California Enterprise Zone A Major Ingredient in Otay Mesa CA Recipe for Growth


Here’s an upbeat news piece by By Dean Calbreath, a Staff Writer with the San Diego Union Tribune.
Recipe for growth: Otay Mesa’s infrastructure, zoning and financial advantages have civic leaders promoting it as a center for food production.

One of the area’s biggest draws is its dual status as a California Enterprise Zone and Foreign Trade Zone.

In an enterprise zone, companies can qualify for tax credits for hiring local employees or buying equipment and can also accelerate their expense deductions, get lower interest payments on loans and qualify for low-interest bond financing.

Due to the state’s budget-wrangling, there are some moves afoot in Sacramento to alter some of those benefits, but Fischer-Morelle said those benefits were definitely a factor in his decision to move from his previous headquarters in Orange County to Otay Mesa.

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