Congressman Honda's Small Business Resource Guide
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Transcript of Congressman Honda's Small Business Resource Guide
SmallBusinessResourceGuide
U.S.REPRESENTATIVEMIKEHONDACalifornia’s17thCongressionalDistrict
March2016
The Office ofCongressmanMikeHonda
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TableofContentsIntroduction ............................................................................................................................................................................ 4
CongressmanHondaServicesforSmallBusinesses .............................................................................................................. 5
LettersofSupportfromCongressmanHonda .................................................................................................................... 5
GrantLetterRequestForm ................................................................................................................................................. 6
Casework ............................................................................................................................................................................. 7
SmallBusinessResources .................................................................................................................................................... 8
FederalSupport ...................................................................................................................................................................... 9
SmallBusinessLoans ........................................................................................................................................................... 9
1) 7(a)LoanProgram ................................................................................................................................................... 9
2) CDC/504Loan ........................................................................................................................................................ 10
3) DisasterLoan ......................................................................................................................................................... 10
4) ExportExpressLoans ............................................................................................................................................. 11
5) ExportTransactionFinancing ................................................................................................................................ 11
6) InternationalTradeLoans ..................................................................................................................................... 12
7) MilitaryReservistsLoan ........................................................................................................................................ 12
8) PatriotExpress&PilotPrograms .......................................................................................................................... 13
9) Microloans ............................................................................................................................................................. 13
TechnicalSupportandDevelopmentPrograms ................................................................................................................ 15
1) SiliconValleyBusinessSourceCenters .................................................................................................................. 15
2) SmallBusinessDevelopmentCenters(SBDCS) ..................................................................................................... 16
3) Women’sBusinessCenters ................................................................................................................................... 16
4) DepartmentofDefenseProcurementTechnicalAssistanceProgram(PTAP) ...................................................... 16
5) SiliconValleyServiceCorpsofRetiredExecutives(SCORE) .................................................................................. 17
CapitalAccessPrograms .................................................................................................................................................... 18
1) SmallBusinessAdministrationPrograms .............................................................................................................. 18
TaxIncentives .................................................................................................................................................................... 20
1) AlternativeMinimumTaxExemption ................................................................................................................... 20
2) AmortizationofBusinessStart-UpCosts .............................................................................................................. 21
3) NetOperatingLosses ............................................................................................................................................. 21
4) PartialExclusionofCapitalGainsonCertainSmallBusinessStock ...................................................................... 21
5) LossesonSmallBusinessInvestmentCompanyStockTreatedasOrdinaryLosseswithoutLimitation .............. 221 |Page Small BusinessResourceGuide
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6) RolloverofGainsintoSpecializedSmallBusinessStock ....................................................................................... 22
7) UniformCapitalizationofInventoryCosts ............................................................................................................ 23
8) SimplifiedDollar-ValueLIFOAccountingMethodforSmallFirms ........................................................................ 23
9) TaxCreditforPensionPlanStar-UpCostsofSmallFirms ..................................................................................... 23
10) TaxCreditforCostofMakingaBusinessMoreAccessibletotheDisabled ..................................................... 24
GrantPrograms ................................................................................................................................................................. 25
SmallBusinessAdministration .......................................................................................................................................... 25
1) SmallBusinessInnovationResearchAwards(SBIR) .............................................................................................. 25
2) SmallBusinessTechnologyTransfer(STTR)Awards ............................................................................................. 26
UnitedStatesDepartmentofTransportation ................................................................................................................... 27
1) ProcurementAssistanceDivision .......................................................................................................................... 27
LocalFundingOpportunities. ............................................................................................................................................... 30
CaliforniaSmallBusinessLoans ......................................................................................................................................... 30
1) CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)Programs ..................................... 30
2) IndustrialDevelopmentRevenueBond(IDB)Program ........................................................................................ 31
3) RecyclingMarketDevelopmentZone(RMDZ)RevolvingLoanProgram .............................................................. 32
4) ReplacementofUndergroundStorageTank(RUST)Program–Loans ................................................................. 33
5) CaliforniaCapitalAccessProgram(CalCAP) .......................................................................................................... 34
6) SmallBusinessLoanGuaranteeProgram .............................................................................................................. 34
7) SmallBusinessPollutionControlTax-ExemptBondFinancingProgram .............................................................. 35
CaliforniaTechnicalSupportandDevelopmentProgramsforSmallBusiness ................................................................. 37
1) CaliforniaGetYourBusinessOnline ...................................................................................................................... 37
2) BusinessMatchmaking .......................................................................................................................................... 37
3) SiliconValleyServiceCoreofRetiredExecutives(SCORE) .................................................................................... 38
4) DisabledVeteranBusinessEnterprise(DVBE)andSmallBusiness(SB)CertificationPrograms .......................... 38
5) DisadvantagedBusinessPrograms ........................................................................................................................ 39
CaliforniaSmallBusinessTaxIncentives ........................................................................................................................... 41
1) EnterpriseZoneProgram ...................................................................................................................................... 41
2) LocalAgencyMilitaryBaseRecoveryArea(LAMBRA) .......................................................................................... 43
3) OtherTaxIncentives .............................................................................................................................................. 44
CaliforniaSmallBusinessGrants ....................................................................................................................................... 45
1) InnovativeCleanAirTechnologies(ICAT)Program ............................................................................................... 45
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2) ElectricProgramInvestmentCharge(EPIC) .......................................................................................................... 45
3) TheBuyCaliforniaInitiative .................................................................................................................................. 46
4) TireGrantProgram ................................................................................................................................................ 47
5) ReplacementofUndergroundStorageTanks(RUST)Program–Grants .............................................................. 48
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Introduction
DearFriend,
Smallbusinessesaretheengineofoureconomy–that’swhyI’mproudtosupportsmallbusinessesasyourMemberofCongress.AstheLeadDemocraticMemberoftheCommerce,Justice,ScienceAppropriationsSubcommittee,I’mworkingtoboostsupportfortheDepartmentofCommerce’sworktocreatetheconditionsforeconomicgrowthandopportunity.
HittingthegroundrunningonthefirstweekofthisCongress,Iintroducedfourbillsdesignedtohelpstart-upand
smallbusinessescreatejobsastheyworktofurtherexpandSiliconValley’sinnovationeconomy.Companiesonthebrinkofbreakthroughsthatwillimprovethelivesofmillionsofpeopleneedassistancetostayinbusinessuntiltheycanbeginturningaprofitontheirinnovations.Thejobsthesebusinessescreatewillhelpreducetheincomeinequalitythatishurtingouroveralleconomy.
Additionally,myjobistoserveyouasaliaisonwiththefederalgovernment–oftentolesserknownresources.My
officesinSantaClara,CAandWashington,D.C.arebothavailabletoassistyou,whetherit'sfollowinguponapendingvisaapplication,resolvingdifficultieswithshipmentsincustoms,inquiringaboutfederalloansorregulations,orprovidingaletterofsupportwhenyouareseekingafederalgrant.Mystaffcanconnectyouwithfederalresourcesandagenciesthatassistsmallbusinessesandentrepreneursonarangeofissues,includingbusinessregulations,financing,governmentcontracting,exportassistance,andoverseasinvestmentopportunities.
Caseinpoint:MystaffhelpedMark,aCA17resident,aftertheIRSerroneouslylevieda$34,000taxagainsthisclosedcompany.WeworkedwiththeIRSforfourmonthsuntilhisentirepenaltywasabated.WealsohelpedMaria,alawfulpermanentresident,whenhersonswerestillpetitioningtobecomelawfulpermanentresidents.MystaffinquiredandMaria’ssonsimmediatelyreceivedemploymentauthorizationandwereabletostartwork.YoucancontinuetocountonmyservicesandcommitmenttolegislationtosupporttheentrepreneurialspiritanddynamiceconomyofSiliconValley.
FormoreinformationonhowIcanhelpyourbusiness,
pleasevisithttp://honda.house.gov/services/business-assistanceSincerely,
MikeHondaU.S.HouseofRepresentatives
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CongressmanHondaServicesforSmallBusinesses
LettersofSupportfromCongressmanHonda
WhileCongressmanHondadoesNOTdecidewhichorganizationsareawardedgrantsorotherfederalfunding,thereareinstancesinwhichitisappropriatefortheCongressmantowritealetterofsupportforanapplication.Ifyouwishtorequestaletterofsupportforyourapplication,youmustsupplyCongressmanHondawiththefollowing:
1. Adescriptionofyourorganization,2. Asummaryoftheapplication,3. Adescriptionofwhatthemoneywillbeusedfor,and4. Adraftletterofsupport
Pleasesendthisinformationviatheformonpage6(GrantLetterRequestForm)toHonda.district@mail.house.govorbymailtoeitherourdistrictofficeorourofficelocatedinWashington,DC:
Washington,DCOffice1713LongworthHouseOfficeBuildingWashington,DC20515Phone:202-225-2631Fax:(202)225-2699
DistrictOffice900LafayetteStreet,Suite206SantaClara,CA95050Phone:(408)436-2720Fax:(408)436-2721
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GRANTLETTERREQUESTFORM
Requestswillbereviewedwithintwobusinessdays.Ifapproved,grantsupportlettersaretypicallyavailablewithin5businessdaysYouMUSTprovideadraftgrantsupportletteratthetimeoftherequest.
GrantApplicantInformation
• Organization/Agency: • ContactPerson/Title: • Address: • Telephone: • Fax: • Email:
GrantorInformation
• Organization/Agency: • ContactPerson/Title: • Address: • Telephone: • Fax: • Email:
GrantInformation
• TitleofGrant:
• TitleofProject/Program:
• AmountRequested: • BriefDescriptionofProject/Program:
• TargetCommunity(Whowillbeserved?):
MailingInstructionsSendletterto: Grantor GranteeMethod: USMail Fax Email(scanned)Pickup Other Address(ifdifferentthanabove): GrantApplicationDeadline: GrantLetterReceiptDeadline: AdditionalInformation
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Casework
Ifyouhaveencounteredaprobleminvolvingafederalgovernmentagencyorfederallysubsidizedbenefitthatyouhavenotbeenabletosuccessfullyresolve,CongressmanHonda’sstaffofconstituentliaisonsmaybeabletoassistyouinthefollowingareas:
EmploymentIssues:includingassistancewithdisabilitybenefits,employer-providedhealthcareplansandCOBRA,FamilyMedicalLeaveAct(FMLA)benefits,pensions,unemploymentbenefits,FederalandStateWorkersCompensationclaimsandretirement-relatedissues.
ConsumerAffairs:includingassistanceobtainingahomeloanmodificationundertheMakingHomeAffordableProgram,insuranceclaims,dissatisfactionwithconsumerproductsorservices,environmentalregulationsandconcernsregardingairquality,waterorlandcontamination.
ImmigrationIssues:includingissueswithvisitorvisas,familyandemploymentbasedvisas,lawfulpermanentresidentstatus,naturalization,internationaladoptions,detention,passports,customsandborderissuesandassistancetoAmericanCitizensincrisisabroad.
VeteranIssues:includingissueswithVApensionanddisabilitybenefits,educationbenefits,veteranburialorfuneralissuesandissuesregardingtheVAmedicalcenters.
IRSIssues:includingconnectingconstituentswiththeTaxpayerAdvocateServicetoaddressfederaltaxissuesincludinglostordelayedtaxrefunds,penaltyabatements,paymentinstallationplans,taxcredits,referralstoIRSLowIncomeTaxClinicsandpapertaxforms.
MilitaryIssues:includingissuespertainingtotheDepartmentofDefense,Army,Navy,MarineCorps,AirForce,CoastGuard,ReservesandCaliforniaNationalGuard,aswellasobtainingmilitaryrecords,medalsandacademynominations.
HealthCareIssues:includingissueswithMedicareandMedicaid,healthinsurance,insuranceproviders,nursinghomes,hospitals,andprescriptiondrugs.
SocialSecurity:includingissueswithSupplementalSecurityIncome,SocialSecurityDisability,survivors’benefits,andretirementbenefits.
SocialServices:includingissueswithfoodstamps,HEAP(low-incomeheatingprogram),FEMAanddisasterrelief,andissuesrelatedtofederallysubsidizedhousing.
Pleasevisitthe“Services”sectionofwww.honda.house.govorcall(408)436-2720forfurtherinformation.Pleasenotethatifyouareseekingassistancewithacasethatinvolvesalawsuitorlitigation,HouseRulesprohibittheOfficeofCongressmanHondafromgivinglegaladviceorinterveningintheproceeding.
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SmallBusinessResources
1. ForSmallBusinessresourcesspecifictoCalifornia,includinginformationonstartingorexpandingbusiness,pleasevisit:http://business.ca.gov/Programs/SmallBusiness.aspx
2. Formoreinformationonfederalsmallbusinessloans,pleasevisit:https://www.sba.gov/content/what-sba-
offers-help-small-businesses-grow3. Forveteranslookingforbusinessassistance,pleasevisittheVeteransBusinessOutreachCenterat:
http://www.vbocix.org/
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FederalSupport
SmallBusinessLoans
1) 7(a)LoanProgramØ The7(a)LoanProgramisSBA’sprimaryprogramtohelpstart-upandexistingsmallbusinessesobtain
financingwhentheymightnotbeeligibleforbusinessloansthroughnormallendingchannels.Thenamecomesfromsection7(a)oftheSmallBusinessAct,whichauthorizesSBAtoprovidebusinessloanstoAmericansmallbusinesses.SBAitselfdoesnotmakeloans,butratherguaranteesaportionofloansmadeandadministeredbycommerciallendinginstitutions.
AdditionalInformation:
Ø 7(a)loansarethemostbasicandmostcommonlyusedtypeofloans.Theyarealsothemostflexible,sincefinancingcanbeguaranteedforavarietyofgeneralbusinessproposals,includingworkingcapital,machineryandequipment,furnitureandfixtures,landandbuilding(includingpurchase,renovationandnewconstruction),leaseholdimprovements,anddebtrefinancing(underspecialconditions).
Ø All7(a)loansareprovidedbylenderswhoarecalledparticipantsbecausetheyparticipatewithSBAinthe7(a)program.Notalllenderschoosetoparticipate,butmostAmericanbanksdo.Therearealsosomenon-banklenderswhoparticipatewithSBAinthe7(a)program,whichexpandstheavailabilityoflendersmakingloansunderSBAguidelines.
Eligibility:
Ø Theeligibilityrequirementsaredesignedtobeasbroadaspossibleinorderforthislendingprogramtoaccommodatethemostdiversevarietyofsmallbusinessfinancingneeds.AllbusinessesthatareconsideredforfinancingunderSBA’s7(a)loanprogrammust:meetSBAsizestandards,befor-profit,notalreadyhavetheinternalresources(businessorpersonal)toprovidethefinancingandbeabletodemonstraterepayment.
Ø Eligibilityfactorsforall7(a)loansinclude:size,typeofbusiness,useofproceedsandtheavailabilityoffundsfromothersources.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/7a-loan-program
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2) CDC/504LoanØ TheCDC/504Loanprogramisalong-termfinancingtoolforeconomicdevelopmentwithinacommunity.
The504Programprovidesgrowingbusinesseswithlong-term,fixed-ratefinancingformajorfixedassets,suchaslandandbuildings.ACertifiedDevelopmentCompany(CDC)isanonprofitcorporationsetuptocontributetotheeconomicdevelopmentofitscommunity.CDCsworkwiththeSBAandprivate-sectorlenderstoprovidefinancingtosmallbusinesses.Thereareabout270CDCsnationwide,witheachcoveringaspecificgeographicarea.
AdditionalInformation:
Ø Proceedsfrom504loansmustbeusedforfixedassetprojectssuchas:purchasinglandandimprovements,includingexistingbuildings,grading,streetimprovements,utilities,parkinglotsandlandscaping;constructionofnewfacilities,ormodernizing,renovatingorconvertingexistingfacilities;orpurchasinglong-termmachineryandequipment.The504Programcannotbeusedforworkingcapitalorinventory,consolidatingorrepayingdebt,orrefinancing.
Ø Interestrateson504loansarepeggedtoanincrementabovethecurrentmarketrateforfive-yearand10-yearU.S.Treasuryissues.Maturitiesof10and20yearsareavailable.Feestotalapproximatelythree(3)percentofthedebentureandmaybefinancedwiththeloan.
Eligibility:
Ø Tobeeligible,thebusinessmustbeoperatedforprofitandfallwithinthesizestandardssetbytheSBA.Underthe504Program,thebusinessqualifiesassmallifitdoesnothaveatangiblenetworthinexcessof$7.5millionanddoesnothaveanaveragenetincomeinexcessof$2.5millionaftertaxesfortheprecedingtwoyears.Loanscannotbemadetobusinessesengagedinspeculationorinvestmentinrentalrealestate.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/cdc-504
Ø Telephone:(800)827-5722
3) DisasterLoanØ Ifyouareinadeclareddisasterareaandarethevictimofadisaster,youmaybeeligibleforfinancial
assistancefromtheU.S.SmallBusinessAdministration(SBA)-evenifyoudon'townabusiness.Asahomeowner,renterand/orpersonal-propertyowner,youmayapplytotheSBAforaloantohelpyourecoverfromadisaster.
AdditionalInformation:
Ø PersonalPropertyLoan:Thisloancanprovideahomeownerorrenterwithupto$40,000tohelprepairorreplacepersonalproperty,suchasclothing,furniture,automobiles,etc.,lostinthedisaster.Asaruleofthumb,personalpropertyisanythingthatisnotconsideredrealestateorapartoftheactualstructure.Thisloanmaynotbeusedtoreplaceextraordinarilyexpensiveorirreplaceableitems,suchasantiques,collections,pleasureboats,recreationalvehicles,furcoats,etc.
Ø RealPropertyLoan:Ahomeownermayapplyforaloanofupto$200,000torepairorrestoretheirprimaryhometoitspre-disastercondition.Theloanmaynotbeusedtoupgradethehomeormakeadditionstoit.If,however,cityorcountybuildingcodesrequirestructuralimprovements,theloanmaybeusedtomeettheserequirements.Loansmaybeincreasedbyasmuchas20percenttoprotectthedamagedrealpropertyfrompossiblefuturedisastersofthesamekind.
ContactInformation:
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Ø Formoreinformationpleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/disaster
Ø Telephone:(800)827-5722
4) ExportExpressLoansØ TheSBAExportExpressprogramprovidesexportersandlendersastreamlinedmethodtoobtainSBAbacked
financingforloansandlinesofcreditupto$250,000.Lendersusetheirowncreditdecisionprocessandloandocumentation;exportersgetaccesstotheirfundsfaster.TheSBAprovidesanexpeditedeligibilityreviewandprovidesaresponseinlessthan24hours.
AdditionalInformation:
Ø SBAExportExpressloansareavailabletobusinessesthatmeetthenormalrequirementsforanSBAbusinessloanguaranty.Financingisavailableformanufacturers,wholesalers,exporttradingcompaniesandserviceexporters.Loanapplicantsmustdemonstratethattheloanproceedswillenablethemtoenteranewexportmarketorexpandanexistingexportmarket.Applicantsmusthavebeeninbusiness,thoughnotnecessarilyinexporting,foratleast12months.
Ø TheSBAdoesnotestablishorsubsidizeinterestratesonloans.Interestratesarenegotiatedbetweentheborrowerandthelender,butmayneverexceedSBAinterestratecaps.Ratescaneitherbefixedorvariable,andaretiedtotheprimerateaspublishedinTheWallStreetJournal.
ContactInformation:
Ø SanFrancisco(Territory:NorthernCalifornia)JeffDeissInternationalTradeFinanceManger,WesternUSOfficeofInternationalTrade,SBA
U.S.SmallBusinessAdministration50FremontStreet,Suite2450SanFrancisco,CA94105Tel:415-744-7730Fax:202-292-3534Email:[email protected]
Ø MoreInformation:https://www.sba.gov/content/export-express-loan-program
5) ExportTransactionFinancingØ SBA’sExportWorkingCapitalProgram(EWCP)loansaretargetedforbusinessesthatareabletogenerate
exportsalesandneedadditionalworkingcapitaltosupportthesesales.SBA’saimfortheEWCPprogramistoensurethatqualifiedsmallbusinessexportersdonotloseviableexportsalesduetoalackofworkingcapital.
AdditionalInformation:
Ø Applicationismadedirectlytolenders.InterestedbusinessesareencouragedtocontacttheSBAstaffataU.S.ExportAssistanceCenter(USEAC)todiscusswhethertheyareeligiblefortheEWCPprogramandwhetheritistheappropriatetooltomeettheirexportfinancingneeds.Theparticipatinglendersreview/approvetheapplicationsandsubmittherequesttotheSBAstaffattheUSEAClocationservicingtheexporters’geographicalterritory.
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Ø ThemaximumEWCPlineofcredit/loanamountis$2million.Participatingbanksreceivea90%SBAguarantyprovidedthatthetotalSBAguaranteedportiontotheborrowerdoesnotexceed$1.5million.InthoseinstanceswheretheSBAguaranteedportionreachesthe$1.5millioncap,bankscanstillgeta90%guarantythankstoaco-guarantyprogrambetweenSBAandtheExport-ImportBankoftheUnitedStates(EXIM).
Ø TheSBAdoesnotestablishorsubsidizeinterestratesonloans.Theinterestratecanbefixedorvariableandisnegotiatedbetweentheborrowerandtheparticipantlender.
ContactInformation:
Ø Phone:(800)827-5722Email:[email protected]
6) InternationalTradeLoansØ TheSBAInternationalTradeLoanprogramisatermloandesignedforbusinessesthatplantostart/continue
exportingorthosethatthathavebeenadverselyaffectedbycompetitionfromimports.TheproceedsoftheLoanmustenabletheborrowertobeinabetterpositiontocompete.
AdditionalInformation:
Ø EligibleBusinessesSmallbusinessesthatareinapositiontoexpandexistingexportmarkets/developnewexportmarketsorsmallbusinessesthathavebeenadverselyaffectedbyinternationaltradeandcandemonstratethattheLoanproceedswillimprovetheircompetitivepositionareeligibleforInternationalTradeLoans
Ø LoanAmountThemaximumgrossamount($2million)andSBA-guaranteedamount($1.5million)foranInternationalTradeLoanisthesameasaregular7(a)loan.However,thereisanexceptiontothemaximumSBA7(a)guarantyamounttooneborrower.WhenthereisanInternationalTradeloanandaseparateworkingcapitalloan,themaximumSBAguarantyonthecombinedloanscanbeupto$1.75millionaslongastheSBAguarantyontheworkingcapitalloandoesnotexceed$1,250,000.
Ø InterestRateTheSBAdoesnotestablishorsubsidizeinterestratesonloans.Interestratesarenegotiatedbetweentheborrowerandthelender,subjecttoSBAcaps.Ratescaneitherbefixedorvariable,andaretiedtotheprimerateaspublishedinTheWallStreetJournal.Forloansgreaterthan$50,000andmaturityinexcessof7years,lendersmaychargeupto2.75percentoverprimerate.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/content/international-trade-loanØ Phone:(800)827-5722
7) MilitaryReservistsLoanØ ThepurposeoftheMilitaryReservistEconomicInjuryDisasterLoanprogram(MREIDL)istoprovidefundsto
aneligiblesmallbusinesstomeetitsordinaryandnecessaryoperatingexpensesthatitcouldhavemet,butisunabletomeet,becauseanessentialemployeewas"called-up"toactivedutyintheirroleasamilitaryreservist.
Ø Theseloansareintendedonlytoprovidetheamountofworkingcapitalneededbyasmallbusinesstopayitsnecessaryobligationsastheymatureuntiloperationsreturntonormalaftertheessentialemployeeisreleasedfromactivemilitaryduty.Thepurposeoftheseloansisnottocoverlostincomeorlostprofits.MREIDLfundscannotbeusedtotaketheplaceofregularcommercialdebt,torefinancelong-termdebtortoexpandthebusiness.
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Ø FederallawrequiresSBAtodeterminewhethercreditinanamountneededtoaccomplishfullrecoveryisavailablefromnon-governmentsourceswithoutcreatinganunduefinancialhardshiptotheapplicant.Thelawcallsthiscreditavailableelsewhere.Generally,SBAdeterminesthatover90%ofdisasterloanapplicantsdonothavesufficientfinancialresourcestorecoverwithouttheassistanceoftheFederalgovernment.BecausetheMilitaryReservisteconomicinjuryloansaretaxpayersubsidized,CongressintendedthatapplicantswiththefinancialcapacitytofundtheirownrecoveryshoulddosoandthereforearenoteligibleforMREIDLassistance.
AdditionalInformation:
Ø Thelawauthorizesloantermsuptoamaximumof30years.SBAdeterminesthetermofeachloaninaccordancewiththeborrower'sabilitytorepay.Basedonthefinancialcircumstancesofeachborrower,SBAdeterminesanappropriateinstallmentpaymentamount,whichinturndeterminestheactualterm.
Ø LoanAmountLimit-$2,000,000:Theactualamountofeachloan,uptothismaximum,islimitedtotheactualeconomicinjuryascalculatedbySBA,notcompensatedbybusinessinterruptioninsuranceorotherwise,andbeyondtheabilityofthebusinessand/oritsownerstoprovide.Ifabusinessisamajorsourceofemployment,SBAhasauthoritytowaivethe$2,000,000statutorylimit.
ContactInformation:
Ø Phone:(800)827-5722Email:[email protected]:https://www.sba.gov/content/military-reservists-economic-injury-loans
8) SBAExpressProgramØ TheSBAExpressloanisofferedbySBA’snetworkofparticipatinglendersnationwideandfeaturestheir
fastestturnaroundtimeforloanapprovals—about36hours.Loansareavailableupto$350,000andqualifyforSBA’smaximumguarantyofupto50percentforloansof$150,000orless.
AdditionalInformation:
Ø TheSBAanditsresourcepartnersarefocusingadditionaleffortsoncounselingandtrainingtoaugmentthisloaninitiative.
EligibleApplicants:
Ø LoansmadeunderthisprogramgenerallyfollowSBA’sstandardsforthe7(a)LoanProgram
ContactInformation:Ø MoreInformation:https://www.sba.gov/content/sba-express
9) MicroloansØ TheMicroloanProgramprovidessmall,short-termloanstostart-up,newlyestablished,orgrowingsmall
businessconcerns.Underthisprogram,SBAmakesfundsavailabletononprofitcommunity-basedlenders(intermediaries)which,inturn,makeloanstoeligibleborrowersinamountsuptoamaximumof$50,000.Theaverageloansizeisabout$13,000.Applicationsaresubmittedtothelocalintermediaryandallcreditdecisionsaremadeonthelocallevel.
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AdditionalInformation:Ø Themaximumtermallowedforamicroloanissixyears.However,loantermsvaryaccordingtothesizeof
theloan,theplanneduseoffunds,therequirementsoftheintermediarylender,andtheneedsofthesmallbusinessborrower.
ContactInformation:
Ø MoreInformation:https://www.sba.gov/offices/headquarters/ofa/resources/11432
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TechnicalSupportandDevelopmentPrograms
1) SmallBusinessDevelopmentCenters(SBDC)Ø SBDCsprovidefreeorlow-costassistancetosmallbusinessesusingprogramscustomizedtolocal
conditions.TheSBDCalsofocusesonprojectsthatadvancethejobdevelopment,investmentandeconomicgrowthprioritiesofCalifornia,withanemphasisonmanufacturers,exportersandtechnology-orientedfirms.
AdditionalInformation:
Ø SBDCssupportsmallbusinessinmarketingandbusinessstrategy,finance,technologytransfer,governmentcontracting,management,manufacturing,engineering,sales,accounting,exporting,andothertopics.SBDCsarefundedbygrantsfromtheSBAandmatchingfunds.Therearemorethan1,100SBDCswithatleastoneineverystateandterritory.
ContactInformation:
Ø SiliconValleySBDCatEnterpriseFoundation480North1stStreet,Suite210SanJose,CATelephone:(408)248-4800Fax:(408)385-9156Website:http://svsbdc.org
Ø SBATelephone:(800)732-7232MoreInformation:https://www.sba.gov/tools/local-assistance/sbdc
Ø AlamedaCountySBDCatOfficesofOBDC
2101WebsterStreet,Suite1200Oakland,CA94612Telephone:(510)208-0410Website:http://acsbdc.org/
Ø SBDCHispanicSatelliteatEnterpriseFoundation480North1stStreet,Suite210SanJose,CATelephone:(408)248-4800Fax:(408)385-9156Website:http://sbdchc.org/
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2) SBAWomen’sBusinessCentersTheSBAWomen’sBusinessCenter(WBC)isdedicatedtotrainingandassistingwomeninbusinessorthosewhowanttostartupabusiness.ThisCenterprovidesavarietyofbusinessskillsandongoingtechnicalassistancetowomeninthirty-fourcounties.WBCsaresimilartoSmallBusinessDevelopmentCenters,excepttheyconcentrateonassistingwomenentrepreneurs.Programsincludemicroenterprisedevelopmentandassetbuilding,financialliteracy,loansandcredit,one-on-onetechnicalassistance,andBusinessActionCircles.
ContactInformation:
Ø AnewAmerica210N4thStreet,Suite205SanJose,CA95112Phone:408-326-2669Fax:408-645-5972
Ø JanetGarciaAdministrativeAssistantPhone:[email protected]
3) DepartmentofDefenseProcurementTechnicalAssistanceProgram(PTAP)Ø ProcurementTechnicalAssistanceCentersarealocalresource,availableatnoornominalcost,thatcan
provideassistancetobusinessesinmarketingproductsandservicestotheFederal,stateandlocalgovernments.
ContactInformation:
Ø CaliforniaCFDC–PTAC1792TributeRoad,Suite270Sacramento,CA95815Telephone:916-442-1729Website:http://www.cacapital.org/
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4) ServiceCorpsofRetiredExecutives(SCORE)Ø TheServiceCorpsofRetiredExecutives(SCORE)usesover11,000volunteerstobringpracticalexperienceto
start-upsmallbusinessandtothosethinkingaboutstartinganewsmallbusiness.SCOREprovidesmentoringandworkshops.
ContactInformation:
Ø SiliconValleySCORE234EastGishRoad,Suite100SanJose,CA95112Telephone:(408)453-6237MoreInformation:http://www.svscore.org/
5) MinorityBusinessDevelopmentAgencyØ SanJoseMBDABusinessCenterisafederallyfundedprojectbyTheU.S.DepartmentofCommerce’s
MinorityBusinessDevelopmentAgency(MBDA),andASIAN,Inc.ofSanFrancisco.Ø TheSanJoseMBDABusinessCenterisanentrepreneurially-focusedprogram;Theirprimaryobjectiveisto
assisttheintegrationandparticipationoftheminority-ownedbusinesscommunityinthenation’seconomicgrowth.Understandingthatthisisataskthatrequiressynergiesbeyondtheeffortsofasingleorganization,wehaveestablishedaprivate/public,multi-industry-sectornetworkofbuyers,suppliersandserviceprovidersthatresultsinaholistic,addedvaluebusinessservicetoourpartnersandclients.
ContactInformation:
Ø SanJoseMBDABusinessCenter3031Tischway,Suite80SanJose,CA95128Telephone:(408)998-8058MoreInformation:http://www.mbda.gov/businesscenters/sanjose
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CapitalAccessPrograms
1) SmallBusinessAdministrationProgramsØ SmallBusinessInvestmentCompanies(SBICs)
SBICsareprivatelyownedcompaniesthatarelicensedbytheSBAtoprovidedebtandequitycapitaltosmallbusinesses.TheycanobtainloansfromtheSBAtosupplementtheirowncapital.
FortheSBICprogram,asmallbusinessisabusinesswithnetworthof$18millionorlessandanaverageafter-taxincomeforthetwoprecedingyearsof$6millionorless.Therearealternativesizestandardsinsomeindustries.TheSBICsellsadebenturetotheSBA,whichguaranteesrepaymentandcreatesapoolofthesedebenturesforresaleonthesecondarymarket.SBICscanborrowthreetimestheirprivatecapital,uptoamaximumof$113million.
Ø NewMarketVentureCapital
NewMarketVentureCapitalisaprogramthatencouragesequityinvestmentsinsmallbusinessesinlow-incomeareasthatmeetspecificstatisticalcriteriaestablishedbyregulation.Ataxcreditisavailableonacompetitivebasis.
ContactInformation:
Ø BayAreao AlpineInvestorsIVSBIC,LP
Contact:TaraGenstilTwoEmbarcaderoCenter,Suite2320SanFrancisco,CA94111Telephone: (415)392-9100Fax:(415)392-9101Email:[email protected]:http://www.alpine-investors.com
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o ChamplainCapitalPartnersII,L.P.Contact:DennisM.LearyOnePostStreetSuite925SanFrancisco,CA94104Phone:(415)228-4181Fax:(415)362-3211Email:[email protected]:http://www.champlaincapital.com
o HerculesTechnologyII,L.P.Contact:AndrewOlson400HamiltonAvenue,Suite310PaloAlto,CA94301Phone:(650)289-3072Fax:(650)473-9194Email:[email protected]:www.htgc.com
o NorwestStrategicCapital,L.P.PromodHaque525UniversityAvenue,Suite800PaloAlto,CA94301Phone:(850)321-8000Email:[email protected]: http://www.nvp.com
o TregaronOpportunityFundI,L.P.Contact:ToddCollins300HamiltonAvenue,4thFloorPaloAlto,CA94301Phone:(650)403-2084Fax:(650)618-2550Email:[email protected]: http://www.tregaroncapital.com
o RembrandtVenturePartnersII,L.P.Contact:GeraldS.Casilil600MontogomeryStreet44thFloorSanFrancisco,CA94111-2819Phone:(650)326-7070Email:[email protected]: http://www.rembrandtvc.com
Ø Washington,DCo Telephone:(202)205-6510E-mail:[email protected]
Website:https://www.sba.gov/content/sbic-directory
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TaxIncentives
Disclaimer:Theinformationprovidedisnotofferedaslegalortaxadvice.ExamplesoftaxbenefitsarebasedonthestatedIRSGuidelinesandonotherassumptionswhichmaynotapplytoyourpersonalsituation.Youshouldseektheadviceofyourtaxadvisor,attorney,and/orfinancialplanner.Allmaterialispresentedsolelyaseducationalinformation.
1) AlternativeMinimumTaxExemptionØ AsaresultoftheTaxpayerReliefActof1997(P.L.105-34),certainsmallcorporationshavebeenexempt
fromtheAMTsince1998.Ifacorporationlosesitseligibility,itbecomessubjecttotheAMTinthefirsttaxyearwhenitnolongerqualifiesfortheexemptionandineverytaxyearthereafter,regardlessoftheamountofitsgrossreceipts.
AdditionalInformation:
Ø ThereisreasontobelievethatthisexemptiongivessomeeligiblesmallcorporationswhatamountstoaslightcompetitiveadvantageovercomparablefirmspayingtheAMT.A1997studyestimatedthatfirmsthatinvestedheavilyinmachineryandequipmentandintangibleassetslikeresearchanddevelopment(R&D),financedthebulkoftheirinvestmentsthroughdebt,andpaidtheAMTforfiveormoresuccessiveyearshadahighercostofcapitalthancomparablefirmsthatpaidtheregularincometaxonlyinthesameperiod.
Ø Theexemptionalsoprovidesownersofsmallfirmswithanincentivetoincorporate,sincethetaxableincomeofpassthroughentitiesissubjecttotheindividualAMTthroughthetaxreturnsfiledbyindividualowners.
Eligibility:
Ø Eligibilityisdeterminedbyacorporation’saverageannualgrossreceiptsinthepreviousthreetaxyears.Allcorporationsformedafter1998areexemptfromtheAMTintheirfirstyearwithtaxableincome,regardlessofthesizeoftheirgrossreceipts.
Ø Theyremainexemptaslongastheiraverageannualgrossreceiptsdonotexceed$5millionintheirfirstthreetaxyears,andaslongastheiraverageannualgrossreceiptsdonotexceed$7.5millionineachsucceedingthree-yearperiod(e.g.,1999-2001,2000-2002,etc.).
ContactInformation:
Ø Moreinformation:http://www.irs.gov/taxtopics/tc556.html
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2) AmortizationofBusinessStart-UpCostsØ UnderIRCSection195(asamendedbyP.L.108-357),businesstaxpayerswhoincurbusinessstart-upand
organizationalcostsafterOctober22,2004,areallowedtodeductupto$5,000ofthosecostsintheyearwhenthenewtradeorbusinessbegins.Thismaximumdeductionisreduced(butnotbelowzero)bytheamountbywhicheligibleexpendituresexceed$50,000.
AdditionalInformation:
Ø Businesstaxpayerswhoincurredorpaidbusinessstart-upandorganizationalcostsandthenenteredatradeorbusinessonorbeforeOctober22,2004,couldamortize(ordeductinequalannualamounts)thoseexpendituresovernotlessthanfiveyears,beginninginthemonthwhenthenewtradeorbusinesscommenced.
Ø Toqualifyforthecurrentdeduction,thestart-upandorganizationalcostsmustmeettworequirements.Theymustbepaidorincurredaspartofaninvestigationintocreatingoracquiringanactivetradeorbusiness,aspartofstartinganewtradeorbusiness,oraspartofanactivitydonetoproduceincomeorprofitbeforestartingatradeorbusinesswiththeaimofconvertingtheactivityintoanactivetradeorbusiness.
Ø Anyeligibleexpenditurethatcannotbedeductedmaybeamortizedover15years,beginninginthemonthwhenthenewtradeorbusinessbeginstoearnincome.Inordertoclaimthe$5,000deduction,ataxpayermusthaveanequityinterestinthenewtradeorbusinessandactivelyparticipateinitsmanagement.
ContactInformation:
Ø Moreinformation:http://www.irs.gov/publications/p535/ch08.html
3) NetOperatingLossesØ Afirmincursanetoperatingloss(NOL)fortaxpurposeswhenitsdeductionsexceeditsgrossincome.Asa
result,ithasnoincometaxliabilityinanNOLyear.AnNOLmaybeusedtoobtainarefundoftaxespaidinpreviousyearsortoreduceoroffsetfuturetaxliabilities.UnderIRCSection172(b),abusinesstaxpayerispermittedtocarryanNOLbacktoeachofthetwotaxyearsprecedingtheNOLyearandforwardtoeachofthe20taxyearsfollowingthatyear.
AdditionalInformation:
Ø AprovisionoftheAmericanRecoveryandReinvestmentActof2009extendedthecarrybackperiodforNOLstofiveyearsforeligiblefirmsthatincurredanNOLin2008.Onlyfirmswithaverageannualgrossreceiptsof$15millionorlessintheNOLyearandthetwoprevioustaxyearsmaytakeadvantageoftheextension.Theprovisionisintendedtobolsterthecashflowofsmallfirmsthathaveexperiencedasignificantlossofrevenueinthecurrentrecession.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.irs.gov/publications/p334/ch09.html
4) PartialExclusionofCapitalGainsonCertainSmallBusinessStockØ Twoimportantconsiderationsindetermininganindividual’sincometaxliabilityaretherecognitionof
incomeasordinaryorcapitalandthedistinctionbetweenlong-termandshort-termcapitalgainsorlosses.
AdditionalInformation:Ø UnderIRCSection1202,non-corporatetaxpayers(includingpartnerships,LLCs,andScorporations)may
exclude50%ofanygainfromthesaleorexchangeofqualifiedsmallbusinessstock(QSBS)thathasbeen
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heldforoverfiveyears.Theexclusionrisesto60%iftheQSBShasbeenissuedbyaqualifiedcorporationbasedinanempowermentzone.AndunderaprovisionoftheARRA,itbecomes75%forQSBSacquiredfromFebruary18,2009,throughDecember31,2010,andheldforfiveyears.
Ø Thereisacumulativelimitonthegainfromstockissuedbyasinglequalifiedcorporationthatmaybeexcluded:inasingletaxyear,thegainislimitedtothegreaterof10timesthetaxpayer’sadjustedbasisofallQSBSissuedbythefirmandsoldorexchangedduringtheyear,or$10million—reducedbyanygainsexcludedbythetaxpayerinpreviousyears.Theremaininggainistaxedatafixedrateof28%.Asaresult,themarginaleffectivetaxrateoncapitalgainsfromthesaleorexchangeofQSBSheldlongerthanfiveyearsis14%:0.5x0.28.
Ø ForindividualssubjecttotheAMT,aportionoftheexcludedgainistreatedasanindividualAMTpreferenceitem,whichmeansthatitmustbeincludedinthecalculationofAMTtaxableincome.Theportionwas42%forQSBSacquiredonorbeforeDecember31,2000anddisposedofbyMay6,2003;28%forQSBSacquiredafterDecember31,2000anddisposedofbyMay6,2003;and7%forQSBSacquiredafterMay6,2003anddisposedofbyDecember31,2008.
Ø Toqualifyforthepartialexclusion,smallbusinessstockmustsatisfycertainrequirements.First,itmustbeissuedafterAugust10,1993andmustbeacquiredbythetaxpayeratitsoriginalissue,eitherdirectlyorthroughanunderwriter,inexchangeformoney,property,orascompensationforservicesrenderedtotheissuingcorporation.Second,thestockmustbeissuedbyadomesticcorporationwhosegrossassetsdonotexceed$50millionbeforeandimmediatelyafterthestockisissued.Third,atleast80%ofthecorporation’sassetsmustbetiedtotheactiveconductofoneormorequalifiedtradesorbusinessesduring“substantiallyall”oftherequisitefive-yearholdingperiod.
5) LossesonSmallBusinessInvestmentCompanyStockTreatedasOrdinaryLosseswithoutLimitation
Ø UnderIRCSection1242,individualswhoinvestinsmallbusinessinvestmentcompanies(SBICs)arepermittedtodeductfromordinaryincomealllossesfromthesaleorexchangeorworthlessnessofstockinthesecompanies.Thistreatmentisintendedtofosterequityinvestmentinthesecompaniesbyloweringtheafter-taxlossonaninvestmentinanSBIC,relativetoafter-taxlossesonsimilarinvestments.
AdditionalInformation:
Ø SBICsareprivateregulatedinvestmentcorporationsthatarelicensedundertheSmallBusinessInvestmentActof1958toprovideequitycapital,long-termloans,andmanagerialguidancetofirmswithanetworthoflessthan$18millionandlessthan$6millioninaveragenetincomeovertheprevioustwoyears.
Ø TheyusetheirowncapitalandfundsborrowedatfavorableratesthroughSBAloanguaranteestomakeequityanddebtinvestmentsinqualifiedfirms.Fortaxpurposes,mostSBICsaretreatedasCcorporations.Therearenoknownestimatesoftherevenuelossassociatedwiththissmallbusinesstaxbenefit.
ContactInformation:
Ø Moreinformation:http://www.irs.gov/publications/p550/ch04.html
6) RolloverofGainsintoSpecializedSmallBusinessStockØ Individualandcorporatetaxpayerswhosatisfycertainconditionsareallowedtorollover,freeoftax,any
capitalgainsonthesaleofpubliclytradedsecurities.Theproceedsfromthesalemustbeusedtopurchasecommonstockorpartnershipinterestsinspecializedsmallbusinessinvestmentcompanies(SSBICs)licensedundertheSmallBusinessInvestmentActof1958within60daysofthesale.
Ø SSBICsaresimilartoSBICsexceptthatSSBICsarerequiredtoinvestinsmallfirmsownedbyindividualswhoareconsideredsociallyoreconomicallydisadvantaged—mainlymembersofminoritygroups.
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AdditionalInformation:Ø IftheproceedsfromthesaleexceedthecostoftheSSBICstockorpartnershipinterest,theexcessis
recognizedasacapitalgainandtaxedaccordingly.Thetaxpayer’sbasisintheSSBICstockorpartnershipinterestisreducedbytheamountofanygainfromthesaleofsecuritiesthatarerolledover.
Ø Themaximumgainanindividualcanrolloverinasingletaxyearisthelesserof$50,000or$500,000lessanygainspreviouslyrolledoverunderthisprovision.Forcorporations,themaximumdeferralinataxyearisthelesserof$250,000or$1millionlessanypreviouslydeferredgains.
7) UniformCapitalizationofInventoryCostsØ IRCSection1244allowstaxpayerstodeductanylossfromthesale,exchange,orworthlessnessofqualified
smallbusinessstockasanordinaryloss,ratherthanacapitalloss.Forbusinesstaxpayers,ordinarylossesaretreatedasbusinesslossesincomputinganetoperatingloss.
AdditionalInformation:
Ø Toqualifyforthistreatment,thestockmustmeetfourrequirements.First,itmustbeissuedbyadomesticcorporationafterNovember6,1978.
Ø Second,thestockmustbeacquiredbyanindividualinvestororapartnershipinexchangeformoneyorotherproperty,butnotstockorsecurities.
Ø Third,thestockmustbeissuedbyasmallbusinesscorporation,whichthestatutedefinesasacorporationwhosetotalamountofmoneyandpropertyreceivedasacontributiontocapitalandpaid-insurplustotalslessthan$1millionwhenitissuesthestock.
Ø Finally,duringthefivetaxyearsbeforealossonthestockisrecognized,thefirmmusthavederivedmorethan50%ofitsgrossreceiptsfromsourcesotherthanroyalties,rents,dividends,interest,annuities,andstockorsecuritytransactions.Themaximumamountthatmaybedeductedasanordinarylossinataxyearis$50,000(or$100,000foracouplefilingjointly).
8) SimplifiedDollar-ValueLIFOAccountingMethodforSmallFirmsØ LIFOoperatesontheassumptionthatthemostrecentlyacquiredgoodsaresoldbeforeallothergoods.
Consequently,LIFOassignsthenewestunitcoststothecostofgoodssoldandtheoldestunitcoststotheendinginventory.Themethodcanbeadvantageouswhenthecostofmanyinventoryitemsisrising,becauseityieldsalowertaxableincomeandinventoryvaluationthanothermethods.TherearevariouswaystoapplyLIFO.Awidelyusedapplicationisknownasthedollar-valuemethod.Underthismethod,ataxpayeraccountsforitsinventoriesonthebasisofapoolofdollarsratherthanspecificitems.
AdditionalInformation:
Ø IRCSection474,whichwasaddedtothetaxcodebytheTaxReformActof1986,allowseligiblesmallfirmstouseasimplifieddollar-valueLIFOmethod.Itdiffersfromtheregulardollar-valuemethodinthewayinwhichinventoryitemsarepooledandthetechniqueforestimatingthebase-yearvalueofthepools.Afirmiseligibletousethesimplifiedmethodifitsaverageannualgrossreceiptswere$5millionorlessinthethreeprevioustaxyears.
9) TaxCreditforPensionPlanStart-UpCostsofSmallFirmsØ UnderIRCSection45E,qualifiedsmallfirmsmayclaimanon-refundabletaxcreditforaportionofthestart-
upcoststheyincurinsettingupnewretirementplansforemployees.Thecredit,whichwasenactedaspartoftheEconomicGrowthandTaxReliefReconciliationActof2001,beganin2002andoriginallywasscheduledtodisappear(or“sunset”)after2010.ButaprovisionofthePensionProtectionActof2006permanentlyextendedthecredit.Itisacomponentofthegeneralbusinesscreditandthussubjecttoitslimitationsandrulesforcarryover.
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AdditionalInformation:Ø Thecreditisequalto50%ofthefirst$1,000ineligiblecostsincurredineachofthefirstthreeyearsa
qualifiedpensionisoperative.Eligiblecostsaredefinedastheordinaryandnecessaryexpensesincurredinadministeringtheplanandinformingemployeesabouttheplan’sbenefitsandrequirements.Qualifiedplansconsistofnewdefinedbenefitplans,definedcontributionplans,savingsincentivematchplansforemployees,andsimplifiedemployeepensionplans.
Eligibility:
Ø Thecreditgivesownersofsmallfirmsanincentivetoestablishpensionplansforemployeesbyloweringtheafter-taxcostofsettingupandadministeringtheseplansintheirfirstthreeyears.
Ø Firmswithfewerthan100employees,eachofwhomreceivedatleast$5,000incompensationinthepreviousyear,areeligibletoclaimthecredit
10) TaxCreditforCostofMakingaBusinessMoreAccessibletotheDisabledØ UnderIRCSection44,aneligiblesmallfirmmayclaimanon-refundablecreditforexpensesitincurstomake
itsbusinessmoreaccessibletodisabledindividuals.Thecreditisequalto50%oftheamountofeligibleexpendituresinataxyearover$250butnotgreaterthan$10,250.Inthecaseofapartnership,thisupperlimitappliesseparatelyatthepartnershiplevelandatthepartnerorindividuallevel;thesamedistinctionholdsinthecaseofasubchapterScorporation.ThedisabledaccesscreditisacomponentofthegeneralbusinesscreditunderIRCSection38andthussubjecttoitslimitations.
AdditionalInformation:
Ø Toqualifyforthecredit,afirmmustsatisfyoneoftworequirements:itsgrossreceipts(lessanyreturnsandallowances)intheprevioustaxyeartotalednomorethan$1million,oritemployednomorethan30personsonafull-timebasisduringthatyear.Aworkerisconsideredafull-timeemployeeifheorsheworksatleast30hoursaweekfor20ormoreweeksinacalendaryear.
Eligibility:
Ø QualifiedexpensesaredefinedastheamountsaneligiblesmallfirmpaysorincurstobringitsbusinessintocompliancewiththeAmericansWithDisabilitiesActof1990(ADA).Theymustbereasonableinamountandnecessaryinlightoflegalrequirements.Eligibleexpensesincludethoserelatedtoremovingarchitectural,communication,transportation,orphysicalbarrierstomakingabusinessaccessibletoorusablebydisabledindividuals;providinginterpretersorothereffectivemethodsofmakingmaterialsunderstandabletohearing-impairedindividuals;andsupplyingqualifiedreaders,tapedtexts,andothereffectivemethodsofmakingmaterialsunderstandabletovisuallyimpairedindividuals.
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GrantPrograms
SmallBusinessAdministration
1) SmallBusinessInnovationResearchAwards(SBIR)Ø SBIRawardsarecompetitivegrantstosmallbusinesses(500orfeweremployees)toresearchanddevelop
newideasforselectedgovernmentagencies.GovernmentagencieswiththelargestresearchbudgetsfundtheSBIRprogram.TheSBAcoordinatesandoverseestheSBIRprogrambutdoesnotprovidefundingfortheawards.
AdditionalInformation:
Ø PhaseIgrantsallowacompanytodetermineifanideahasscientificandtechnicalmeritandisfeasible.Ø PhaseIIevaluatestheidea’scommercialpotential.Ø PhaseIIIisprivatesectordevelopmentoftheidea.
ContactInformation:
Ø USSBARegionIX330N.BrandBlvd.,#1200Glendale,CA91203Telephone:(818)552-3436 Formoreinformation:https://www.sba.gov/offices/regional/ix
Ø USSBAOfficeofTechnology409ThirdStreet,SWWashington,DC20416Telephone:(202)205-6450 Formoreinformation:http://www.sbir.gov/
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2) SmallBusinessTechnologyTransfer(STTR)AwardsØ TheSTTRprogramissimilartotheSBIRprogram,butitrequiresthesmallbusinesstoworkwithanonprofit
researchinstitute.TheSBAcoordinatesandoverseestheSTTRprogrambutdoesnotprovidefundingfortheawards.
AdditionalInformation:
Ø Followingsubmissionofproposals,agenciesmakeSTTRawardsbasedonsmallbusiness/nonprofitresearchinstitutionqualification,degreeofinnovation,andfuturemarketpotential.Smallbusinessesthatreceiveawardsthenbeginathree-phaseprogram.o PhaseIisthestartupphase.Awardsofupto$100,000forapproximatelyoneyearfundtheexploration
ofthescientific,technical,andcommercialfeasibilityofanideaortechnology.o PhaseIIawardsofupto$750,000,foraslongastwoyears,expandPhaseIresults.Duringthisperiod,
theR&Dworkisperformedandthedeveloperbeginstoconsidercommercialpotential.OnlyPhaseIawardwinnersareconsideredforPhaseII.
o PhaseIIIistheperiodduringwhichPhaseIIinnovationmovesfromthelaboratoryintothemarketplace.NoSTTRfundssupportthisphase.Thesmallbusinessmustfindfundingintheprivatesectororothernon-STTRfederalagencyfunding.
ContactInformation:
Ø Washington,DCo USSmallBusinessAdministration
OfficeofTechnology409ThirdStreet,SWWashington,DC20416Telephone:(202)205-6450Formoreinformation:http://www.sbir.gov/
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UnitedStatesDepartmentofTransportation
1) ProcurementAssistanceDivisionØ TheProcurementAssistanceDivisionisresponsibleforworkingcloselywitheachoftheOperating
Administrations'SmallBusinessspecialiststoensurethatadequateprocurementopportunitiesaremadeavailabletosmallbusinesses.BelowisalistingofSmallBusinessspecialistsineachOAwhoseprimaryroleistoserveasadvocatestosmallbusinesses.
ContactInformation:
Ø FederalAviationAdministration(FAA)o FredDendy
800IndependenceAvenue,SWRoom715Washington,DC20591Phone:(202)267-7454Email:[email protected]
Ø FederalHighwayAdministration(FHWA)o FrankWaltos
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-4205Email:[email protected]
Ø FederalMotorCarrierSafetyAdministration(FMCSA)o NathanWatters
1200NewJerseyAvenue,SESuiteW66-499Washington,DC20560Phone:(202)366-3036Fax:(202)385-2335Email:[email protected]
Ø FederalRailroadAdministration(FRA)o DanaL.Hicks
ContractSpecialistFederalRailroadAdministration1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)493-6131Fax:(202)493-6171Email:[email protected]
Ø FederalTransitAdministration(FTA)o RobynJones
FTAOfficeofAcquisitionManagement1200NewJerseyAvenue,SE
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Washington,DC20590Phone:(202)366-0943Email:[email protected]
Ø MaritimeAdministrationo RitaC.Thomas
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-2802Email:[email protected]
Ø NationalHighwayTransportationSafetyAdministrationo LloydS.Blackwell
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-9564Email:[email protected]
Ø OfficeoftheSecretary(OST)o AmesOwens
OfficeoftheSecretaryAcquisitionServicesDivision1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-9614Email:[email protected]
Ø PipelineandHazardousMaterialsSafetyAdministration(PHMSA)o JackieNaranjo
ContractSpecialistOfficeofAcquisitionServices,PHA-301200NewJerseyAvenue,SEEastBuilding,SecondFloorWashington,DC20590Phone:(202)366-4429Email:[email protected]
Ø ResearchandInnovativeTechnologyAdministration(RITA)o PhaedraJohnson
OfficeoftheSecretaryAcquisitionServicesDivision1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-0742Email:[email protected]
Ø RITA-VOLPEo PeterKontakos
SmallBusinessSpecialist
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USDOT/RITA/VolpeCenterOfficeofAcquisitions,RVP-3155BroadwayCambridge,MA02142Phone:(617)494-2602Fax:(617)494-3024Email:[email protected]
Ø SaintLawrenceSeawayDevelopmentCorporation(SLSDC)o PatriciaWhite
ContractingOfficerChief,Procurement&SupplyDivisionU.S.DepartmentofTransportationSaintLawrenceSeawayDevelopmentCorporationPOBox520180AndrewsStreetMassena,NY13662Phone:(315)764-3236Email:[email protected]
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LocalFundingOpportunities
CaliforniaSmallBusinessLoans
1) CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)ProgramsAgency:
Ø CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC),locatedintheStateTreasurer’sOffice.
PurposeofProgram:
Ø TheCaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)administersanumberofprogramstoassistCaliforniamanufacturingbusinessesinfundingcapitalexpendituresforbusinessacquisitionsorexpansions.Theprogramsallowbusinessestoborrowfundsatcompetitiveratesthroughtheissuanceoftax-exemptbondsenhancedbyaletterofcredit.
TypeofFunding:
Ø Capitalgeneratedfromtheissuanceoftax-exemptindustrialdevelopmentbondsusedtofinancecapitalexpenditures.
Eligibility:
Ø IndustrialDevelopmentBondscanbeusedtofinancecapitalexpendituresinagriculture,forestry,ormining.Thebondsfinancetheexpansionoracquisitionoffacilitiesandequipmentforproductassembly,fabrication,manufacturing,orprocessing.Businessesthatprocessormanufacturerecycledorreusedproductsandmaterialsmayalsoqualify.Eligibilityisgovernedbyadetailedsetofcriteriapursuanttofederalandstatelaw.
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ContactInformation:Ø DeannaHamelin,Manager
915CapitolMall,Room457Sacramento,CA95814Telephone:(916)653-3843Fax:(916)653-3241Email:[email protected]:http://www.treasurer.ca.gov/cidfac/
2) IndustrialDevelopmentRevenueBond(IDB)ProgramAgency:
Ø IDBscanbeissuedbytheCaliforniaInfrastructureandEconomicDevelopmentBank(I-Bank),bylocalIndustrialDevelopmentAuthorities,orbyJointPowersAuthorities.ThemissionoftheI-Bankistofinancepublicinfrastructureandprivateinvestmentsthatpromoteeconomicgrowth,revitalizecommunities,andenhancethequalityoflifethroughoutCalifornia.TheI-BankislocatedwithintheBusiness,Transportation,andHousingAgency.IDBsaretax-exemptsecuritiesissuedupto$10millionbyagovernmentalentitytoprovidemoneyfortheacquisition,construction,rehabilitationandequippingofmanufacturingandprocessingfacilitiesforprivatecompanies.IDBscanbeissuedbytheI-Bank,localIndustrialDevelopmentAuthorities,orbyJointPowersAuthorities.
PurposeofProgram:
Ø TheIDBProgramprovidestax-exemptfinancingtoqualifiedmanufacturingandprocessingcompaniesfortheconstructionoracquisitionoffacilitiesandequipment.IDBsallowprivatecompaniestoborrowatlowinterestratesnormallyreservedforstateandlocalgovernmentalentities.
TypeofFunding:
Ø Fundsfromtax-exemptsecuritiesissuedbyagovernmentalentity.
Eligibility:Ø Manufacturingandprocessingcompaniesareeligible.Theprojectfinancedbythebondsmustbeafacility
usedforthemanufacture,production,orprocessingoftangibleproperty.Atleast95%ofthebondproceedsmustbespentonqualifyingcosts.Qualifyingcostsarecapitalexpendituressuchasland,buildings,equipment,andotherdepreciableproperty,andcanalsoincludecapitalizedinterestduringconstruction.
ContactInformation:
Ø Applicationsareacceptedonacontinuousbasis.TheI-BankBoardofDirectorsnormallymeetseachmonthtoconsiderapprovalofcompleteapplicationsreceivedatleast20workingdayspriortothemeetingdate.Foradditionalinformation,ContactInformation:o TeveiaBarnes,ExecutiveDirector
9809thStreet,9thfloorSacramento,CA95814E-mail:[email protected]:(916)539-4408Fax:(916)322-6314http://ibank.ca.gov/
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3) RecyclingMarketDevelopmentZone(RMDZ)RevolvingLoanProgramAgency:
Ø CaliforniaIntegratedWasteManagementBoard.
PurposeofProgram:Ø TheprogramprovidesdirectloanstoeligiblebusinessesandnonprofitorganizationswithinRecycling
MarketDevelopmentZonesthatmanufacturerecycledrawmaterials,producenewrecycledproducts,orreducethewasteresultingfromthemanufactureofaproduct.Theseloanspromotemarketdevelopmentforpost-consumerandsecondarywastematerials.
TypeofFunding:
Ø Theprogrammakesloanstoacquireequipment,makeleaseholdimprovements,purchaserecycledrawmaterialsandinventory,oracquirerealestatewithamaximumvalueof$500,000.
Eligibility:
Ø BusinessapplicantsmustbelocatedinoneofthedesignatedRecyclingMarketDevelopmentZonesanddivertwastefromnon-hazardousCalifornialandfills.TheprogramwillendonJuly1,2011unlesslaterenactedbytheLegislature.
ContactInformation:
Ø StateRMDZOfficeo JimLaTanner,Supervisor
RMDZLoanProgram(MailStop#11)P.O.Box4025Sacramento,CA95812-4025(916)[email protected]://www.calrecycle.ca.gov/RMDZ/
Ø RegionalSiliconValleyRMDZOffices:o AnneHansen
EnvironmentalServicesSpecialist200ESantaClaraStSanJose,CAPhone:(408)975-2574Fax:(408)292-6211Email:[email protected]
o SteveLautzeGreenBusinessSpecialist250FrankHOgawaPl.Oakland,CA94612Phone:(510)238-4973Fax:(510)238-2226
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4) ReplacementofUndergroundStorageTank(RUST)Program–LoansAgency:
Ø StateWaterResourcesControlBoard.
PurposeofProgram:Ø Theprogramhelpsownersandoperatorsofsmallindependentundergroundstoragetankscomplywith
legislativemandatesenactedin1999(SB989)toenhanceundergroundtanksandmonitoringsystems.
TypeofFunding:Ø Typically,loansareprovidedtofacilitateanyofthefollowing:plans,permits,drawings;excavationand
removaloftanks,lines,anddispensers;installationofnewtanks,lines,dispensers,under-dispensercontainments,electronicmonitoringsystems,andenhancedvaporrecoverysystems.Also,fundingisofferedtowaterboardsandotherregulatoryagenciesintheeventofanemergencysituation,ortocleanupasitethatposesahealthorsafetythreat.
Eligibility:
Ø Smallbusinessownersoroperatorsofundergroundpetroleumstoragetanksareeligible.Applicantsmustprovideevidencethattheirsite(s)willbeinstatecomplianceoncefundsareappliedtotheproject.OthereligibilitycanbefoundinHealth&SafetyCodesection25299.102.
ContactInformation:
Ø JaniceClemonsDivisionofCleanWaterPrograms(916)341-5857USTCleanupFundP.O.Box944212Sacramento,[email protected]://www.waterboards.ca.gov/water_issues/programs/ustcf/rust.shtml
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5) CaliforniaCapitalAccessProgram(CalCAP)Agency:
Ø CaliforniaPollutionControlFinancingAuthority.
PurposeofProgram:Ø Thisprogramprovidesincentivesforlenderstomakeloanstosmallbusinessesthatmayotherwisehave
difficultyobtainingfinancing.Thisisaccomplishedthroughalossreserveaccountthatprovidesupto100%coverageforthelenderoncertainloandefaults.
TypeofFunding:
Ø Theprogramprovidesloanswithvariableratesandterms.TheborrowerworksdirectlywithaCalCAPlender.
Eligibility:
Ø Theborrower'sbusinessmustbeinoneoftheindustrieslistedinthequalifiedStandardIndustryClassificationcodeslist.Thebusinessisnotrequiredtoengageinactivitiesthataffecttheenvironment.
Ø Theborrower'sprimarybusinessand50%ofitsemployees,businessincome,sales,orpayrollmustbeinCalifornia.
Ø Thebusinessactivityresultingfromthebank'sloanmustbecreatedandretainedinCalifornia.Ø ThebusinessmustbeclassifiedasasmallbusinessunderU.S.SmallBusinessAdministrationguidelines(Title
13oftheCodeofFederalRegulations)orhavefewerthan500employees.
ContactInformation:Ø 915CapitolMall,Room457
Sacramento,CA95814Telephone:(916)654-5610Fax:(916)657-4821E-mail:[email protected]://www.treasurer.ca.gov/cpcfa/calcap/
6) SmallBusinessLoanGuaranteeProgramAgency:
Ø Business,TransportationandHousingAgency.Theprogramisadministeredthroughcontractsbetweentheagencyandnonprofitfinancialdevelopmentcorporationslocatedthroughoutthestate.
PurposeofProgram:
Ø Thisprogramhelpsbusinessesbecomeeligibleforloanstheymightnototherwiseobtain.Italsocreatestheopportunityforbusinessestoestablishafavorablecredithistoryforfutureloanneeds.
TypeofFunding:
Ø ThisprogramprovidesloansthataretobeusedprimarilyinCaliforniaforanystandardbusinesspurposebeneficialtotheapplicant'sbusiness.Thismayincludeexpansionintonewfacilitiesorpurchaseofnewequipment.
Eligibility:
Ø ApplicantsmustbesmallbusinessesasdefinedbythefederalSmallBusinessAdministration(SBA),i.e.,businessesthatemploynomorethan100people.
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ContactInformation:Ø ChrisHoulemard,Manager
SmallBusinessFinancialAssistanceProgramTelephone:(916)[email protected]://www.ibank.ca.gov/smallbusiness.htmOrcontactoneofthefollowingfinancialdevelopmentcorporationsthatadministertheprogramslocally.
o CaliforniaCapitalFinancialDevelopmentCorporation
ClarenceWilliams,President1792TributeRoad,Suite270Sacramento,CA95815Telephone:(916)442-1729
o Nor-CalFinancialDevelopmentCorporation
ArthurWashington,CEO300FrankH.OgawaPalzaSuite175Oakland,CA94612Telephone:(510)452-1171Fax:(510)452-4405
7) SmallBusinessPollutionControlTax-ExemptBondFinancingProgramAgency:
Ø CaliforniaPollutionControlFinancingAuthority(CPCFA).
PurposeofProgram:Ø Theprogramprovidestax-exemptbondfinancingtocreditworthysmallbusinessesfortheacquisition,
construction,orinstallationofqualifiedpollutioncontrol,wastedisposal,andresourcerecoveryfacilitiesinCalifornia.
TypeofFunding:
Ø TheCPCFAusesitsSmallBusinessAssistanceFunds(SBAF)topayforthecostsofissuanceoftax-exemptbondsissuedonbehalfofsmallbusinesses.TheSBAFalsopaysforletterofcreditfees,transactionfeesandothercostsassociatedwiththeissuanceofbonds.Thisassistancereducesthenetcostoffinancingtothesmallbusiness.
Eligibility:Ø TobeeligiblefortheSBAFTax-ExemptBondProgram,abusinessmustbeclassifiedasasmallbusiness
underU.S.SmallBusinessAdministrationguidelines(Title13oftheCodeofFederalRegulations)orhavefewerthan500employees,andbeinvolvedinappropriateprojects.
Ø Useoffundingmustcomplywithfederaleligibilityguidelines,whichindicatethat:o 95%oftheproceedsmustbeusedforthedefinedprojecto 2%ofbondproceedscanbeusedforthecostsofissuanceo 25%ofbondproceedscanbeusedforlandcostsincertaincaseso Apublichearing(TEFRA)mustbeheldbeforethebondsareissuedo Toacquireanexistingbuilding,aminimumof15%ofthebondproceedsmustbeusedtorenovatethe
building
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o Theaveragelifeofthebondissuecannotexceed120%oftheweightedaverageoftheestimateduseful
lifeoftheassetsbeingfinanced
ContactInformation:Ø SherriKayWahl,DeputyExecutiveDirector
915CapitolMall,Room457Sacramento,CA95814Telephone:(916)654-5610Fax:(916)657-4821Email:[email protected]:http://www.treasurer.ca.gov/cidfac/
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CaliforniaTechnicalSupportandDevelopmentPrograms forSmallBusiness
2) CaliforniaGetYourBusinessOnlineAgency:
Ø CaliforniaSBDC.
PurposeofProgram:Ø CaliforniaGetYourBusinessOnlineisaGoogle-ledprogramthatprovidessmallbusinessestheresources
theyneedtosucceedonline.WebsitesarefreeforCaliforniabusinesses.
TypeofBenefits:Ø ThisfreeofferincludesafreedomainnameandhostingforyourHomesteadwebsiteforoneyear.Thefree
siteincludes3freepages,25MGofdiskspaceand5GBofbandwidth(monthlytransfer).Emailandecommercearenotincluded.However,youcanpurchaseadditionalpages,diskspace,emailaddresses,ecommercesolutionsandmanyotheradd-onsfromHomestead.
Eligibility:
Ø Anybusinessororganizationcansignup,howevertheymustbeverifiedbyGoogle.YouwillneedtocreateaGoogle+Pagetoutilizetools,likeHangoutsandCircles,thathelpyouconnectwithyourcustomers.
ContactInformation:
Ø Getstartedhere:http://www.gybo.com/california/get-online
3) BusinessMatchmakingOffice
Ø Governor’sOfficeofBusinessandEconomicDevelopment.
PurposeofProgram:Ø BusinessMatchmakingprovidesopportunitiesforsmallbusinessestosecuresellingopportunitiesfrom
governmentagenciesandmajorcorporations,bothatkeyeventsandthroughanonlinenetwork.BusinessMatchmakingcontinuestobeafreeinitiativeforallsmallbusinessparticipants.
TypeofBenefits:
Ø AsadirectresultofthealliancebetweenleadingcorporationswiththeSBA,SCORE,SmallBusinessDevelopmentCentersandotherresourcepartners,BusinessMatchmakinghasfacilitatedmorethan90,000appointmentsbetweensmallbusinesssellersandbuyersfromkeygovernmentagenciesandmajorcorporations.Severalbillionsofdollarsincontractshavebeenawarded.
Alleventsarefreetobothparticipatingsmallbusinessesandrepresentativebuyers.Theyalsoincludeahighlysuccessfulscheduleofnetworkingandeducationalactivities.BusinessMatchmaking,Inc.,theproducerofBMM,isa501c3non-profitcorporation.
ContactInformation:
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Ø BusinessMatchmaking,Inc.13101W.WashingtonBlvd.,Ste.131LosAngeles,CA 90066Email:[email protected]
4) SiliconValleyServiceCoreofRetiredExecutives(SCORE)Agency:
Ø SiliconValleySCOREusesover11,000volunteerstobringpracticalexperiencetostart-upsmallbusinessandtothosethinkingaboutstartinganewsmallbusiness.SiliconValleySCOREprovidesbusinessmanagementconsulting,smallbusinessclasses,andbusinessresources.
PurposeofProgram:
Ø SiliconValleySCORE"CounselorstoAmerica'sSmallBusiness"isanonprofitassociationdedicatedtoeducatingentrepreneursandhelpingsmallbusinessesstart,grow,andsucceed.
Ø SiliconValleySCOREisSiliconValley’sbestresourceforno-costsmallbusinessmentoringandbusinesstraining.Theirconsultingservicesare100%volunteerledanddelivered.Therearemorethan100businesstrainingworkshopsperyeartoprovideawealthofknowledgeforthestart-uporgrowthbusinessowner.
ContactInformation:
Ø SiliconValleySCORE234EastGishRoad,Suite100SanJose,CA95112Telephone:(408)453-6237
Ø MoreInformation:http://www.svscore.org/
5) DisabledVeteranBusinessEnterprise(DVBE)andSmallBusiness(SB)CertificationProgramsAgency:
Ø DepartmentofGeneralServices.
PurposeofProgram:Ø TheseprogramsaredesignedtoincreasebusinessopportunitiesfortheDVBEandSBcommunitieswiththe
StateofCalifornia.TheprogramsaredesignedtohelpDVBEsandSBsparticipateonamorelevelplayingfieldbyprovidingcertainadvantageswhencompetingagainstothernon-DVBEsandnon-SBsforstatecontractsandpurchases.
TypeofBenefits:
Ø TheseprogramsenhancethelikelihoodofcontractingwithStateagencies.
Eligibility:Ø DVBEProgram–Theowner(eithersoleproprietoror51%ownership)mustmeetthecriteriaofa“disabled
veteran,”bedomiciledinCalifornia,andhavea10%disabilityfromservingintheUSArmy,AirForce,orNavy.Adisabledveteranmustmanagethebusiness.
Ø SBProgram–Abusinessmustbeindependentlyownedandoperated,cannotbedominantinitsfield,and
musthaveitsprincipalofficelocatedinCalifornia;plus,itsowner(s)mustbedomiciledinCA.Aqualifyingbusinessmusthavenomorethan100employees,withaveragegrossreceiptsof$10millionorlessoverthepriorthreeyears.
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ContactInformation:Ø SmallBusinessesandResources
DepartmentofGeneralServices7073rdStreet,1stFloor,Room400WestSacramento,CA95605(916)[email protected]://www.dgs.ca.gov/pd/programs/osds.aspx
6) DisadvantagedBusinessProgramsAgency:
Ø CaliforniaDepartmentofTransportation(Caltrans).
PurposeofProgram:Ø Theprogramincreasestheparticipationlevelofdisadvantagedbusinessesinallfederalcontracting
activities.
Ø QualifyingbusinessesarecertifiedasDisadvantagedBusinessEnterprises(DBE),MinorityBusinessEnterprises(MBE),orWomenBusinessEnterprises(WBE).
TypeofBenefits:
Ø Theseprogramsenhancethelikelihoodofbusinessesparticipatinginallfederalcontractingactivities.
Eligibility:Ø Onlysmallbusinesses,asdefinedbytheUnitedStatesSmallBusinessAdministration,thatareownedand
controlledbyoneormoresociallyandeconomicallydisadvantagedindividuals,canbecertifiedasaDBE.Definitions
Ø DBE:Atleast51%ofthesmallbusinessinconcernisownedbyoneormoresociallyandeconomicallydisadvantagedindividuals;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoreofthesociallyandeconomicallydisadvantagedindividualswhoownit.
Ø MBE:
Atleast51%ofthesmallbusinessisownedbyoneormoreminorities,or,inthecaseofapubliclyownedbusiness,atleast51%ofallissuedstockisownedbyoneormoreminorities;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoresuchindividuals.
Ø WBE:
Atleast51%ofthesmallbusinessisownedbyoneormorewomen;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoreofthewomenwhoownit.
ContactInformation:
Ø 182314thStreetSacramento,CA95811Telephone:(916)324-0449Fax:(916)324-1949TTY711
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Ø AngelaShell
AssistantDirectorEmail:[email protected]:http://www.dot.ca.gov./hq/bep/
Ø AliciaSequeiraStatewideSmallBusinessLiaisonEmail:[email protected]
Ø MariaSalinasCalmentor/Mentor-Protégé[email protected]
Ø DBECertificationAssistanceEmail:[email protected]:(916)324-1700TollFree:(866)810-6346
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CaliforniaSmallBusinessTaxIncentives
1) EnterpriseZoneProgramAgency:
Ø DepartmentofHousingandCommunityDevelopment.
PurposeofProgram:Ø Theprogramprovidesspecialstateandlocaltaxandotherincentivestobusinesses,toencouragebusiness
investmentandpromotethecreationofnewjobsineconomicallydistressedareasthroughoutCalifornia.
TypeofFunding:Ø Theprogramprovidesanumberoftaxincentivestoqualifyingcompanies.
Eligibility:
Ø AllbusinesseslocatedinanEnterpriseZoneareeligibleforprogrambenefits.Thereare39EnterpriseZoneslocatedthroughoutCalifornia.EnterpriseZoneslast15yearsfromtheiroriginaldateofdesignation(1986-1997,dependingonthezone).AcompletelistingofEnterpriseZonescanbefoundatthefollowingWebsite: http://www.hcd.ca.gov/fa/ez/.
ContactInformation:Ø MainOfficeInformation:
o Phone&FAX:JohnNunn,Jr.,ProgramManagerEnterpriseZoneProgramTelephone:(916)274-0575FAX(916)263-2765John.Nunn@hcd.ca.govGailTillman-MitchellAdministrativeSecretary(916)274-0575Gail.Tillman-Mitchell@hcd.ca.govAdrienneDiLulloProgramRepresentative(916)263-2552Adrienne.DiLullo@hcd.ca.govLesleyJamesProgramRepresentative(916)[email protected](916)[email protected]
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o MailingAddress:DepartmentofHousing&CommunityDevelopmentDivisionofFinancialAssistanceENTERPRISEZONEPROGRAMSP.O.Box952054,MS650Sacramento,CA94252-2054
o StreetAddress:
2020WestElCaminoAvenue,Suite650Sacramento,CA95833
Ø NearCA-17District:
§ RichmondAlsoacceptsapplicationsforSanJoseRichmondWORKS33025thStreetRichmond,CA94804Contact:SalVaca,DirectorPhone:(510)307-8006Fax:(510)[email protected],CityofRichmond33025thStreetRichmond,CA94804Primary:JacqulynHolley,M.A.Phone:(510)307-8808Fax:(510)307-8072
§ OaklandCityofOaklandCEDABusinessDevelopmentServices270FrankOgawaPlazaOakland,CA94612-2032Contact:SusanaVillarrealPhone:(510)238-7794Fax:(510)[email protected]
§ EZOnlineVoucheringSystemhttp://www.CAEZonline.com/oakland
http://www.Oaklandnet.comhttp://www.business2oakland.com
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§ SanFranciscoCityandCountyofSanFranciscoCityHall,OEWD1DrCarltonB.GoodlettPlaceRoom448SanFrancisco,CA94102(415)[email protected]://sfezapp.oewd.org
2) LocalAgencyMilitaryBaseRecoveryArea(LAMBRA)Agency:
Ø DepartmentofHousingandCommunityDevelopment.
PurposeofProgram:Ø Theprogramencourageseconomicgrowthinformermilitarybaseareasbyattractingreinvestmentandre-
employingworkers.Taxincentivesareprovidedtobusinessesthatutilizespaceinformermilitarybases.
TypeofFunding:Ø LAMBRAprovidesanumberoftaxincentivestoqualifyingcompanies,including:
o Sales/UsetaxcreditforSection1245(a)(3)property(tangibledepreciablepersonalproperty)o Sales/Usetaxcreditforhightechnologyequipmento Sales/Usetaxcreditforaircraftmaintenanceequipmento Sales/Usetaxcreditforaircraftcomponentso Hiringtaxcreditsforfiveyearso Businessexpensedeductiono Netoperatinglosscarryovero Preferencepointsonstatecontracts
Ø LAMBRAincentivesaresimilarbutnotidenticaltoEnterpriseZoneincentives.
Eligibility:Ø BusinesseslocatedinafullydesignatedLAMBRAZoneareeligibleforprogrambenefits.
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3) OtherTaxIncentivesAgency:
Ø EmploymentDevelopmentDepartment(EDD).
TypeofIncentivesØ TheGovernor’sOfficeofBusinessandEconomicDevelopment(GO-Biz)wascreatedbyGovernorEdmundG.
BrownJr.toserveasCalifornia’ssinglepointofcontactforeconomicdevelopmentandjobcreationefforts.GO-Bizoffersarangeofservicestobusinessownersincluding:attraction,retentionandexpansionservices,siteselection,permitstreamlining,clearingofregulatoryhurdles,smallbusinessassistance,internationaltradedevelopment,assistancewithstategovernment,andmuchmore.
Ø TheGovernor’sOfficeofBusinessandEconomicDevelopment(GO-Biz)includesthefollowingunits:
o BusinessDevelopment(CalBIS)o PermitStreamliningo SmallBusinessAssistanceo EncouragingInnovationandEntrepreneurshipo InternationalAffairsandTradeDevelopment
ContactInformation:
Ø Governor'sOfficeofBusinessandEconomicDevelopment140010thStreet,2ndFloorSacramento,CA95814(916)322-0694/(877)345-4633Website:http://business.ca.gov/
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CaliforniaSmallBusinessGrants
1) InnovativeCleanAirTechnologies(ICAT)ProgramAgency:
Ø CaliforniaAirResourcesBoard.
PurposeofProgram:Ø Theprogramprovidesfundingforthedemonstrationofinnovativetechnologiesthatreduceairpollution.
TypeofFunding:
Ø Fundingisintheformofgrants.
Eligibility:Ø ICATfundsbusinessesandentrepreneurswithtechnicalinnovationsthatwillimproveemissionprevention
orcontrol.ProjectsmustdemonstratetheircommercialutilityinCalifornia.ICATseekstoassisttechnologiesthathelpreduceairemissionswhilepromotingnewindustriesandjobsinCalifornia,improvingindustrialproductivityandreducingcontrolcosts.
ContactInformation:
Ø SeongParkTelephone:(916)324-9287Fax:(916)[email protected]
Ø InnovativeCleanAirTechnologiesProgramResearchDivisionCaliforniaAirResourcesBoard1001IStreet,Suite540Sacramento,[email protected]://www.arb.ca.gov/research/icat/icat.htm
2) ElectricProgramInvestmentCharge(EPIC)Agency:
Ø CaliforniaEnergyCommission.
PurposeofProgram:Ø EPICisdesignedtoassistthedevelopmentofnon-commercializednewandemergingcleanenergy
technologiesinCalifornia,whileprovidingassistancetocommerciallyviableprojects.EPICconsistsofthreeprogramareasfundedatatotalof$162million/year:
o Appliedresearchanddevelopment($55million/year);o Technologydemonstrationanddeployment($75million/year),and;o Marketfacilitation,consistingofmarketresearch,regulatorypermittingandstreamlining,and
workforcedevelopmentactivities($15million/year).
TypeofFunding:Ø Mostofthefundingisintheformofawardcontractsand/orgrants.
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Eligibility:Ø EPICsolicitationswillbeopentoallpublicandprivateentitiesandindividualsinterestedinelectricityrelated
appliedresearch,technologydemonstrationandmarketfacilitation.EligibilityforreceivingEPICfundingthroughthecompetitiveprocessisbaseduponthespecificscreeningandscoringcriteriasetforthinthesolicitationapplicationmanual.
Ø ProgramEligibilityRequirements:
o AppliedResearchandDevelopment§ 3-YearProgramAreaFunding:Upto$158.7million§ EstimatedMin./Max.AwardperRecipient:$250,000to$3million§ MatchFundingRequirement*:None§ EstimatedFundingtoMatchFederalProgramInvestments:Upto10%tosupportfederalcost
shareopportunitieso TechnologyDemonstrationandDeployment
§ 3-YearProgramAreaFunding:Upto$129.8million($27millionforbioenergy)§ EstimatedMin./Max.AwardperRecipient:$1millionto$5million($100,000to$5millionfor
bioenergyprojects)§ MatchFundingRequirement:20percentoftherequestedEPICfunds§ EstimatedFundingtoMatchFederalProgramInvestments:Upto10%tosupportfederalcost
shareopportunitieso MarketFacilitation
§ 3-YearProgramAreaFunding:$43.3million§ EstimatedMin./Max.AwardperRecipient:$25,000to$3million§ MatchFundingRequirement:None§ EstimatedFundingtoMatchFederalProgramInvestments:None
*Note:IntheareaofAppliedResearchandDevelopment,matchedfundingisn’tarequirement,butproposalsthatdoprovidematchedfundingwilltypicallyscorehigher
ContactInformation:
Ø ErikStokesCaliforniaEnergyCommission1516NinthStreet,MS-43Sacramento,CA95814Telephone:(916)327-1399Email:[email protected]
Ø PamelaDoughmanCaliforniaEnergyCommission1516NinthStreet,MS-45Sacramento,CA95814Telephone:(916)651-2934Email:[email protected]
3) TheBuyCaliforniaInitiativeAgency:
Ø DepartmentofFoodandAgriculture.
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PurposeofProgram:Ø TheprogramboostsconsumptionofCalifornia'sagriculturalcommoditiesandassistsandsupportactivities
thatpromotespecialtycropproducers.
TypeofFunding:Ø Grantsareavailableinavarietyofcategories.
Eligibility:
Ø Grantsareofferedtocompaniesconcernedwithcriticalissuesassociatedwithprogramareassuchasresearch,agriculturaleducation,nutrition,foodsafety,andpestanddiseaseeradication.
ContactInformation:Ø CrystalMyers
DirectorofGrantManagementProgram1220NSt,SuiteA-400Sacramento,CA95814Telephone:(916)657-3231Fax:(916)651-7899Email:[email protected]:http://www.cdfa.ca.gov/mkt/mkt/buyca.html
4) TireGrantProgramAgency:
Ø IntegratedWasteManagementBoard.
PurposeofProgram:Ø Theprogrampromotesthereductionofwastetiresgoingtolandfillsandeliminatesthestockpilingofwaste
tires.Grantprogramsfundthecleanupandabatementofoldtires,therecyclingoftirematerials,andtheeducationofproperdisposaloftires.
TypeofFunding:
Ø Grantsareprovidedinspecifictireareas,including:o LocalGovernmentWasteTireCleanupo RubberizesAsphaltConcreteo WasteTireAmnestyDayo WasteTireEnforcemento WasteTirePlaygroundCovero WasteTireProductionCommercializationo WasteTireTrackandOtherRecreationalSurfacing.
Eligibility:
Ø Eligibilityvaries,dependingonthetypeofproject.Businessesthatfocusonresearch,businessassistance,marketdevelopment,productprocurement,amnestyevents,andtirepileclean-upmayqualify.
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ContactInformation:Ø CalvinYoung,ProgramSupervisor
Telephone:(916)341-5062Toll-free:(866)896-0600Email:[email protected]:http://www.calrecycle.ca.gov/tires/grants/
5) ReplacementofUndergroundStorageTank(RUST)Program–GrantsAgency:
Ø StateWaterResourcesControlBoard.
PurposeofProgram:Ø Theprogramhelpsownersandoperatorsofsmallindependentundergroundstoragetankscomplywith
legislativemandatesenactedin1999(SB989)toenhanceundergroundtanksandmonitoringsystems.
TypeofFunding:Ø Grantsareavailableforbetween$3,000and$50,000toeligibleUSTownersand/oroperators.(Lifetime
maximumlimitis$50,000perapplicant.).Ø Thisisnotareimbursementprogram.Workcannotbeginuntilyouhaveanagreementexecutedbythe
StateWaterBoard.
Eligibility:Ø GrantapplicantsmustbeaUSTownerand/oroperatorandmeetallofthefollowingrequirements:
o Theapplicantisasmallbusinessthatemploysfewerthan20full-timeandpart-timeemployees,isindependentlyownedandoperated,andisnotdominantinitsfieldofoperation;
o Thegrantapplicant’sprincipalofficeanditsofficersmustbedomiciledinCalifornia;o AllofthetanksownedandoperatedbythegrantapplicantaresubjecttocompliancewithHealthand
SafetyCodechapter6.7andtheregulationadoptedpursuanttothatchapter;o Thefacilitywherethesubjecttankislocatedhassold,atretail,lessthan900,000gallonsofgasoline
annuallyforeachofthetwoyearsprecedingthesubmissionofthegrantapplication;(GallonageisbasedupontaxablesalesfiguresprovidedtotheStateBoardofEqualization[BOE]onthegrantapplicant’sBOE401GSincludingScheduleG.)
o ThegrantapplicantisincompliancewithHealthandSafetyCodesections41954and25290.1,25290.2,25291,orsubdivisions(d)and(e)ofsection25292;(ThefacilitymustprovideacurrentUSTpermit,acurrentPermittoOperate,andproofofEVRcomplianceasevidenceofcompliancewiththisrequirement.)and
o ThefacilitywheretheprojecttankislocatedwaslegallyinbusinessretailinggasolineafterJanuary1,1999.(Thefacilitymustbelegallyoperatingcurrently.)
ContactInformation:
Ø JaniceClemonsDivisionofCleanWaterPrograms(916)341-5857P.O.Box944212Sacramento,[email protected]://www.waterboards.ca.gov/water_issues/programs/ustcf/rust.shtml
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