Businessowners: This free workshop will help local businesses to use the enterprise zone program to save money and jobs

WHAT: Senator Gloria Negrete McLeod, 32nd Senate District, in partnership with the San Bernardino Valley Enterprise Zone, will host a workshop to assist local business owners about the enterprise zone program.

The workshop will provide information about the tax credits and incentives available to businesses in the enterprise zone and share how they can encourage business growth and development.

Topics to be covered include:

• Hiring credit
• Sales and use tax credit
• Business expense deduction
• Net interest deduction for lenders
• Net operating loss carryover

Senator Gloria Negrete McLeod chairs the Senate Business, Professions and Economic Development Committee.

“Part of my job as chair of the committee is to ensure that economic development programs that support small business are working effectively,” stated Senator Negrete McLeod.

The enterprise zone program is one of the only remaining programs in California that continues to support business growth in the state. By offering businesses cost reductions through tax credits and business incentives, the program helps companies save thousands of dollars annually, which allows them to maintain their ability to employ more people and keep much needed capital in the local economy.

WHEN: November 12, 2009
8:30 a.m. to 10 a.m.

WHERE: City of Colton, Gonzales Center
670 Colton Ave., Colton, CA 92324
For reservations and more information contact Wendy Clements at (909) 382.4100 (ext. 230), or
info@sbvez.com.

SPONSORS: The event is sponsored by the City of Colton, City of San Bernardino Economic Development Agency, County of San Bernardino Economic Development Agency and Inland Valley Development Agency. A continental breakfast will be provided.