Enterprise Zone Expands to Include Businesses in Clovis, Kingsburg and Fresno County

Dec 13, 2012 No Comments by

FRESNO, Calif. – The Economic Development Corporation serving Fresno County (EDC) has announced the expansion of the Fresno County Regional Enterprise Zone Program (Enterprise Zone Program) to include areas in Clovis, Kingsburg, and unincorporated parts of Fresno County.

As part of the California Housing Community Development program, businesses located within the Fresno County Enterprise Zone can receive up to $37,440 of tax credits per new employee hired.  As local program administrator, the EDC has issued 22,300 vouchers to businesses within the Fresno County Enterprise Zone over the past five years.  This number is representative of 22,300 jobs and will grow thanks in part to this new expansion.

Lee Ann Eager
President/CEO

“The Enterprise Zone Program is one of the best tools we have in our belt to help attract and retain businesses here in Fresno County,” said Lee Ann Eager, president/CEO of the EDC.  “This expansion will help stimulate and diversify the local economy, so it’s a real win for all Fresno County residents.”

Receiving tax credits is a simple process for industrial and commercial businesses located within the Fresno County Enterprise Zone.  The Enterprise Zone Program is a user-friendly program that helps local businesses acquire real savings.

“Thanks to this expansion, the City of Kingsburg is pleased to now have all of the retail buildings in downtown Kingsburg as part of the Fresno County Regional Enterprise Zone.  The tax benefits afforded to our local businesses by the Enterprise Zone designation has allowed them to remain competitive during these challenging economic times.  In addition, it has provided the City with tools to recruit new businesses to the community,” said Don Pauley, city manager with the City of Kingsburg.

Among many notable businesses that are part of the Enterprise Zone expansion, tenants at the Sierra Vista Mall are also now part of the Fresno County Regional Enterprise Zone. 

Government, Headlines, Legal/Finance

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