By Wendy Clements
SAN BERNARDINO–To help local businesses utilize enterprise zone tax credits before they expire at the end of the year, the San Bernardino Valley Enterprise Zone (SBVEZ) has organized one last complimentary workshop on Thursday, December 12. The event will be held from 8 a.m. to 10 a.m. at the city of Colton Council Chambers, 650 North La Cadena Drive, Colton.
This workshop will provide local businesses vital information on how to use the enterprise zone tax credits to save money on their future state taxes, and details about key deadlines involving the ending of the program. With only a few weeks left to secure the credits, the SBVEZ is encouraging all San Bernardino and Colton businesses carrying out any hiring or capital investment activities to find out if they qualify before time runs out. Any qualified new hires or taxes paid on certain equipment purchases made between October 2006 and December 31, 2013 may be eligible for SBVEZ credits.
The workshop will also provide a brief overview of Governor Jerry Brown’s new Economic Development Initiative Program that will start on January 1, 2014 and offer tax credits to companies statewide.
To register for the workshop, contact zone manager Wendy Clements at 909.382.4538, or firstname.lastname@example.org.
The San Bernardino Valley Enterprise Zone is one of 40 existing enterprise zones established by the California Department of Housing and Community Development to encourage investment, growth, development and job creation in economically distressed areas of the state. The enterprise zone program grants employers tax credits and incentives for pro-growth business investments that improve economic activity within designated zone areas.
The San Bernardino Valley Enterprise Zone is located in the central portion of the Inland Empire and includes the city of Colton, the city of San Bernardino and unincorporated portions of San Bernardino County. In addition to the tax incentive it offers, the San Bernardino Valley Enterprise Zone also features a highly developed network of road, rail and air transportation infrastructure, a skilled and educated workforce, affordable commercial and residential real estate, and many other pro-business programs that make the area a highly competitive location for business. Those wanting more information about the San Bernardino Valley Enterprise Zone or wishing to determine if their business is in the zone can visit www.SBVEZ.com.
Wendy Clements is the zone manager for SBVEZ.
Deadline to Claim Enterprise Zone Tax Credits Nears for Local Businesses
By Wendy Clements