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West Sacramento Receives Final Designation

Here is a press release from the City of West Sacramento:

CONTACTS: Ernesto Lucero, City of West Sacramento
916-617-4539

FOR IMMEDIATE RELEASE

CITY OF WEST SACRAMENTO RECEIVES
ENTERPRISE ZONE DESIGNATION

West Sacramento, Calif., March 2, 2010 – The City of West Sacramento today announced that it has received final designation as an Enterprise Zone by the California Department of Housing and Community Development.

The West Sacramento Enterprise Zone extends throughout the majority of the City and includes portions of the Clarksburg area. The zone has been granted designation until January 2023.

“This is an important step in our continuing efforts to strengthen and diversify our City’s economy,” said Christopher Cabaldon, West Sacramento Mayor. “The tax benefits and other financial incentives that this program provides are an important tool for encouraging the type of business and job growth we want to see here.”

The California Enterprise Zone program provides special state and local incentives to encourage business investment and promote job creation in economically distressed communities. There are currently 42 Enterprise Zones in California.

Businesses located within a California Enterprise Zone are eligible for substantial State tax and financial benefits, including a hiring tax credit, sales and use tax credit, increased expense deductions, and preference for state contracts.

The City expects a substantial number of businesses to take advantage of the Enterprise Zone benefits. Businesses can receive more information about the benefits of locating in West Sacramento online at www.cityofwestsacramento.org.

California communities receive these designations from the State of California through a competitive process. While Zones have similar goals for improving the economic vitality of their communities, each is unique in the local incentives and special assistance they provide to the businesses located within the zone boundaries.

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