Shasta County’s Business Climate and Incentives

Discover a business-friendly environment in Shasta County that fosters growth and provides an array of incentives, ensuring an advantageous landscape for companies of all sizes to thrive and succeed.

Shasta

Shasta County Businesses by Number of Employees

Unemployment Rate

Employee Type

Average Commute Time

Our key industries

Explore our vibrant economic landscape shaped by these thriving industries. Whether you’re planning to expand your business or embark on a new venture, you’ll discover abundant opportunities to grow and thrive in this community. The industries below play a vital role in our local economy, providing well-paying jobs and contributing to the overall well-being of our region.

Forestry & Wood Products

Shasta County, California is home to the highest number of forest product producers per capita in the state.

Manufacturing

With easy access to West Coast markets, an educated workforce, and low operating costs, Shasta County is an ideal location for manufacturing companies to expand.

Engineering & Design

Unlock growth and partnerships by working with our business-friendly city and county governments.

Healthcare

Benefit from the strong R&D infrastructure, low costs, and thriving ecosystem of medical professionals in Shasta County.

Economic Indicator

83,577 workers call Shasta County home

“Upon my arrival in 1993, I was immediately struck by the community’s warmth and hospitality. This played a significant role in my decision to remain here, where I have raised my children and established an employment agency. It was easy to fall in love with this community and it didn’t take long for me to realize that I had come to view Shasta County as my true home.”

Heidi Corrigan, CEO of O2 Employment Services

Economic Indicator

83,577 workers call Shasta County home

“Upon my arrival in 1993, I was immediately struck by the community’s warmth and hospitality. This played a significant role in my decision to remain here, where I have raised my children and established an employment agency. It was easy to fall in love with this community and it didn’t take long for me to realize that I had come to view Shasta County as my true home.”
“Upon my arrival in 1993, I was immediately struck by the community’s warmth and hospitality. This played a significant role in my decision to remain here, where I have raised my children and established an employment agency. It was easy to fall in love with this community and it didn’t take long for me to realize that I had come to view Shasta County as my true home.”

HEIDI CORRIGAN, CEO OF O2 EMPLOYMENT SERVICES

HEIDI CORRIGAN, CEO OF O2 EMPLOYMENT SERVICES

Opportunity Zones

Investment in an opportunity zone enables a temporary deferral on capital gains for qualified investments made through a Qualified Opportunity Fund (QOF) established with the Internal Revenue Service (IRS).

Investors can defer federal capital gains taxes on the invested gain amounts until there is an event that reduces or terminates the qualifying investment in the QOF, or December 31, 2026, whichever is earlier.

In addition, if the investor holds the investment in the QOF for at least 10 years, the investor is not required to pay federal capital gains taxes on any realized gains from the investment. All QOFs must hold at least 90 percent of assets in qualifying Opportunity Zone properties or businesses.

Business Incentives

EMPLOYEE JOB CREDIT

$1,500 JOB CREDIT PER FULL TIME EMPLOYEE
In the City of Redding a job credit of $1,500- $5,000 per employee is available to companies creating 10 or more 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. In the City of Anderson the credit is $500 per job up to $500,000 per development. In the City of Shasta Lake the credit is $500 per job up to $100,000 per development.

UTILITY RATE DISCOUNTS

CITY OF SHASTA LAKE
New manufacturing facilities with a billing demand of 1 megawatt or more that locate within the City of Shasta Lake receive a discounted Economic Development [ED] Rate. In addition, all businesses located within the City’s Industrial Park are eligible for this Economic Development Rate, regardless of demand. This rate is in effect for 36 months and is not subject to change during that period.

CITY OF ANDERSON & UNINCORPORATED AREAS OF SHASTA COUNTY
Pacific Gas & Electric Company offers an Economic Development Rate (EDR) of 12 percent Standard Discount for five-years on electricity in Shasta County to eligible businesses. These rates are available to commercial and industrial businesses with 150 kW minimum threshold energy loads, as well as to small businesses below 150 kW, that currently operate or are considering operating in California. An 18% Enhanced Discount is available in the cities of Anderson and Shasta Lake.

NEW EMPLOYMENT CREDIT

Credit for each full-time employee hired based on wages that exceed 150% of the State minimum wage. Employee must meet certain qualifications. To be allowed the credit the business must be a qualified taxpayer within a designated geographic area and must have a net increase in the total number of full-time employees.
A Tentative Credit Reservation from Franchise Tax Board (FTB) is needed to qualify an employee for purposes of computing the credit. You will be able to request a TCR beginning on January 1, 2014. You must submit your application online. You will receive an immediate confirmation. You must request a TCR within 30 days of completing the Employment Development Department (EDD) New Hire Reporting Requirements.

MANUFACTURING, BIOTECH, R&D EQUIPMENT

Manufacturers and R&D industries can obtain a partial exemption of sales tax on certain manufacturing and research and development equipment purchases on the state tax rate portion, currently at 3.9375%, until June 30, 2022. When you make a purchase or lease you must provide the seller with a partial exemption certificate to obtain the reduced tax rate. Construction contractors performing a contract to construct or improve a special purpose building for a qualifying business may also purchase materials, fixtures, machinery and equipment under the partial exemption.

CALIFORNIA COMPETES CREDIT

The California Competes Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements will be negotiated by GO-Biz and approved by a newly created “California Competes Tax Credit Committee”

INDUSTRIAL DEVELOPMENT BONDS

Tax exempt securities for acquisition, construction, rehab and equipping manufacturing facilities. Low interest rate 20-30% below commercial, up to 30 years.

R&D TAX CREDITS

Tax credits for in-house research expenses and a 24% credit for basic research payments to outside organizations.

CALIFORNIA EMPLOYMENT TRAINING

Job training funds available to all California manufacturing companies, or relocating to California from other states or countries. Provides funds for trainees who successfully complete training and are retained in well-paying jobs for a specific period of time.

WORK OPPORTUNITY TAX CREDIT

An employer may qualify for a tax credit of up to $9,600 per employee if the employee is a member of a designated target group and meets that group’s specific requirements. Application must be completed and submitted within 28 days of hire.

Target Groups that Qualify for WOTC:

  • Qualified short-term recipients of Temporary Assistance to Needy Families (TANF)
  • Qualified veterans receiving Food Stamps or with a service connected disability or unemployed
  • Ex-felons hired no later than one year after conviction or release from prison
  • Vocation rehabilitation referral
  • Qualified Food Stamp recipients ages 18 through 39
  • Qualified Supplemental Security Income recipient (SSI)
  • Qualified long-term family assistance recipient
FEDERAL CONTRACT PREFERENCE

The HUBZone Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a “principal office” in one of these specially designated areas. Shasta County has 13 census tracts that qualify.

This is a great place to do business and we wouldn't go anywhere else

“Our employees feel that they are a part of something important to the community, and when we give them a family-wage job they settle down and love it here. It’s been a great place for us to be based out of.”

DARYL MASS, CEO of MAAS ENERGY WORKS

I believe we'll be the top family-dining brand in the country

“We’re growing nationwide. We’ve had people tell us we need to be in a bigger city, but this is where our heart, passion, and soul is. We’re going to be a big nationwide presence still headquartered here.”

BRUCE DEAN, CO-FOUNDER of BLACK BEAR DINER

I wouldn't be successful at this level if I hadn't started in Shasta County

“California is one of the largest economies in the world and there’s a ton of advantages to starting a business in Shasta County. The economics are fantastic, we have some really sharp talent, and we are in perfect striking distance to the bay area and the L.A. Basin.”

SEAN WEAVER, CEO of TECHNISOIL INDUSTRIAL

Redding is such a wonderful place for people to create new startups

“I stumbled into 3D concrete printing and saw that you could print a home with this giant robot, and my mind just kind of got blown. There have been lots of unexpected things along this journey, but knowing that families will have homes is the massive reward that makes it all worth it.”

MATTHEW GILE, FOUNDER of EMERGENT

It's beautiful the possibilities Redding offers small business owners

“It’s wild to think of where we’ve come from in the past 3 –4 years. Redding is in a really cool place. Every week new entrepreneurs, new businesses, and new creatives are popping up and it’s really beautiful to see.”

ELIZABETH WRIGHT, FOUNDER of THE MAKERY & ABODE

Business Taxes

TaxBase or MeasureRateAgency
Corporation Income or Bank and Corporation Franchise TaxCombined net income apportioned to California8.84%Franchise Tax Board
Sales and Use TaxReceipts from sales or lease of taxable items7.25-9.75%Board of Equalization
Property Tax100% of Assessed ValuationAvg. 1.1%Board of Equalization
Personal Income TaxTaxable personal income1-12.3%Franchise Tax Board
Unemployment Insurance Tax
(aka Payroll Tax)
First $7,000 of wages per employee per yearMax 6.2%Employment Development Department
Disability Insurance (employee paid)First $104,378 of wages0.9%Employment Development Department
Finished Goods, Raw Materials, and Inventory TaxNONENONENONE
Workers’ Compensation InsurancePer $100 of payrollVaries based on job classification, workplace safety record, and insurance carrierDepartment of Insurance, Department of Industrial Relations
TaxBase or MeasureRate
Corporation Income or Bank and Corporation Franchise TaxCombined net income apportioned to California8.84%
Sales and Use TaxReceipts from sales or lease of taxable items7.25-9.75%
Property Tax100% of Assessed ValuationAvg. 1.1%
Personal Income TaxTaxable personal income1-12.3%
Unemployment Insurance Tax
(aka Payroll Tax)
First $7,000 of wages per employee per yearMax 6.2%
Disability Insurance (employee paid)First $104,378 of wages0.9%
Finished Goods, Raw Materials, and Inventory TaxNONENONE
Workers’ Compensation InsurancePer $100 of payrollVaries based on job classification, workplace safety record, and insurance carrier

We’re proud to promote

The company we keep

Available properties and shovel ready sites

STILLWATER BUSINESS PARK
Shovel Ready Office & Industrial Sites
Redding, CA

STILLWATER BUSINESS PARK
Shovel Ready Office & Industrial Sites
Redding, CA

STILLWATER BUSINESS PARK
Shovel Ready Office & Industrial Sites
Redding, CA

STILLWATER BUSINESS PARK
Shovel Ready Office & Industrial Sites
Redding, CA

SHASTA GATEWAY INDUSTRIAL PARK
Shovel Ready Office & Industrial Sites
City of Shasta Lake, CA

SHASTA GATEWAY INDUSTRIAL PARK
Shovel Ready Office & Industrial Sites
City of Shasta Lake, CA

SHASTA GATEWAY INDUSTRIAL PARK
Shovel Ready Office & Industrial Sites
City of Shasta Lake, CA

SHASTA GATEWAY INDUSTRIAL PARK
Shovel Ready Office & Industrial Sites
City of Shasta Lake, CA

PAUL BUNYAN INDUSTRIAL PARK
Large General Purpose Industrial Lot
Anderson, CA

PAUL BUNYAN INDUSTRIAL PARK
Large General Purpose Industrial Lot
Anderson, CA

PAUL BUNYAN INDUSTRIAL PARK
Large General Purpose Industrial Lot
Anderson, CA

PAUL BUNYAN INDUSTRIAL PARK
Large General Purpose Industrial Lot
Anderson, CA

3480 HARTNELL AVE
Commercial Land
Redding, CA

3480 HARTNELL AVE
Commercial Land
Redding, CA

3480 HARTNELL AVE
Commercial Land
Redding, CA

20020 VIKING WAY
Commercial Land
Redding, CA

20020 VIKING WAY
Commercial Land
Redding, CA

20020 VIKING WAY
Commercial Land
Redding, CA

20020 VIKING WAY
Commercial Land
Redding, CA

Shasta County News

State of the City 2023 – Keeping a Balance

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