Press release from Siskiyou County:

Siskiyou County Economic Development council responded quickly to Senator Doug LaMalfa’s request for supporting documents to ensure the continuation of the Enterprise Zone program in California.  Governor Jerry Brown announced shortly after taking office that the enterprise zone tax credits may be eliminated in the new budget.  The SCEDC provided the Senator with a letter of support and testimonials from many Siskiyou County businesses who utilize the enterprise zone program.

January 5, 2011

The Honorable Doug LaMalfa                       

CA State Senator, 4^th District

State Capitol, Room 3070

Sacramento, CA 95814

Dear Senator LaMalfa:

The Siskiyou County Economic Development Council fully supports your efforts to ensure the continuation of the California Enterprise Zone program. The Siskiyou Enterprise Zone was created on June 22, 2008. The Siskiyou County Economic Development Council administers the zone in service of its eight partner cities and the County of Siskiyou.

 

The SCEDC works with its partner cities, CPA’s and businesses to help them utilize the program. The program has grown from 260 employee tax credit vouchers processed in 2008 to 542 vouchers processed in 2010.   Sixty-six employers voucher employees through the SCEDC of which 61 are categorized as small companies with less than 50 employees. The 542 vouchers processed in 2010 represent 542 jobs created within Siskiyou County.  

 

The value of enterprise zone tax credits to Siskiyou County employers is considerable given the number of privately owned, small businesses who use the program. The dollars that they are able to reinvest in their companies are critical to the economic recovery and growth in Siskiyou County.

 

Sincerely,

Tonya Dowse

Executive Director

Tags: CAEZ, california enterprise zone, california tax law, Enterprise Zone, enterprise zone news, Enterprise Zone Program, Enterprise Zones, hiring credits, hiring tax credit, Senator Doug LaMalfa, Siskiyou County, Tax News

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