California Enterprise Zone News

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.

Tags: California Enterprise Zone Tax-credits

This entry was posted on Monday, January 26th, 2009 at 9:10 am and is filed under California Enterprise Zone Tax-credits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.