The Center of the California Enterprise Zone Information Universe


5 NEW ZONES: Hesperia, Tulare, Pittsburg, Sacramento and Taft

I’m still trying to work out why we are getting 5 new zones instead of 4.

Here is the press release from HCD:

California Department of Housing and Community Development Announces Five New Enterprise Zones to Boost California’s Economy

Sacramento – Helping to grow jobs and improve California’s business climate, the California Department of Housing and Community Development today announced the conditional designation for five Enterprise Zones statewide. The zones are Hesperia, Tulare, Pittsburg, Sacramento and Taft.

“California Enterprise Zones give communities a chance to develop their economic potential, improve their quality of life and contribute to the state’s economy. Enterprise Zones are part of the Administration’s ongoing efforts to increase the number of jobs through state and local incentives,” said HCD Director Lynn L. Jacobs.

The California Enterprise Zone Program targets economically distressed areas using special state and local incentives to promote business investment and job creation. By encouraging entrepreneurship and employer growth, the program strives to create and sustain economic expansion in California communities.

The new designations will take the place of the zones set out in statute which expired or will expire in 2009. Each zone designation is in effect for 15 years.

Update - Breaking news from The Taft Independent:

he California Department of Housing and Community Development Announced Today that the City of Taft has won designation as an Enterprise Zone.
The Enterprise Zone designation is intended to create jobs and improve the state’s business climate.

Taft is one of five California cities that won the designation by the state Department of Housing and Community Development. The other cities are Tulare, Hesperia, Pittsburg and Sacramento.

“California Enterprise Zones give communities a chance to develop their economic potential, improve their quality of life and contribute to the state’s economy. Enterprise Zones are part of the Administration’s ongoing efforts to increase the number of jobs through state and local incentives,” said HCD Director Lynn L. Jacobs.

“This is the single most important building block for Taft’s economic growth that the city has had in many, many years,” said Lucille Holt, Taft City Grants Administrator. “Its good news because it is not just for new businesses, but for existing Taft businesses as well”

Holt said that the program is designed to get people back to work by providing businesses with tax credits.

The California Enterprise Zone Program targets economically distressed areas using special state and local incentives to promote business investment and job creation. By encouraging entrepreneurship and employer growth, the program strives to create and sustain economic expansion in California communities.

The new designations will take the place of the zones set out in statute which expired or will expire in 2009. Taft’s Enterprise Zone designation is in effect for 15 years.

Update 2: From the Sacramento Bee:

Sacramento was among five California communities receiving conditional designation Wednesday as an “enterprise zone,” under a state program designed to spur economic development.

The California Enterprise Zone Program targets economically distressed areas, using special state and local incentives to promote business investment and job creation.

Besides Sacramento, the communities of Hesperia, Tulare, Pittsburg and Taft were listed. Each zone designation is in effect for 15 years.

State officials said the new designations take the place of zones that had expired or are scheduled to expire this year.

Leave a Reply

You must be logged in to post a comment.

Follow maxshenker on Twitter

Receive By Email

Enter your email address and receive the EZ Policy Blog by email.

RSS

Categories