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Santa Clarita Enterprise Zone Hosts Seminar At College Of The Canyons

Seats are still available for a free lunch seminar Wednesday from 12:30-1:30 p.m. hosted by the Santa Clarita Valley Enterprise Zone at the College of the Canyons University Center.


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Due to limited seating availability, reservations are required.

While the Enterprise Zone was abolished earlier this year, tax credits still may be earned for another decade, according to officials.

Local businesses are invited to learn how to keep more of what they earn. The seminar will include discussion on ways to reduce state income tax, how to qualify for tax savings of up to $37,000 per employee and advantages of doing business in the Santa Clarita Valley Enterprise Zone.  

The free seminar is open to all local business owners, general managers, HR managers, accountants, in addition to businesses located in the new expansion areas: Valencia Commerce Center, Castaic and East Santa Clarita.

There is still time for businesses to take advantage of the Enterprize Zone program’s benefits before Dec. 31.

The California Enterprise Zone program was originally established in 1984 and provided incentives, such as hiring tax credits to encourage business investment and job creation.

The city of Santa Clarita was designated an Enterprise Zone in 2007.

Since then, the program has saved the city $280 million in taxes and led to hiring more than 7,000 employees.

The proposal to eliminate the California Enterprise Zone program was passed by the state Senate in June. As a result, the program will be discontinued Dec. 13, although existing tax credits may continue to carry over until 2024.

For more background on the Santa Clarita Enterprise Zone, click here.

To learn more about the Santa Clarita Valley Enterprise Zone lunch seminar or to RSVP, call 661-288-4400 or email scvedc@scvedc.org.


Do you have a news tip? Call us at (661) 298-1220, or drop us a line at community@hometownstation.com.


Santa Clarita Enterprise Zone Hosts Seminar At College Of The Canyons


Article: Santa Clarita Enterprise Zone Hosts Seminar At College Of The Canyons
Source: Santa Clarita News
Author: Mindy Lam