EXCISE TAX REFUND
Weekly Featured Enterprise Zone: Ceres, CA
The City of Ceres continues to grow at a rapid pace. Over the past decade Ceres has experienced a nearly 90% increase in sales tax generated. Within the last five years development projects have included:
- WinCo Foods Distribution Center 107 acres/720,000 square feet
- Home Depot 10.67 acres/137,156 square feet
- Central Valley Marketplace 8.06 acres/83,710 square feet
- Food-4-Less
- Banking
- Dining
- Service
- Developing projects include the Ceres Commerce Center, an 8.8-acre, 87,000 square foot business park on Mitchell Road at the northern gateway into town. When complete the center will consist of 24 buildings; current construction includes buildings of 3,000 to 6,000 square feet.
At Ceres southern entrance—Mitchell Road at Highway 99—the 420-acre South Gateway Regional Commercial Center is also being developed. The center’s first large retail anchor will break ground in 2007 and major infrastructure projects, including the Service/Mitchell roads interchange are in process.
The Ceres Enterprise Zone encompasses most of the city’s industrial and commercial areas and includes 6,804 acres. An application is now in process—as part of a countywide effort—to expand the Zone by 132 acres, taking in nearly all commercial land on Mitchell Road. Property owners in Zone can take advantage of tax, financial and development incentives and business assistance.
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