California Enterprise Zone

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Bull Moose Energy of San Diego, LLC – In the ZONE!

Tuesday, September 13th, 2011

A press release issued today by Bull Moose Energy of San Diego, LLC tells us that the company has recently executed a “large generator connection agreement” (sounds complicated) with the California Independent System Operator (CAISO).  I found the press release in the Wall Street Journal’s Market Watch online.

Bull Moose is an alternative energy generator – converting biomass from tree trimmings and other sources into electricity.  While that’s great, what caught my attention is that apparently the plant is expected to create about 240 jobs within the local California enterprise zone.  That includes 200 construction related jobs and about 40 permanent jobs on the site once construction has been completed.

 

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Grumpy Governor Obstructing CA Enterprise Zone Designations

Saturday, September 3rd, 2011

Denise Madrid of The Porterville Recorder summarized a provocative situation faced by up to nine “conditionally” designated California enterprise zones. Govern Jerry Brown’s office had directed California’s Department of Housing and Community Development (HCD), the bureaucracy that oversees the state’s EZ program, to drive with its brakes on.

Conditional-designation status is a normal phase in the lifespan of every new enterprise zone. Nine of the state’s 42 legally designated enterprise zones remain in limbo, however, as HCD delays action required to finalize their status.

The Sequoia Valley EZ, which includes Porterville, Lindsay, Exeter, Visalia, Tulare, Farmersville, Woodlake, and Dinuba and other parts of Tulare County, received its conditional designation status in 2009.

According to The Porterville Recorder,

“Linda Wammack, Porterville development associate, said that the city has learned the HCD is not issuing any final designations at the direction of the governor’s office.”

Wammack said there are nine jurisdictions in a conditionally designated status, two of which have been conditionally designated since 2007, four since 2009, and three since 2010.

“We’re all in limbo,” she said. “We’re all trying to come together for the governor to allow HCD to authorize our documents.”

Now, I don’t really know if Governor Brown is feeling grumpy about all this or not.  It was just this past January that he proposed eliminating the state’s enterprise zone program completely.  He lost that political battle . . .  maybe he just needs more time to get over it.

 

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CA San Bernardino Valley Enterprise Zone Having a Wiz-Bang Year!

Thursday, July 21st, 2011

According to an article published today in the Highland Community News, the San Bernardino Valley Enterprise zones is already at the brink of certifying more qualifying employees to date this year than it did during the entire year of 2010.

CA San Bernardino EZ

This is, of course, in reference to the program’s state hiring credit, which provides state tax reduction for employers that pay eligible employees to work within the boundaries of a CA enterprise zone.

In 2010, the SBVEZ certified 2,300 eligible employees for 182 employers. So far in 2011, the zone has received more than 2,000 employee applications from 145 employers. Easy to see that last year’s record will be easily beaten.

Accountants, payroll service providers, and other professional service firms with clients in the San Bernardino Valley would be wise to investigate the enterprise zone’s benefits. I can help . . . if you have questions please feel welcome to contact me. Vaughn Hromiko, vah@WOTCPlanet.com

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Expansion of the CA Coachella Enterprise Zone in Indio – 141.5 Acres Worth

Wednesday, July 20th, 2011

From City of Indio Website www.indio.org

KPSP Local 2 News reports today that the California Department of Housing and Community Development (HCD) has approved a 141.5 acre expansion of the Coachella Valley Enterprise Zone.

Good for them!

California’s enterprise zone program offers a hiring credit based on wages paid to qualifying employees.  Businesses investing in manufacturing and other qualifying equipment for use with the zone may also receive an income tax credit equal to the amount of sales or use tax paid in the acquisition.

Other benefits include the net interest deduction for lenders who offer credit to enterprise zone businesses and a relatively small business expense deduction for qualifying asset purchases.

 

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Salinas Valley Enterprise Zone Expanding to Castroville

Wednesday, July 20th, 2011

Central Coast News posted a short TV KION 46 news story yesterday about the expansion of the Salinas Valley Enterprise Zone.

The zone will now include Highway 183 and parts of Castroville. Read the story here.

An interesting  juxtaposition . . .  when you consider that California’s enterprise zone program just recently narrowly escaped being “reformed” out of existence.

The Salinas Valley Enterprise zone now includes parts of Castroville, Salinas, Gonzales, Soledad, Greenfield and King City with the County of Monterey.  Businesses interested in exploring possible tax benefits within the enterprise zones should visit the zone’s website at http://www.salinasvalleyez.com/. 

Please feel welcome to contact me with your questions.  Vaughn Hromiko,  vah@WOTCPlanet.com.

 

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CA Enterprise Zones Safe – New Positive Reforms In Play

Wednesday, July 6th, 2011

Most Californians are aware, if at least only vaguely, that our politicians finalized the state’s budget for the year and that Governor Jerry Brown has indeed signed off. That’s last week’s news. Many of us, I am sure, would have appreciated the option of being less aware as it was happening.

Now that all of California’s financial and economic problems have been solved, we can merrily focus on other more important things. Or not.

At least one thing of definite positive value emerged from the budget battle this year – the California Enterprise Zone program has been retained fully intact. It survived because as a substantive tax issue, any meaningful change would have required the agreement of at least two-thirds of California’s state legislators.

There is a bill (AB 1411) working its way through the legislature at this time that offers meaningful but non-tax related reform to Enterprise Zone program. Unlike the Governor’s previous proposals, this new bill can be passed by a simple majority vote – but it won’t harm enterprise zone businesses.

AB 1411, offered by Enterprise Zone supporter, Assemblymember V. Manuel Pérez (D-Coachella), seeks to increase the transparency and accountability of the program overall.

“The Enterprise Zone program is an effective tool for local economic development and job creation, and the reforms in this bill will help to better tell that story,” said Pérez. “These reforms have been in the making for quite some time, and I’m pleased to be moving forward with them.”

Read more about it in The Imperial Valley News, online.

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Waiting for Governor to Sign – New Budget Does Not Touch CA EZ Program

Wednesday, June 29th, 2011

The budget deal passed by the California legislature yesterday does NOT include measures to modify the state’s enterprise zone program. We’ll report more AFTER the governor signs the legislation approving the budget.  Final passage is expected since the budget deal was worked out between Governor Brown and his fellow Democrats in the legislature, without Republican support.

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Quick Update on California State Budget and Enterprise Zone “Reform”

Thursday, June 16th, 2011

California Governor Jerry Brown vetoed the state budget today.  From the Los Angeles Times:

Gov. Jerry Brown issued a historic veto of the budget approved by Democratic lawmakers hours after they passed it, opening wide a rift within his own party and throwing the state’s financial future into limbo.

The Democrats had pushed through the spending plan Wednesday, relying heavily on crafty accounting to patch over the state’s deficit, after the governor’s talks with Republicans on a tax package faltered.

The future remains unclear, although the continuing debate is sure to be amusing if not entertaining.  Should we expect renewed heat on the issue of enterprise zone program reform? Also unclear.

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CA Budget Passed Without Vote on Enterprise Zones’ Fate

Wednesday, June 15th, 2011

This afternoon, the California legislature passed a budget, which now awaits the approval of the Governor Jerry Brown. Supporters of California’s enterprise zone program may breathe easier, at least for a few days. The state has come to the tipping point in the budget battle without voting yes or no on AB 103, which would reform the enterprise zone program out of existence.

So far, the program continues without change. As reported this afternoon by the Communities to Save Enterprise Zones,

Unfortunately, this fight is not over, but we are in a much stronger position thanks to your efforts. There will be ongoing budget discussions in the coming weeks in which the subject of repealing Enterprise Zones could still arise

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Preserve the CA Enterprose Zone Program – Oppose CA Assembly Bill 103

Wednesday, June 15th, 2011

If you are receiving this post by email, please visit the same post at www.WOTCPlanet.com to see important information that might not be visible in your email.

Californians for Jobs and Safe Communities continues its effort to defeat Governor Jerry Brown’s proposal to “reform” the state’s enterprise zone program out of existence. The destructive reform legislation has been added to Assembly Bill 103, which could be voted on at any time.

If you have an interest in preserving the California enterprise zone program, use the link below to send a message to Governor Brown and members of the state legislature. It’s free and very easy to use.

Thank you.

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