Enterprise Zones Get Another Boost From Shasta County
Friday, July 30th, 2010 | Enterprise Zones, Tax News
Brad Frost, Chairman of the Shasta County Economic Development Corporation, wrote an op-ed piece in today’s Redding Searchlight in which he praises the EZ as instrumental in improving economic conditions and creating jobs. The piece quotes Bob Luddy, President of Captive Air, a large Shasta County employer, who had this to say:
The opening of the Redding facility enabled Captive Aire to provide quick deliveries at lower costs to our Pacific West customers. In particular, the enterprise zone tax credits were a major consideration when deciding on this location. These tax credits resulted in significant tax savings which will greatly enhance our ability to sustain profits and thus ensure the stability of the California operations for the future.
It’s hard to argue against the hard facts attested to by those in the business community, especially when those opposed to the EZ are either politicians or unions, neither of which have impressive track records in running businesses and creating the jobs that everyone is talking about and that California so desperately needs.
The full piece can be read here.