There was a spree of negative press in June, stemming from a study by the Public Policy Institute of California, which concluded that California’s enterprise zone program was not beneficial. However, there have been two other recent studies which concluded that the program is beneficial to California’s enterprise zone communities. One of these was published in February by researchers at the University of Southern California. (more…)

A short article by California State Senator Bob Dutton (R) was published in the San Bernardino Sun and Inland Valley Daily Bulletin was republished on the Senator’s blog this week. Click here for entire article. Senator Dutton’s District 31 includes the southwestern portion of San Bernardino County and the northwestern portion of Riverside County.
Senator Dutton supports California’s Enterprise Zone Program. (more…)

The $1.7 million grant was awarded to The Fresno Area Hispanic Foundation and has a direct impact on the local enterprise zone.
Read from Congressman Costa’s website:
WASHINGTON, DC- Today, Congressman Jim Costa (D-Fresno) announced that a total of $1.7 million has been awarded to the Fresno Area Hispanic Foundation to help renovate and expand a commercial building to serve as a business incubator for Fresno’s designated enterprise zone. Funding was released through the US Department of Commerce made available through the Economic Development Administration. (more…)

The California Franchise Tax Board’s July 2009 Tax News came out yesterday. One of the items is of interest to enterprise zone businesses — and especially banks that loan money to enterprise zone businesses. It was previously the FTB’s policy to disallow the enterprise zone net interest deduction for otherwise qualifying loans made to non-profit organizations. That policy has been changed. (more…)