RCRC is pleased to present a webinar hosted by California Treasurer Fiona Ma entitled Resources for Local Governments. The webinar is scheduled to occur on Wednesday, May 26th at 10:00 a.m.
Treasurer Ma has identified programs within the Treasurer’s Office that offer both direct and indirect benefits to local governments. Indirect benefits include those programs that provide financial resources and/or tax credits to businesses in your communities, thus reducing the cost of operations and encouraging capital investment and job creation in local communities.Treasurer Ma will be joined by professional staff from each of the programs presented. There will be an opportunity for Q&A as the webinar unfolds.
Local Agency Investment Fund Program
The Local Agency Investment Fund (LAIF) Program offers local agencies the opportunity to participate in a major portfolio using the investment expertise of the Treasurer’s Office – at no additional cost to the taxpayer.
Director Kristin Szakaly-Moore and LAIF Administrator Christina Sarron will discuss the benefits of and recent changes to the LAIF Program.
California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)
The Authority has a number of programs that work collaboratively with public and private partners to provide innovative and effective financing solutions for California’s renewable energy, energy efficiency, and advanced transportation and manufacturing industries.
David Gibbs, Program Manager of the California Hub for Energy Efficiency Financing will present the Small Business Energy Efficiency Financing Program which provides financing options for energy efficiency retrofits for small-to-medium businesses.
Xee Moua with the Sales and Use Tax Exclusion Program will discuss the tax benefits for equipment purchases that promote alternative energy and advanced transportation companies in your communities.
Gabrielle Stevenson from the California Pollution Control Finance Authority will discuss the low-cost innovative financing solutions targeting California businesses and environmental industries, as well as the California Capital Access Program (CalCAP) which encourages financial institutions to make loans to small businesses.
CalSavers
CalSavers is California’s new retirement savings program created for the millions of Californians who do not have a way to save at their job. CalSavers was created by legislation passed in 2016 requiring California employers that do not already sponsor a retirement plan to participate in CalSavers – an automatic enrollment individual retirement account (IRA) with no employer fees and employers are not fiduciaries. For California workers, enrollment is easy, investing is simple, and accounts are portable.
Jonathan Herrera from CalSavers will present this program.
Register now and join RCRC and Treasurer Fiona Ma for this informative overview of programs that can benefit your community and the businesses that call it home.