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HCD Announces 3 New Enterprise Zones: Anaheim, Harbor Gateway and Santa Clarita Valley

HCD has announced three winners of the most recent round of Enterprise Zone applications. As reported here earlier, HCD received seven applications for two open slots. But with the application of two zones that have not yet expired, the total possible new designations climbed to four.

The following is from the Department’s press release:

– To assist in the creation of jobs and thereby improve California’s business climate, the California Department of Housing and Community Development (HCD) today announced the conditional designation for three Enterprise Zones statewide. The zones are Anaheim, Harbor Gateway and Santa Clarita Valley.

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 Schwarzenegger Administration has approved 36 Enterprise Zones in the last 4 years, the first new designations in the program since it was started in 1986. This program is vital in being able to compete in the global market to attract and retain businesses in California, while at the same time increasing the number of jobs with state and local incentives,” said HCD Director Lynn L. Jacobs.

The new designations will take the place of the zones set out in statute which expired in 2010. Each zone designation is in effect for 15 years.

The current Santa Clarita zone was designated in 2007. In order to create a zone in partnership with the County of Los Angeles to include some unincorporated areas, they opted to apply for this new zone which will then sunset the original zone once the new zone received final designation.

In the same press release, HCD also announced the start of its next designation round for two slots that will open when the Antelope Valley and Watsonville zones expire in 2012. The statement says that they plan to award the new conditional designations by August of 2011.

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