Economic Development Team
The Shasta Lake Economic Development Team includes Project Manager (Fred Castagna 275-7487), the Development Services Director (Carla Thompson 275-7460), and the Permit Center Manager (Paula Madara 275-7460). This team helps recruit new businesses and maintains working relationships with our community's existing businesses. If you are interested in relocating to Shasta Lake or if you are an existing business with questions, please do not hesitate to contact one of our professionals. Click on their names to email or call them directly. They will be eager to explain all the programs available for new or expanding businesses.
Business Services include:
Business Incubator Building
- An incubator building to foster the growth of startup and young companies.
- A City-owned industrial park offering shovel ready sites at reasonable cost.
- Special economic development electric rates for qualifying businesses.
- An Enterprise Zone which provides significant tax credits for hiring and investment.
To help start-up businesses, qualifying entrepreneurs can secure low cost lease rates at the city's Business Incubator building. Currently, there are suites available with office and light manufacturing space that range from 576 square feet to 1344 square feet. Contact Project Manager (Fred Castagna 275-7487) for more information.
Shasta Gateway Industrial Park
The Shasta Gateway Industrial Park encompasses approximately 230 acres. It was developed and owned by the City of Shasta Lake. The first 50 acres were developed into 15 lots in 1993. The remain acreage is reserved for future expansion. There are presently two City-owned 3 acre lots available in Phase 1. For information about the industrial park, click here.
Economic Development Electric Rate
Shasta Lake offers an Economic Development electric rate that is available to new manufacturing facilities locating within the City that have a billing demand of 1 megawatt or more. In addition, all businesses located within the City's Industrial Park are eligible for the ED rate regardless of billing demand. This rate is in effect for 36 months and is not subject to change during that period. The current ED rates and corresponding Small Industrial Rate are listed below for comparison purposes:
Current Electric Rates
Shasta Metro Enterprise Zone
The California Enterprise Zone Program targets economically distressed areas throughout California. Special state incentives encourage business investment and promote the creation of new jobs. The purpose of the program is to provide tax incentives to businesses and allow private sector market forces to revive the local economy.
Nearly all of Shasta Lake's industrial and commercial properties are located within the Shasta Metro Enterprise Zone. Qualifying businesses in the Zone earn sales tax and hiring tax credits, business expense deductions, and net interest deductions. For more information and to confirm your property is within the Zone, visit our partner website at the EDC of Shasta County.
City Population and Housing Profile (2010 Census)
For more Business Services information contact
Fred Castagna, Project Manager