As the federal government continues adding to its economic stimulus efforts, city and state governments are contracting their number of employees along with public projects to preserve capital.

“The state right now is doing the exact opposite of what an economist would do,” said Bill Watkins, the executive director of the UCSB Economic Forecast Project. “There’s definitely not a consensus among economists that stimulus spending is the right approach … but you can’t find an economist who would say you should raise taxes and cut spending in a recession, which is what the state is doing.”

To help combat the current economic issues that are plaguing small businesses in the region, the city of Oxnard in Ventura County is petitioning to be added to the state’s Enterprise Zone program.  This would assist small and medium sized businesses with a wide variety of tax benefits and would attract companies to move into the area.

The city of Oxnard would waive some of its permit fees for businesses in the enterprise zone and allow developers to defer other fees until their projects are finished.

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