Richmond’s Office of Economic Development (OED) helps business owners relocate existing operations, works with entrepreneurs and investors to locate businesses for sale, and facilitates business-to-business transactions.
Richmond’s Revolving Loan Fund (RLF) offers four loan options, from $5,000-$100,000, for the development of new businesses and the expansion of existing business:
. Download a
Tax Credits and Hiring Incentives
Richmond enables businesses to save thousands – even millions – of dollars through a variety of tax credits and cost reductions. to learn more about credits and incentives and see if your business is eligible, visit our
Tax Credits and Hiring Incentives webpage.
Businesses hiring a resident from a State-recognized Targeted Employment Area (TEA) can immediately qualify for the hiring tax credit.
View the TEA Street Ranges by Directional Listing.
HUB Zone Empowers Business
As a designated U.S. Small Business Administration HUB Zone, Richmond helps certified small businesses gain preferential access to federal procurement opportunities, including competitive and sole-source contracting, and a 10% price evaluation preference.
California Economic Development Initiative
Through the state’s GO-Biz program, businesses can compete for available tax credits based on the number of jobs created or retained, the extent of poverty in a business development area and minimum compensation limits. Visit
Richmond helps stimulate and attract new investment and reduce the cost of starting and operating a business by providing access to technical assistance such as counseling, workshops, classes, business plans, marketing, credit repair, legal consulting, financing, employee recruitment, tax credit information, façade improvement, and website design. Most of these services are provided at no or reduced cost to business owners.
Small Business Classes and Workshops
Click on the flyer to learn more!
Additional Business Resources
The Richmond Chamber of Commerce helps to foster growth in Richmond and West Contra Costa. Contact the Chamber at 510-234-3512 or visit www.rcoc.com.
The East Bay Economic Development Alliance (East Bay EDA) is helping to establish the East Bay as a preferred location to grow businesses, attract capital and create quality jobs. Visit www.eastbayeda.org.
The West Contra Costa Business Development Center provides entrepreneurs with individualized services, from business consulting and entrepreneurial training to securing financing. Visit www.wccbdc.org.
Business & Economic Development Assistance
For more information on these programs and other business services, contact:
Senior Business Assistance Officer
City Manager’s Office
450 Civic Center Plaza, Third Floor
Richmond, CA 94804