The Business Attraction Incentive Program is a brand new program that incentivizes businesses that choose to relocate to the City of Torrance. This program will provide a measurable and meaningful reward to companies that boost Torrance's employment base and sales tax revenue.

Eligible businesses must meet the following criteria:

• A corporate tenant that brings a minimum of 100 additional professionals and/or skilled labor pool of employees above what previously existed on the site as evidenced using the company’s business license tax application: or
• A corporate tenant that results in a 20% increase for four (4) complete and consecutive quarters in the City’s share of sales generated above the preceding four (4) complete and consecutive quarters for the same specific tenant site.

The Benefits:

Businesses that are eligible for the Business Attraction Incentive Program can receive up to $100,000 per agreement with a one-time payment of $100 per added employee or one annual payment equal to 2% of the increased City's share of sales tax revenues from a complete and consecutive four-quarter period.