News and Views for the California Enterprise Zones » stats http://canditax.com/blog From the tax credit experts Mon, 16 Sep 2013 18:26:58 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Enterprise Zone Translates into Real Dollars http://canditax.com/blog/?p=628 http://canditax.com/blog/?p=628#comments Fri, 11 Dec 2009 11:56:26 +0000 admin http://blog.canditax.com/?p=628 Many different financial programs make big promises but fail to deliver, however the Enterprise Zone offers local businesses with true incentives to help offset expenses. The Salinas Valley enterprise zone is proving this concept with its latest announcement that Salinas Valley businesses have received approximately $1 million dollars in tax credits.

The TV station, KION, reported the announcement and gave the following report on the program, “The main purpose of an enterprise zone is job creation; businesses can get more than $37,000 in tax credits for every person hired. Also, lenders may be able to receive a deduction on their net interest and companies can also increase their ability to gain state contracts.”

]]> http://canditax.com/blog/?feed=rss2&p=628 0 SANTA CLARITA ENTERPRISE ZONE SEES RECORD-BREAKING MONTH http://canditax.com/blog/?p=545 http://canditax.com/blog/?p=545#comments Tue, 06 Oct 2009 05:22:56 +0000 admin http://blog.canditax.com/?p=545 Press Release from the City of Santa Clarita:
September, 2009 Marks Program’s Biggest Success
The City of Santa Clarita issued a record number of certificates for the Santa Clarita Enterprise Zone this September, which is the most in the history of the State program. The Santa Clarita businesses community has realized substantial tax savings since the City received its official Enterprise Zone designation from the State in July 2007.

In September 2009, the City issued a record 180 certificates for Enterprise Zone hiring tax credits. This amount is the highest number of certificates issued in a single month to date, with a potential savings of more than $6.7 million directly for City-based businesses.

Old Town Newhall’s Egg Plantation restaurant is one of the many local businesses taking advantage of the hiring tax credit option in the Santa Clarita Enterprise Zone.

“The City’s Enterprise Zone is an incredible program. Being a part of it has saved our business on our California taxes and positively impacted our bottom line,” commented Simon Mee, owner of Egg Plantation.

The increase in certificates issued is attributed to enhanced outreach efforts as part of the goals of the 21-Point Business Plan for Progress, which includes increased Enterprise Zone marketing outreach to get the word out to as many businesses as possible. This effort has resulted in a significant increase in the number of vouchers received by the City. Approximately 97 percent of all commercial, business and industrial-zoned land within the City of Santa Clarita is included in the boundaries of the Santa Clarita Enterprise Zone.

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