Local businesses in San Francisco may soon find themselves being able to take advantage of new state tax credits. Many people don’t realize that the San Francisco region is already an Enterprise Zone, however the city is considering applying for an expansion for 2010. One of the main areas that would benefit the most from an Enterprise Zone designation is the old Hunters Point Naval Shipyard, which has re-development plans for new stores, restaurants, etc. to bring life back into the area.

These plans are following up on the 2007 EZ expansion that increased the size of the zone to nearly 6,000 acres throughout the city.

Tags: designation, EZ, northern California, san francisco

This entry was posted on Wednesday, January 6th, 2010 at 4:54 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.