At the Office of Economic and Business Policy (OEBP), we know that minimizing costs is just as important as earning revenue. Explore the items below to find ways to reduce your costs of doing business.
The New Business Tax Holiday exempts any new business from paying City of Los Angeles business taxes during its first three years of operation. Click here for more information on this valuable incentive for new LA businesses. |
Incentive Finder Tool
Local Preference Ordinance
The Local Preference Ordinance gives businesses in Los Angeles County an 8 percent competitive advantage in bids and proposals for City contracts. Non-proprietary City departments must consider bids from LA County businesses at 8 percent below their submitted value for contracts where selection is based primarily on the lowest bid. The ordinance also gives an 8 percentage point boost on contracts that are scored on a variety of other factors. Read More about the Local Preference Ordinance.
More Incentive Information
Get Cash for Saving Energy and Water (LADWP)
- The Los Angeles Department of Water and Power offers many different ways for you to receive cash rebates and lower your utility bill while reducing your impact on the environment.
Look for Business Tax Exemptions (Office of Finance)
- Certain businesses are exempt from paying business taxes over a specified period. Exemptions include most new business, small businesses, and creative artists.
Look for Business Incentive Zones
- Moving your business to a Business Improvement Zone can help you lower costs by taking advantage of a combination of innovative tax incentives, federal grants, and partnerships.
Contact the OEBP Business Concierge for personalized support and assistance.