Watsonville understands how important a thriving local economy is to the success of a community. In order to ensure that the economy here continues to thrive, we offer assistance to businesses of all types. The Watsonville Economic Development Team can help you with everything from finding the right property for your business to finding the resources you need to grow. We want to work with you and understand what you need to succeed. Please call us at (831) 768-3080 so that we can find you the right resources to achieve your dreams.
Business Loan Guarantee Program
Access to capital for small businesses who are unable to qualify for conventional financing has emerged as an obstacle to economic growth in Watsonville. The City has recognized the need to facilitate economic growth through innovative programs aimed at assisting small businesses obtain credit. The City of Watsonville Business Loan Guarantee Program assists Watsonville small businesses obtain credit by providing loan guarantees to lenders for transactions that do not meet traditional banking standards, but are considered “near bankable”. For more information on this program please visit our partner’s at the Santa Cruz County Bank.
It Pays to be “In The Zone”
Watsonville’s Enterprise Zone provides businesses with tax credits for simply hiring staff, investing in new sales and manufacturing equipment or even for investing in new fixtures. The EZ includes nearly every commercial property in town, so it isn’t hard to find the right place. Hiring one person can earn a business a credit of up to $37,440!
The City of Watsonville works with the Central Coast Small Business Development Center, El Pajaro Community Development Corporation, The Pajaro Valley Chamber of Commerce, The Workforce Investment Board, Golden Capitol Networks and others to help our local business. To learn more about how you can receive assistance from these partners, please call (831) 768-3080.