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Monday, January 28, 2008

Banners Promote Enterprise Zones

On Monday, January 14, 2008, the City of Santa Clarita unveiled its newest advertising tool for promoting the Enterprise Zone – 100 street pole banners placed throughout the industrial and commercial areas of the City. The banners will provide an awareness of the newly designated Santa Clarita Enterprise Zone while reminding businesses that they can save money just by being located “in the Zone.”

The Santa Clarita Enterprise Zone covers more than 8,500 acres representing nearly 97% of all commercial and industrial zoned land in the City. A State of California program, Enterprise Zone benefits include tax hiring credits, sales and use tax credits, business expense deductions, and net interest deductions for lenders. Enterprise Zones lead to more jobs, less poverty, and long-term financial stability.

“The Santa Clarita Enterprise Zone is another great benefit to businesses located in our City,” stated Mayor Bob Kellar. “Put this together with the City having no business license or utility user fee, and local businesses should realize significant savings at tax time. The City is dedicated to serving the business community, and bringing an Enterprise Zone to Santa Clarita should make businesses more successful by reducing their tax burdens and increase the number of local jobs available to our residents.”

City staff is available to answer questions regarding the program, set up individual appointments either at City Hall or at individual places of business, and will also pre-screen potential employees for certificates of eligibility that can lead to vouchers for tax credits for businesses.
For more information and/or to receive a Santa Clarita Enterprise Zone brochure, please contact the City of Santa Clarita’s Economic Development Division at (661) 255-4347 or visit the web site at scenterprisezone.com.

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