As the State of California’s economy continues through the recession, the California Enterprise Zone program offers local businesses a great opportunity to save money and reap sizable tax benefits.  In another great demonstration of the power of the EZ program, EDC President Greg O’Sullivan thinks Shasta County can grow its economic job base, despite Sacramento.

With the recession forcing many companies to put expansion plans on hold, the EDC is focusing more on business retention, O’Sullivan said, promoting the Shasta Metro Enterprise Zone, which gives hiring credits to businesses.

In the past year, the enterprise zone has grown from about 800 credited employees to 1,300 credited employees, accounting for $13.5 million in hiring credits to companies, O’Sullivan said.

This is another great example of the potential of the EZ program, if you have a business that resides in an Enterprise Zone, contact us directly to see what benefits you are entitled to.

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This entry was posted on Friday, May 29th, 2009 at 4:40 am and is filed under 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.