Category Archives: Blog
BREAKING NEWS: Anaheim and Tulare County Receive Final Enterprise Zone Designation
On October 10, 2011 HCD issued a memo that they would be moving ahead with the final designation process for eight remaining zones that had previously received conditional designations. In that memo, a 180 day deadline was established for all of those zones to comply with all of their conditions or lose the opportunity to [...]
5 New Zones: Taft, Hesperia, Tulare, Pittsburg, & Sacramento
Here is the press release from HCD: California Department of Housing and Community Development Announces Five New Enterprise Zones to Boost California’s Economy Sacramento – Helping to grow jobs and improve California’s business climate, the California Department of Housing and Community Development today announced the conditional designation for five Enterprise Zones statewide. The zones are [...]
Enterprise Zone elimination not included in 2011 Budget
Today the governor signed the 2011-2012 budget, which did not include the elimination, or reform, of the Enterprise Zone program. This is a huge victory for businesses and employees alike and I would like to thank you for your steadfast support over the past 6 months. Together, we sent more than 10,000 letters to legislators and the governor in support of the Enterprise [...]
Join the Fight to Keep the Enterprise Zones
Thank you for joining our fight to save California’s landmark Enterprise Zone program. Together, we have delivered more than 1,000 letters to California legislators sharing the positive impact Enterprise Zones have on our local communities. But more can be done. Five Republican senators who are currently negotiating with the governor have made saving and reforming [...]
Fresno Council Supports Enterprise Zones
Fresno, CA)—The City of Fresno has come out in full support of the California Enterprise Zone Tax Credit program. During a city council meeting yesterday, the council passed a resolution opposing the governor’s budget proposal to end Enterprise Zone tax incentives. “Like many cities in the Central Valley, Fresno was hit disproportionately by this recession. [...]
Multi-Billion Dollar Unemployment Payments
New Report Reveals that California spent $23 billion on unemployment payments in 2010 (Sacramento, CA)—A new report issued today by the California Employment Development Department underscores the need for continued investment in California’s Enterprise Tax Credit program. According to the EDD, the state paid out $22.9 billion in unemployment insurance benefits in 2010, which is [...]
Local Reactions to Budget Rumors
A possible 2011-12 state budget item to cut enterprise zones and redevelopment agencies has Yuba-Sutter officials concerned that doing so would kill local economic growth. The proposal is rumored to be part of new Gov. Jerry Brown’s initial state budget, which is scheduled to be released Monday. But many local officials working to bring jobs [...]
Three New Enterprise Zones
Three new Enterprise Zones were conditionally designated on December 15, 2010. The new Zones are as follows. We have obtained two proposed boundary maps for your reference. These Zones still require final certification before these boundaries are officially recognized by the state. Anaheim Enterprise Zone In Anaheim the Enterprise Zone boundaries include nearly all of [...]
Enterprise Zone Lures Jobs from Nevada and China
From the Imperial Valley Press: CALEXICO — The green technology company Innertech Inc. is planning to break ground in about 60 days, creating hundreds of jobs for Imperial Valley residents, a company official said. An energy-efficiency technology manufacturer, Innertech will generate roughly 600 long-term manufacturing, assembly, distribution and training jobs in the first year, Innertech Inc. [...]
New Hire Act
Employers may qualify for two new tax breaks when they hire someone who has not worked more than 40 hours in the past 60 days. These breaks are part of the Hiring incentives to restore employment. 6.2 percent payroll tax exemption You may be exempt from your 6.2 percent share of social security tax on [...]