City To Host Enterprise Zone Workshop
The City of Santa Clarita will host a free Enterprise Zone Breakfast Workshop on Wednesday, August 25. This informational workshop will include a complimentary continental breakfast and provide local businesses with information on how to reduce their state income taxes. Representatives from the city’s Economic Development Division will facilitate the program which will feature keynote speaker Max Shanker from The Tax Credit Company.
The Workshop will show local businesses how they can benefit from the Santa Clarita Enterprise Zone program on their state income taxes and where to go for additional information. Businesses located in the zone may be able to reduce their state income tax by 50% or more.
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Established in 2007, the Santa Clarita Enterprise Zone is designed to provide special California tax incentives to qualified businesses located within the zone. Since its designation, the City has issued more than 2,000 vouchers for the program, created or retained more than 2,000 jobs as a result, and helped more than 200 local businesses by providing over $75 million in potential tax saving benefits.
On September 15, the County of Los Angeles, the City of Santa Clarita, and the Santa Clarita Valley EDC will be submitting an application for a larger Enterprise zone to include businesses within unincorporated Los Angeles County land.
The Enterprise Zone Workshop will take place from 9 to 10 A.M. in Council Chambers at City Hall. City Hall is located at 23920 Valencia Boulevard.