Phillip Herrera

left_phil3In my 29th year of practice, my principal focus is to provide clients with innovative yet pragmatic government incentives that align with their business. I serve mid-sized clients to those in the Fortune 1000 across all sectors, including semiconductors, life sciences, and clean energy.

My true passion is helping California companies capture the necessary government incentives and grants to build more California jobs and capital investments. I have devoted my practice to several high-value California incentives, but namely: ETP for workforce training funds, CAEATFA for full Sales & Use Tax Exclusion (STE) and CCTC for State Income Tax Credits are my focus.

I have negotiated over 250 ETP awards, in a broad range of industries, including multiple awards in excess of $5M. However, I am most proud that with these ETP awards, my clients have contractually agreed to “Grow California” with thousands of new jobs and over $50M of workforce training investments.

In coordination with an associate firm, we have negotiated over $60M in CAEATFA STE Incentive funding for our manufacturing and R&D clients. As one of California’s most rewarding programs, this “above the line” tax incentive allows a 100% abatement from all California state and local sales/use tax. Since its inception in 2010, only 230 companies have received CAEATFA STE awards.

I enjoy golfing, yoga, surfing, family, and supporting my local community. I was recently inducted in the Stockton Mexican Sports Hall of Fame, I swim from Alcatraz into Aquatic Park every year and hold the course tournament scoring record at the Brookside Country Club with a an astounding round of eleven under par 61*.

I hold both an Accounting and Master of Business Administration Degrees and spent several years in government tax accounting roles.

In Their Own Words…

Fred T. Rose

“Herrera & Company helped Abbott Diabetes Care, another member of the Abbott Corporation family companies, secure and earn ETP funding. They came to Abbott Vascular highly recommended based on there years of ETP consulting work and long list of high profile clients. I am happy to announce that they did not disappoint. After preparing a thorough analysis that delineated the ETP opportunity, identified roles and responsibilities, and illustrated a complete project plan we followed there lead to secure a sizable award in December 2007. We are planning to earn the $1.5 million in our first 12 months then seeking additional ETP support. Lastly, we are excited about using electronic records for ETP reporting and leveraging the substantial investments in our LMS software.”

Fred T. RoseGroup Leader Learning, Abbott Vascular
Lynne Stasi

“Herrera & Company has been our ETP consulting firm for the past four projects. They understand the sophisticated training requirements of the highly skilled and educated workforce at KLA-Tencor. Phillip maintains an exemplary relationship with ETP staff, which has proved to be extremely important during the few situations when we needed to modify our training plans and during our post-project audits. Herrera & Company was held to a strict performance-based contract and was not paid until KLA-Tencor received payment from ETP.”

Lynne StasiDirector of Corporate Learning & Development, KLA-Tencor