Centrally located, Fresno is the financial, industrial, trade, and commercial capital in the Central San Joaquin Valley. This dynamic city is the hub of a region rich in heritage, resources, and people. The home for a diverse mixture of industries, businesses, agencies and institutions, Fresno offers an ideal location and the tools you need to build a successful business.

Businesses in the zone – from large manufacturing companies to small neighborhood restaurants – can significantly reduce their state income taxes by taking advantage of special California Enterprise Zone tax benefits.

Located within the Fresno Enterprise Zone borders are affordable manufacturing and commercial sites, as well as unique retail locations.  The zone is within immediate access of two freeways, two state highways, the Fresno Yosemite International Airport and the Downtown Chandler Airport.  It is also in close proximity to a wide range of educational facilities, housing and other amenities.  These assets add up to an increasingly powerful ability to assist current businesses and attract new companies, jobs and investments.

A business located within the Enterprise Zone can receive tax credits each time it hires an eligible employee or purchases qualified new machinery, equipment or pollution control devices.  Incentives are also available to many employees who work in the zone and lenders who make loans to qualified businesses.  Most businesses in the Enterprise Zone are automatically eligible for benefits.  There is no certification process.

Tags: bay area, blog, C & I Tax, california tax law, california tax news, canditax, CCC, central valley, certified public accountants, city of compton, compton, corporate savings, CPA, CPA firms, Enterprise Zone Tax Credits, Enterprise Zones, EZ, EZ tax credits, governor, imperial valley, incentives, inland empire, inner-city, los angeles region, northern California, orange county area, policy, qualify, sacramento area, san diego area, santa clarita, steve dotan, tax credits, tax professionals

This entry was posted on Friday, May 22nd, 2009 at 4:01 am and is filed under Featured Zone. 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.