State Assemblyman Jose Solorio (D-Anaheim) just sent out a press release via email celebrating the new Anaheim Enterprise Zone which will be operational tomorrow, Feb. 1, 2012:
SACRAMENTO – State Assemblyman Jose Solorio (D-Anaheim) heralded the fact that the City of Anaheim Enterprise Zone designation will be effective starting tomorrow. He issued the following statement:
“As a fighter in the Assembly to save Enterprise Zones from statewide extinction, it is particularly gratifying to see the Anaheim Enterprise Zone designation finally get off the ground effective February 1.
The successful effort to bring Enterprise Zone designation to Anaheim is the result of much hard work by City officials and Anaheim business and community leaders. I’m glad the City will continue to partner with the Anaheim Chamber of Commerce to market the Enterprise Zone. With their efforts, the fight for jobs will be a lot more robust in Anaheim. It’s expected the Enterprise Zone will create 20,000 jobs in the next five years.”
The Enterprise Zone program, established by the State of California, serves to stimulate economic growth by providing hiring tax credits and other incentives for businesses located within the Enterprise Zone boundaries. To receive the hiring tax credit, businesses must employ local residents, those economically disadvantaged or the unemployed.
In Anaheim, the Enterprise Zone boundaries include nearly all of the city’s industrial and commercial areas, and approximately 80 percent of all Anaheim businesses. The Enterprise Zone designation is for 15 years. In Orange County, now both the cities of Anaheim and Santa Ana have Enterprise Zones.
State Assemblyman Jose Solorio is the Chair of the Assembly Insurance Committee and also serves on the Assembly Appropriations and Transportation committees. He represents the Sixty-Ninth Assembly District, which includes the cities of Anaheim, Garden Grove, and Santa Ana. For more information about Assemblyman Solorio, visit www.assembly.ca.gov/solorio.