Category: Local Incentives
Tracy is committed to a strong, growing business climate. Businesses locating in Tracy will enjoy working in an economic environment with knowledgeable professionals readily available to make the development and permitting processes seamless. A wide range of business-friendly services= and financial incentives are available to companies choosing to locate here.
Technology & Innovation based industry (Tech Based) research and development, advanced manufacturing, and services are highly desired economic activities. The Tech Based workforce is highly paid, possesses strong skills, and has a higher educational attainment. Diversifying the local economy to include Tech Based businesses benefits the city’s job growth, educational attainment, STEM (Scientific, Technology, Engineering, and Mathematics) programs, sales tax base, and quality of life. The Technology & Innovation Based Incentive Program aims to increase the viability of current and future Tech Based businesses in Tracy. It is intended to provide various incentives to eligible Tech Based companies interested in locating within the Tracy city limits and existing Tech Based companies in Tracy who are interested in expanding.
Program incentives include:
- Expedited Plan Review Rebate (up to $5,000)
- Use Tax Rebate (up to 50%)
- Building & Planning Rebates (75%, up to $20,000; Planning Division permits maximum rebate $10,000)
- High Wage Incentive ($1,000 per eligible employee/per year, up to 5 years)
Disclamier: All financial incentive agreements and performance contracts must be approved by the Tracy City Council and are available on a first-come, first-served basis until all designated funds have been exhausted.