Incentives and Services

The North Bay Life Science Alliance is working closely with government agencies and life science companies to take advantage of allowable tax benefits.

The results are paying off. Recently, two companies located in the North Bay Region were awarded tax credits by the California Competes Committee totaling more than $2 million dollars.

In addition, there are three programs you should be aware of, which are available through the Governor's Office of Business and Economic Development:

> California Research Credit
> State Incentive Programs
>
California Competes Tax Credit

Success Stories

With assistance from the North Bay Life Science Alliance, Ultragenyx was awarded $2.1 million in state tax credits through California Competes tax credit program.

The company plans to use the credit to hire 180 new employees.

Also, in an effort to support the construction of BioMarin’s new laboratory, which is expected to cost $51 million, the City of San Rafael waived a portion of the required construction fees. BioMarin will be required to pay $255,000—half of the standard $510,000 fee.

"The industry is growing and we have seen the North Bay become an attractive location for companies large and small. We are excited to see the North Bay Life Science Alliance roll out the welcoming mat."

Gail Maderis, President and CEO, BayBio

Local Support

There are many local and regional resources dedicated to supporting life science businesses in the North Bay.

Governor’s Office of Business and Economic Development

Local Business Resources

Governor’s Office of Business and Economic Development
Marin Small Business Development Center Renaissance Entrepreneurship Center
1115 Third Street
San Rafael, CA 94901
+1 415 755 1100
Napa-Sonoma Small Business Development Center Napa County Services:
Napa Valley Community College
2277 Napa Vallejo Highway, Bldg 3300
Napa, CA 94559
+1 707 256 7250
Sonoma County Services:
1377 Corporate Center Parkway
Santa Rosa, CA 95407
+1 707 256 7250
Solano Small Business Development Center Solano Community College
360 Campus Lane, Suite 102
Fairfield, CA 94534
+1 707 864 3382
BayBio 250 E. Grand Ave. Suite 26
South San Francisco, CA 94080
+1 650 871 3250

Financing and Venture Capital

The North Bay Region is attracting different types of financing from the Bay Area and around the world. There is a diversity of lenders in the region, including local community banks, credit unions and global lenders.

NBLSA is building relationships with these financial institutions. If you are thinking about relocating your life science business to the North Bay, or are looking for financial options here, please contact us.

Here is a list of regional institutions that have either a focus on life science or in business lending:

Venture Capital / Angel Funds

Alta Partners San Francisco, CA
ARCH Venture Partners San Francisco, CA
Burrill & Company San Francisco, CA
Cargill Ventures San Mateo, CA
Clarus Ventures South San Francisco, CA
Column Group San Francisco, CA
Draper Richards L.P. Menlo Park, CA
Founders Fund San Francisco, CA
Kearny Venture Partners San Francisco, CA