New Recovery Zone in Santa Clarita California – Overlapping Santa Clarita Enterprise Zone


On Wednesday, December 9th, the City of Santa Clarita announced its new Recovery Zone. Businesses within the Recovery Zone may be eligible for financial assistance through what’s called a Recovery Zone Facility Bond or RZFB.
“RZFBs are tax-exempt private activity bonds authorized by the American Reinvestment and Recovery Act (ARRA) to stimulate the local economy. The program allocated $13,270,000 to the city for the purpose of investing in private projects that would benefit the community” (from the article in The Signal of Santa Clarita Valley).
“The RZFB presents a great opportunity for local businesses looking to upgrade their infrastructure or expand their existing operations,” commented Mayor Laurene Weste. “This is also another great tool for the city to help attract new businesses to Santa Clarita and create more jobs for our local residents.” Read the entire article, click here.
Interestingly, the boundaries approved by the City Council for the new Recovery Zone are the same as the relatively new Santa Clarita Enterprise Zone.
For more information, contact me Vaughn Hromiko at (800) 655-5281, extension 101, or send me a message at .

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