Business Development

The Business Investment Services Unit works with companies to expand their presence in California by streamlining the site selection process and offsetting the cost of doing business with the use of local, state and federal incentives. Our team of veteran economic development professionals worked with hundreds of companies last year to assist in the creation and/or retention of over 6,000 jobs and over $750 million in capital expenditures.

Permit Streamlining
The Permit Assistance unit provides permit streamlining for business owners struggling with local, state and federal permitting for major job creating projects. For example, our team recently streamlined over 300 permits in just under 6 weeks for a regional restaurant franchise saving them significant time and money.

Small Business Assistance
The Small Business unit provides direct small business assistance to thousands of business each year with the help of our regional partners at the Small Business Development Centers. Over 95 percent of the +3500 assistance inquiries GO-Biz receives each year are from small business owners.

Innovation and Entrepreneurship
The Innovation and Entrepreneurship unit is the state’s primary point of contact for promoting California’s innovation infrastructure. It functions to develop an environment that encourages entrepreneurship, promotes long term economic growth and facilitates job creation through innovation. It also serves to convene key stakeholders needed to support GO-Biz activities throughout the state as well as stimulate entrepreneurship and the development of California’s innovation workforce.  This unit is primarily responsible for the administration of California’s Innovation Hub (iHub) Program.

International Affairs and Trade Development
The International Affairs and Trade Development unit provides critical support on issues relating to international trade and investment opportunities, foreign relations, international agreements and partnerships with the countries that have a friendly relationship with California. The unit collaborates with federal, local and international partners to identify and assist small to medium size companies in developing markets abroad for their products and services.

California Infrastructure and Economic Development Bank (I-Bank)
The California Infrastructure and Economic Development Bank (I-Bank) was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. The I-Bank operates pursuant to the Bergeson-Peace Infrastructure and Economic Development Bank Act contained in the California Government Code Sections 63000 et seq. The I-Bank is located within the Governor's Office of Business and Economic Development and is governed by a five-member Board of Directors.

The I-Bank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. The I-Bank's current programs include the Infrastructure State Revolving Fund (ISRF) Program, 501(c)(3) Revenue Bond Program, Industrial Development Revenue Bond Program, Exempt Facility Revenue Bond Program and Governmental Bond Program.

California Commission of Travel and Tourism
Visit California
is a not-for-profit, 501(C)(6) corporation formed in 1998 to work jointly with the State of California’s Division of Tourism to implement the annual Marketing Plan, which promotes California as a travel destination. While these two partners (Visit California and Division of Tourism) are separate legal entities, they are commonly referred to jointly as California Tourism.

From 1998 to 2003, California Tourism consisted of the originally conceived private-public joint marketing venture partnership of the Visit California and the State of California. The sole source of California tourism marketing budget is now directly derived from assessed businesses in the travel and tourism industry.

California Film Commission (CFC)
The California Film Commission (CFC) enhances California's status as the leader in motion picture, television and commercial production.  A one-stop office for filmmakers, the Commission supports productions of all sizes and budgets.  Services include film and TV tax credits, an extensive digital location library, free online permitting, low cost use of state properties as shooting locations, and production assistance.

California Small Business Loan Guarantee Program (SBLGP)
The purpose of the California Small Business Loan Guarantee Program is to encourage lenders to make small business loans that otherwise would not be made. Recognizing that small businesses are the backbone of the state’s economy and the main drivers of private job creation, the SBLGP enables small businesses to not only obtain a loan it could not otherwise obtain, but to establish a favorable credit history with a lender. With that, the business may obtain further loans on its own, without the assistance of the program.

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