Predevelopment MeetingsBusinesses planning to establish or expand their facilities in Poway are encouraged to arrange a pre-development meeting with Development Services and Economic Development staff to better understand City requirements for specific sites. This may help identify potential challenges, or efficiencies – doing so during the project design phase can save time, effort, and money, in the long run. To schedule a pre-development meeting, contact Craig Ruiz, Economic Development Administrator at firstname.lastname@example.org or (858) 668-4509.
The San Diego Workforce Partnership and our America’s Job Center of California (AJCC) network can help you hire and/or train qualified workers. The Workforce Partnership's Business Services Team will work with private businesses to determine the best approach in meeting your organization’s employment and training needs — at no cost. More information can be found at the San Diego Workforce Partnership website.
Manufacturers and certain research and developers may now obtain a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases through the State of California Manufacturing Exemption program. The Program, administered by the State of California’s Board of Equalization, provides qualified businesses a 4.19% sales and use tax exemption, for qualified purposes (4.19% is from the State’s portion of sales tax). Generally, the Program includes businesses engaged in all forms of manufacturing, research and development in biotechnology, research and development in the physical, engineering and life sciences, and food processing. The sales and use tax exemption can also be applied to construction contracts that will use the items purchased as an integral part of the manufacturing, processing, refining, fabricating or recycling processes, or as a research or storage facility in connection with those processes. For more information, click here.
Industrial Development Bond Financing
PACE financing allows property owners to fund energy efficiency, water efficiency and renewable energy projects with no up-front costs. PACE financing provides up to 100% financing of their qualified projects which can be paid back over time as a voluntary property tax assessment through their existing property tax bill. It allows up to 20% of a property’s value to be financed for energy efficiency, renewable energy, or water conservation upgrades. The financing creates an assessment lien on the property and is repaid as semi-annual installments on the property tax bill. Figtree Financing and California First Energy Financing provide PACE financing for commercial properties located in the City of Poway. For more information, click here.