The California Enterprise Zone program continues to shine amid the global recession.  No longer is it simply seen as an additional incentive for a city to obtain, several key regions throughout the state are now pushing for an EZ approval in order to dramatically increase attractiveness to companies from around the nation.

One city in particular that has gone on record to pursure an EZ designation is Escondido.  The City Council made the decision to pursue a designation at its meeting Wednesday.

“Escondido has a good shot at it. If we can get it, it will be that much more powerful an incentive,” Councilman Dick Daniels said. “These are times when businesses are not thinking about relocating, but we want to be in position when they do. We have great potential for a business park.”

If the city is successful in becoming a new enterprise zone, they will be able to compete directly with the neighboring San Diego Regional Enterprise Zone.

Tags: bay area, blog, C & I Tax, california tax law, california tax news, canditax, CCC, central valley, certified public accountants, city of compton, compton, corporate savings, CPA, CPA firms, Enterprise Zone Tax Credits, Enterprise Zones, EZ, EZ tax credits, governor, imperial valley, incentives, inland empire, inner-city, los angeles region, northern California, orange county area, policy, qualify, sacramento area, san diego area, santa clarita, steve dotan, tax credits, tax professionals

This entry was posted on Wednesday, March 25th, 2009 at 4:23 am and is filed under Tax News. 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.