Shasta County’s Business Climate and Incentives

Employee Job Credits, Fee Deferrals, and Waivers

CITY OF REDDING — JOB CREDITS FOR BUSINESSES THAT HIRE 10+ FULL TIME EMPLOYEES
In the City of Redding a job credit of $1,500- $5,000 per employee is available to companies creating 10 or more new full-time jobs at or above the area’s median hourly wage. These credits can be used to offset development fees up to $1 million per development. During the five-year effective period the business shall maintain at least 90 percent of the new jobs which the credits are based.

CITY OF SHASTA LAKE — JOB CREDITS FOR BUSINESSES THAT HIRE 10+ FULL TIME EMPLOYEES
In the City of Shasta Lake a job credit of $500 per employee is available to companies creating 10 or more new full-time jobs. These credits can be used to offset development fees up to $100,000 per development. During the five-year effective period the business shall maintain at least 90 percent of the new jobs which the credits are based.

INCENTIVES FOR LAND AND PROPERTY OWNERS

CITY OF REDDING — STILLWATER BUSINESS PARK
The City of Redding offers various benefits to businesses that purchase lots at Stillwater Business Park. Incentives are subject to agreements between the business and the City of Redding.

CITY OF SHASTA LAKE — BUSINESS IMPROVEMENT PROGRAM
Business and commercial property owners with storefronts along Shasta Dam Boulevard and Cascade Blvd are eligible to receive financial support for building improvements. A $2,500 grant and a matching $2,500 loan is available to those looking to upgrade and enhance their properties. Tenants need property owner consent and a minimum one-year lease agreement to qualify.

UTILITY RATE DISCOUNTS

CITY OF REDDING — ELECTRIC UTILITY DISCOUNTS
– Redding Electric Utility (REU) offers low rates to commercial customers including an added discount called the Economic Development Service (EDS) for new or expanding businesses requiring a significant electric load. Eligible businesses must see a monthly demand increase of 100 kW for three months within a year. EDS discounts apply for five years, starting at 25% in the first year and decreasing each year to 5% in the fifth year. Businesses must sign a 5-year contract with REU within one-year of eligibility. Businesses are not considered “new” if only relocating within the area.

– REU also offers Economic Attraction Service discount for manufacturing or industrial companies that expect their monthly electric demand to be at least 25 kW for six months in a year or reach 75 kW in any month. Discount rates are negotiated directly with REU. Businesses must sign a contract with REU within one-year of eligibility. Retail sales businesses are not eligible for this service.

CITY OF REDDING — NEW CONSTRUCTION ELECTRIFICATION REBATE
Redding Electric Utility (REU) business customers that install an energy-efficient heat pump water heater and/or smart Wi-Fi thermostat HVAC system in a new construction home or ADU are eligible for a $1,800 rebate. You must be a developer, general contractor, or owner-builder. Eligible new construction projects include single-family, multi-family (2-4 units), or accessory dwelling units (ADUs) and must receive electric service from REU. Both water heaters and HVAC systems must be installed before they qualify. City of Redding Building Permit is required. Maximum of 10 rebates per builder/contractor per program year. The program year runs from July 1 to June 30 of the following year.

CITY OF REDDING — ELECTRIC VEHICLE DC FAST CHARGER REBATE
Redding Electric Utility business customers that install an electric vehicle fast charger are eligible for a rebate. This rebate reduces upfront capital costs by $6,000 per installed eligible charging station, up to 5 stations every five years. To qualify, the station(s) must have a minimum capacity of 50kW, be between 208v and 600v, and be separately metered (only EV charger usage on the meter). Acceptable EV connector types include CCS, CHAdeMO, or Tesla. Charging stations must be permanently hardwired, and the customer on file must own the new equipment. Stations must have a 5-year minimum operating plan and complete the Customer Agreement assigning the LCFS credits generated by the station to REU. City of Redding Building Permit is required. Qualifying chargers under 200kW total capacity may also be suitable for reduced utility bills through a Demand Fee credit. If eligible, the Demand Fee credit will be applied to your bill for five years, ramping down 20% each year until the credit sunsets from the account.

CITY OF SHASTA LAKE — ELECTRIC UTILITY DISCOUNTS
City of Shasta Lake Electric Utility offers low rates to commercial customers with an added discount called the Economic Development Discount for customers located in the Shasta Gateway Industrial Park. Once applied, The Economic Development Discounts apply for 3 years, starting at 25% in the first year and decreasing each year to 5% in the third year.