Since July 24, 2008, the City of Clovis has participated in the Enterprise Zone Program. During the past 20 months 33 businesses have begun to participate in the program, assisting with 160 being created or retained. The tax credits available through the program provide a total first-year potential savings of $1,996,800 and a potential five year potential savings of $5,990,400 for participating businesses. The attached resolution requests that the State of California continue to support the Enterprise Zone Program. The resolution is necessary because the state legislature is currently considering legislative bills that would cut or eliminate the Enterprise Zone Program.

Click here to read the full summary from the city (PDF Download Link).

Tags: clovis, clovis enterprise zone program, enterprise zone update

This entry was posted on Monday, May 17th, 2010 at 4:41 am and is filed under Enterprise Zones, Featured Zone. 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.