In collaboration with the Latino Business Chamber of Greater Los Angeles, State Controller John Chiang will host a free small business tax seminar.  On the agenda is a discussion about the benefits of the California Enterprise Zone tax credit program.  The event will be held June 28, 2010 from 5-8 pm at the MALDEF Building downtown LA.

Northern California has been experiencing a tremendous pressure to retain jobs in the region due to the tech sector’s drop during the recession. And the tough times may not be over for workers in the area. Bayer HealthCare, one of the largest employers in Oakland and Berkley could leave the region altogether. With this in mind, Berkley and Oakland have partnered to offer a number of tax incentives.

One of the most prominent of these tax breaks could come from the Enterprise Zone program. Current estimates peg the tax break at $13 million dollars in savings over the next 10 years. “There’s a competitive process,” said Bayer spokeswoman Cathy Keck Anderson. “The enterprise zone for the region only strengthens the Berkeley site.”