Tulare County EDC Update: August 29, 2025 | | |
Hello ,
Welcome to the Tulare County EDC Update! This e-Newsletter 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
airica@tularecountyedc.com
| | |
Economic Development Manager
Shawna Bryant
shawna@tularecountyedc.com
| | |
Central Valley New Markets
Tax Credit (CVNMTC)
Information Session
| | Join Tulare County Economic Development Corporation (TCEDC), Classic Lakes, US Bancorp, & Central Valley New Markets Tax Credit (CVNMTC) for an exclusive information session on September 9, 2025. | Learn More | | |
#LocateTulareCounty
Check out another reason why Tulare County is California's most innovative location!
| | |
Consumers and business spending in Tulare County continue to retreat from post-pandemic highs. Tax receipts totaled $27.6 million in the third quarter of 2024, a 4.9% decline over the same period in 2023. Sales tax receipts declined for the County and State Pool, falling by -8.6% from the third quarter of 2023 to the third quarter of 2024.
Source: HdL Companies. Analysis by Beacon Economics, March 2025
| | |
Sierra San Joaquin Jobs (S2J2)
Check out a new site addition to Tulare County EDC's
| | |
In 2023, the Sierra San Joaquin Jobs (S2J2) coalition launched an intensive, community-driven process to identify regional goals and economic opportunities aligned with the State of California’s Jobs First objectives.
The TCEDC's role as the regional table representative for Tulare and Kings counties includes reviewing and approving guidelines for Catalysts RFPs, which serves as a conduit for feedback from Tulare and Kings counties to the local tables. To learn more or provide interest/expertise in the S2J2 framework, visit our website | Learn More
| |
California Competes
The California Competes Tax Credit is a competitive, non-refundable income tax credit administered by GO-Biz to attract, retain, or expand businesses in California. Applicants negotiate 5-year agreements tied to job creation, wages, and investment benchmarks. Before each application period, GO-Biz hosts online webinars about the California Competes program. Each webinar consists of a 45-minute presentation, followed by a question-and-answer session.
| | | Application Periods | Committee Meetings | Amount of Tax Credits Available to Award | | July 21, 2025 through August 11, 2025 | November 12, 2025 | $308 million in tax credits available | | January 5, 2026 through January 26, 2026 |
April 30, 2026 | $308 million in tax credits available | | March 2, 2026 through March 16, 2026 |
June 18, 2026
| $306.6 million in tax credits available plus any remaining unallocated amounts from the previous application periods | | | 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 thousands of 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 15% of qualified expenses that exceed a base amount or 24% of essential research payments.
Click here for more details!
| Legislation & Economic Development | |
State legislation plays an essential 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.
| CA Sets a New Record in Clean Energy Expansion | In 2024, California added a staggering 7,000 MW of new clean energy capacity - the most significant single-year increase ever and marking the third consecutive year of record-setting growth. By 2040, an additional 75,000 MW of clean energy is expected online. | Learn More | CA Tops the Nation for Fortune 500 Headquarters | California has clinched the #1 spot for the highest number of Fortune 500 companies - 57 in total - surpassing longtime leaders Texas and New York. Plus, #1 in business starts, venture capital, and AI innovation. | Learn More | | |
Tulare County supervisors approved rezoning 718 acres northwest of Goshen to mixed-use industrial and commercial, including a proposed 3.85 million sq ft industrial park along Highway 99.
Click here for details.
| | |
Georgia-based AGCO is investing millions in its West Coast operations with a new, expanded parts distribution center. Expanding its Visalia distribution operation.
Click here for details.
| | |
Tulare's first business accelerator, the Tulare Business Innovation Zone (TBIZ), has opened in the renovated historic courthouse, offering private offices, training, and mentorship to support small business growth.
Click here for details.
| | |
Self-Help Enterprises secures almost $2 million, assisting the nonprofit's goal of building 80 affordable housing units. The grant will allow Self-Help to partially fund housing at the Rancho Colegio rental community.
Click here for details.
| | |
The Tulare County Board of Supervisors has used eminent domain to acquire land from a Three Rivers property owner for the upcoming Mineral King Bridge project, marking a significant milestone in local infrastructure planning.
Click here for details.
| | |
A Lightcast study found that California's 116 community colleges contribute over $173 billion to the state economy each year. Over $16 billion in operations, including payroll and goods and services, added income, and supported over 53,000 jobs.
Click here for details.
| | | |
Tulare County Crop Report Aug 23
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 airica@tularecountyedc.com | | Learn more about Tulare County by checking out our A "Different" California brochure! | | | | | |
