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Posts Tagged ‘new record’

Santa Clarita Hits New Enterprise Zone Benchmark

Friday, May 28th, 2010 | Enterprise Zones

In exciting news for the Santa Clarita Enterprise Zone, The Signal has just reported that local businesses have issued 248 vouchers for Enterprise Zone-eligible hires in April. This hits a new record for the Enterprise Zone and should help to reveal to other cities in the state how important this program is to increase employment.

This is the largest number of vouchers issued in a single month since the Santa Clarita Enterprise Zone began in 2007.

Each voucher represents an individual eligible for a voucher, and who has been hired by a local company.

The city has issued more than 1,700 vouchers for the program since its designation, helping nearly 200 local businesses by providing tens of millions of dollars in potential tax saving benefits.

“Since its inception, the Santa Clarita Enterprise Zone program has resulted in more than 1,700 employees hired by local businesses and has the potential to save participating businesses a collaborative $60 million dollars,” Mayor Laurene Weste said. “With 97 percent of commercial-zoned land within the city of Santa Clarita included in the boundaries of the Santa Clarita Enterprise Zone, thousands of city of Santa Clarita businesses are eligible for these amazing tax savings.”

 
 
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