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SC Enterprise Zone hits new milestone

Posted: May 5, 2010 1:24 p.m.
Updated: May 5, 2010 2:28 p.m.
 
The city of Santa Clarita issued 248 vouchers for Enterprise Zone-eligible hires for local businesses in April.

This is the largest number of vouchers issued in a single month since the Santa Clarita Enterprise Zone began in 2007.

Each voucher represents an individual eligible for a voucher, and who has been hired by a local company.

Established on July 1, 2007, the zone is designed to provide special California tax incentives to qualified businesses.

The city has issued more than 1,700 vouchers for the program since its designation, helping nearly 200 local businesses by providing tens of millions of dollars in potential tax saving benefits.

"Since its inception, the Santa Clarita Enterprise Zone program has resulted in more than 1,700 employees hired by local businesses and has the potential to save participating businesses a collaborative $60 million dollars," Mayor Laurene Weste said. "With 97 percent of commercial-zoned land within the city of Santa Clarita included in the boundaries of the Santa Clarita Enterprise Zone, thousands of city of Santa Clarita businesses are eligible for these amazing tax savings."

Local businesses looking to learn more about the program are encouraged to attend the city's next Enterprise Zone workshop on Wednesday, June 23 from 9 a.m. to 10 a.m. at the city's Transit Maintenance Facility, located at 28250 Constellation Rd., Valencia 91355.

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