While going through the Enterprise Zone commentary this past week I found a great post by Randy Gordon, the President and CEO of the Long Beach Area Chamber of Commerce discussing the absolute need for the EZ program that the state of California provides.

Below are some of my favorite thoughts that he posted, “We are in a time of double-digit unemployment rates, significant underemployment, minimal economic diversity, budget deficits, and a record-high of inventory of vacant business and industrial space. Expansion, not elimination of the California Enterprise Zone program that rewards businesses and employees for locating and expanding in economically challenged neighborhoods, including a large portion of Long Beach, should be encouraged.

The California Enterprise Zone (EZ) Program does exactly that, which is why we will be asking you to follow our lead and contact your representatives in Sacramento and urge them to protect the Enterprise Zone Program and oppose any attempt to dissolve or decrease enterprise zone areas or incentives.

Tax incentives that are part of Enterprise Zones include such things as equipment, hiring, worker credits, tax deductions, and preference points that can help them secure state-sponsored contracts. In other words, tools that attract businesses and promote economic development.”

Tags: business expansion, enterprise zones in california, EZ program

This entry was posted on Wednesday, March 3rd, 2010 at 3:11 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.