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1398 Update

Yesterday I attended the second of two stakeholder meetings in Sacramento to discuss potential changes to the Enterprise Zone program proposed in AB 1398.  It appears that this may not be the year for radical changes (it seems there may be a bit of a budget crisis or something).  The most significant change proposed in the bill, to alter the credit calculation from its current 50-40-30-20-10 formula, is now being removed leaving us with the status quo.  What the bill will do is to harmonize the four “G-TEDA” programs into a single “Enterprise Zone” hiring credit in order to simplify the administration and marketing of the program.  The resulting changes are all relatively minor, but do appear, at this point, to make sense.

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