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Who Wants to Be a Zone in 2009? Update: Gardena

As I speculated earlier, the City of Gardena is planning on applying for one of the four open Enterprise Zone slots this year:

The Gardena City Council has decided to spend $42,000 on an application seeking designation of the city as a state Enterprise Zone, which will allow officials to offer business tax incentives.

The city applied for the designation last year but it was not approved. This year, city officials said they will have a better chance because of an improved application.

The city does not have a Redevelopment Agency, so city officials believe the Enterprise Zone designation would help attract desired businesses.

To qualify as an Enterprise Zone, an area must meet certain economic and distressed criteria.

Check the “2009 4 New Enterprise Zones” category for all of the updates on this topic.

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