectively to transform the region.

News Updates

California Competes Tax Credit Applications Open

The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.

For fiscal year 2023-2024, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

January 2, 2024 – January 22, 2023

March 4, 2024 – March 18, 2024

Click here for more details!

Transportation and Manufacturing Sales and Use Tax Exemption

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) supports California's mission to provide financial incentives to cutting-edge companies by offering a sales and use tax (STE) exclusion to manufacturers that promote alternative energy and advanced transportation. These manufacturers create tens of thousands of high-paying, permanent jobs that bolster the state's economy. The STE Program is currently authorized through 2025.

Click here for more details!

Research and Development Tax Credit

This credit is based on the federal research credit, with modifications. You may qualify for this credit if you engaged in qualified research activities in California. The credit equals the sum of 15% of qualified expenses that exceed a base amount or 24% of basic research payments.

Click here for more details!

Legislation & Economic Development

State legislation plays an important role in economic development efforts. In partnership with CALED, the following link identifies legislation affecting California's economic development.

Click here to access the legislation watchlist.

Share-Worthy Wins & News

India has formally removed retaliatory tariffs on U.S. farm products, benefiting almonds, walnuts, apples, and more.

Click here for details.

The City of Visalia has been ranked 4th in trips recommended for Neurodiverse families by Travel + Leisure magazine.

Click here for details.

The City of Exeter welcomes O'Reilly Auto Parts. Plans to start construction is set to begin by the end of the year.

Click here to learn more.

South Valley Industrial Collaborative will host the 6th Annual South Valley Industrial Summit on Friday, October 6th, from 8 AM to 5 PM at the College of Sequoias Tulare College Center.

Click here for more details.

Fresno Pacific University offers a "Launchpad" to new business owners by helping entrepreneurs grow and start life-giving businesses through Micro-Enterprise Training.

Click here for details.

Workforce Investment Board of Tulare County is hosting the 2023 Innovators by Design on October 11th. This event provides a unique opportunity to discuss new ideas and strategize.

Click here for details.

Tulare County Crop Report Sept. 16

Tulare County's most recent crop report. To learn more about the agricultural industry visit the link below.

Read the report here.

If you have any economic development wins that you would like us to share, please send them to [email protected]

Tulare County Economic Development Corporation

(559) 625-3100

[email protected]

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