Small Business Leader Defends EZ
Bill LaMarr, executive director of the California Small Business Alliance, deftly responds to the Bee’s Board about teh EZ:
A March 8 editorial in The Bee (“Insiders vow lawsuits to save perks and pork”) called on businesses to drop our opposition to the proposed elimination of enterprise zones.
If someone tries to steal your property, you defend yourself and stop it.
The proposal to eliminate enterprise zones is like taking someone’s property and it’s illegal.
The state promised thousands of California companies that if they invested in enterprise zones they would receive tax credits. Eliminating them after businesses made those investments is a breach of contract. That’s why the state will be sued if it repeals enterprise zone tax credits.
But this is more than just a legal issue. Saving enterprise zones is essential to the state’s economic recovery. The program has created or saved more than 1 million jobs.
Tags: california, california enterprise zone, Enterprise Zone, Enterprise Zone Program, Enterprise Zone Tax Credits, Enterprise Zones, EZ tax credits, hiring credits, hiring tax credits, tax credits