Four key points for CAEATFA
Eligible advanced manufactures in high tech, clean tech, and/or biotech looking to relocate or expand their manufacturing facilities in California may apply.
Applications are evaluated based on the estimated fiscal and environmental benefits of the project.
Approved companies may use the STE for purchases of manufacturing equipment and machinery for up to three years, or when the company has reached its maximum Qualified Property amount, whichever comes first.
Yes, there is an application fee of 0.05% of the Qualified Property among requested (min $25, max $10,000) and an admiratives fee of 0.4% of the Qualified Property amount purchased during the term of the award (min $15,000, max $350,000).