In a press conference yesterday, Mayor Antonio Villaraigosa welcomed financial software provider BlackLine Systems to the City of Los Angeles.

As part of its relocation, BlackLine will receive the benefits of the ‘State Enterprise Zone Program’ and the ‘Business Tax Holiday’ which entitles the company to a rate discount from the Los Angeles Department of Water and Power, hiring tax credits and a 3-year exemption from the gross receipts tax, respectively.

“Blackline Systems’ move to Los Angeles highlights the larger trend of businesses moving to our city to take advantage of our competitive business policies such as the State Enterprise Zone Program and the Business Tax Holiday,” said Mayor Villaraigosa.

Read the full arrticle.

Tags: california enterprise zone, california tax law, corporate savings, Enterprise Zone Program, Enterprise Zones, EZ tax credits, hiring tax credit, hiring tax credits, tax credits

This entry was posted on Wednesday, February 16th, 2011 at 11:26 am and is filed under Enterprise Zones, Tax News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.