The State of California designated a limited number of Enterprise Zones throughout the state to encourage business expansion. For businesses located within an Enterprise Zone, this translates to California tax savings and incentives that can substantially reduce their operating costs. When those incentives are coupled with the additional local incentives, the opportunities and savings are greatly enhanced.

Located in Central California, the Stockton/San Joaquin Enterprise Zone provides business with easy access to all major markets. Interstate 5, State Highway 99, an airport, a nationwide railway system (Burlington Northern Santa Fe and Union Pacific) and the Port of Stockton (on the Deepwater Channel) provide our Enterprise Zone businesses with direct links to world-wide markets.  In addition to the tax incentives for businesses, the Stockton/San Joaquin Enterprise Zone has readily available and favorably priced properties (improved and unimproved), a semi-skilled and skilled workforce, and a public/private network that is committed to providing companies with a pro-business environment.

The Stockton/San Joaquin Enterprise Zone provides businesses with the following savings:

State Tax Credit Incentives

• Hiring Credit ($31,000+ per new employee over a five-year period)
• Sales & Use Tax Credit (On machinery purchases for manufacturing)
• Business Expense Deduction (Up to $20,000/year on tangible personal property)
• Net Operating Loss Carryover (Up to 100% carryover to future years)
• Net Interest Deduction for Lenders (May result in 3-4% increase on return of investment)

Local Incentives

• Reduced Fees -50% discount on Building Permit, Plan Check, Use Permit and Variance Fees
• Development Coordination
• Early Project Review (ERC) Meetings
• One-Stop Permit Centers
• Fee Deferral Program
• Fee Estimates
• Utility Tax Rebate
• Commercial Property Transfer Tax Rebate Employee

Job Recruitment

• Customized Staff Recruitment services at no charge
• On-the Job Training Programs. Wage reimbursement for hiring & training qualified employees
• Specialized Training Programs tailored to your company’s specific needs

Financing Opportunities

• Small Business Administration (SBA) Financing SBA 504 and 7A – discretionary loan packaging fees are waived or deferred
• San Joaquin County Revolving Loan Fund (RLF) Loan packaging fees waived and discounted interest rate
• Stockton’s Façade Improvement Forgivable Loan Program and Downtown Financial Incentive Program

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This entry was posted on Friday, January 29th, 2010 at 4:39 am and is filed under Enterprise Zones. 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.