Economic Development Subsidy Reports
This page provides public access to information on economic development subsidies granted by the city, as required by Government Code Section 53083. Reports are published prior to the subsidy, and remain accessible throughout the subsidy term.
Active Agreements Subsidy Reports:
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THRIVE Santa Ana (March 2, 2020)
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TACenergy (March 3, 2020)
5 Year Subsidy Reports:
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THRIVE Santa Ana (February 18, 2025)
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TACenergy (February 18, 2025)
Inactive Agreements Subsidy Reports:
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Vehicle Incentive Program (March 19, 2019)
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Caribou Industries (October 20, 2020)
New Reporting Requirements
Beginning January 1, 2025, Revenue and Taxation Code (RTC) Section 7213 requires local agencies to publish the information submitted to California Department of Tax and Fee Administration (CDTFA) about each tax revenue sharing agreement on their website.
TACEnergy
Agreement Term | Agreement commenced on April 1, 2020, and ends on December 31, 2045. The economic development subsidy be paid quarterly within thirty days of receipt from TACenergy of the required documentation per executed agreement. |
Subsidy Description | The economic development subsidy is equal to fifty percent (50%) of the sales tax received by the City quarterly, for each year, during the 25-year agreement period. No expenditure of public funds is anticipated by this agreement. |
Amount of Rebated Sales Tax | Since the commencement of the Agreement, $4,097,060 in total sales tax has been generated by TACenergy. The City has retained 50% of that amount: $2,048,530. |
THRIVE
Agreement Term | Agreement commenced on April 1, 2021, and ends on March 31, 2120. |
Subsidy Description | The economic development subsidy is in the form of a subsidized 99-year ground lease for 1901 W. Walnut Street, Santa Ana, CA, 92703. The estimated amount of lost revenue is estimated at $817,000, the appraised value of the property. |
Amount of Rebated Sales Tax | Property tax revenue to the City is anticipated to be approximately $1,500 per year. No sales tax revenue would be generated as a result of the economic development subsidy as the sales for a microfarm with organic produce would not be subject to sales tax. |