Northern California has been experiencing a tremendous pressure to retain jobs in the region due to the tech sector’s drop during the recession. And the tough times may not be over for workers in the area. Bayer HealthCare, one of the largest employers in Oakland and Berkley could leave the region altogether. With this in mind, Berkley and Oakland have partnered to offer a number of tax incentives.

One of the most prominent of these tax breaks could come from the Enterprise Zone program. Current estimates peg the tax break at $13 million dollars in savings over the next 10 years. “There’s a competitive process,” said Bayer spokeswoman Cathy Keck Anderson. “The enterprise zone for the region only strengthens the Berkeley site.”

Tags: bayer healthcare, northern California, oakland, tax incentives

This entry was posted on Monday, August 31st, 2009 at 4:33 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.