Yes, what you’ve heard is true. The San Joaquin Enterprise Zone’s designation status has been updated from “conditional” to “final” by the California Housing and Community Development Department (HCD). Here’s an excerpt from an email I received today from Nicole Wells, the zone’s Enterprise Zone Coordinator.
“The State of California has granted final designation for the San Joaquin County Enterprise Zone. The Zone has been operating under conditional designation since June 2008. The State has allowed the Zone’s effective date to be retroactive back to date of inception, which was 6/22/08. Already one of the largest Enterprise Zones in the State, this final designation expands the Zone to 656 square miles, which includes over 55 square miles of commercial and industrial property.”
The best part of this is that the zone’s new Targeted Employment Area is on the table for finalization and when approved, should increase the already generous employee qualification rates for businesses located throughout the San Joaquin Enterprise Zone.
If you are located anywhere in San Joaquin County, you should contact me right away to find out if your business is within the new enterprise zone’s boundaries. If you have employees that work within the enterprise zone, the tax benefits to your company are well worth your time to investigate.
California San Joaquin Enterprise Zone Receives Final Designation Status
