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L.A. Mayor Wants More EZ Expansions

According to the San Fernando Business Journal, Mayor Villaraigosa wants to pursue further expansions of Los Angeles’ Enterprise Zones as a feature of his business agenda:

Los Angeles Mayor Antonio Villaraigosa told members of the business community at the United Chambers of Commerce of the San Fernando Valley and Region’s honorary luncheon that he will continue pushing business-related reforms for the remainder of his term.

At the Mayor’s luncheon Sept. 22, Villaraigosa spoke of the recent steps he and his business team has taken to boost the city’s economic climate.

Those included pushing for the expansion of the city’s California Enterprise Zone in and around the San Fernando Valley, passing an ordinance that cuts taxes for local Internet businesses, passing a business tax holiday, and proposing a local preference ordinance, which would give local businesses more leverage in bids for government contracts.

The Business Tax Advisory Committee is suggesting even more business tax reforms for the city, Villaraigosa said.

“We’ve now put together a group to re-look at what we’ve done already and give us more suggestions on how we can better address our convoluted business tax situation in L.A.,” he said.

Besides efforts to expand the EZ, Los Angeles is also one of seven applicants for a new zone.

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