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1876 - Southern Pacific begins subdividing town of Newhall (original location at Bouquet Junction) [story]


The Santa Clarita Valley Economic Development Corp. is hosting a free luncheon Wednesday, May 23, to discuss the expanded SCV Enterprise Zone and what it means for local businesses.
The seminar is set to cover topics including how to reduce state income tax, how businesses can qualify for tax savings of up to $37,000 per employee and the overall advantages of doing business in the Enterprise Zone. There will be a presentation by Jon Collard with American Tax Incentive.
The EDC recommends the seminar for business owners, general managers, human resource managers and accountants, as well as for businesses located in the new enterprise zone areas of the Valencia Commerce Center, Castaic and east Santa Clarita.
Last month, the city, Los Angeles County and the EDC announced that the state Department of Housing and Community Development approved all details of the new Santa Clarita Valley Enterprise Zone designation, which means businesses in the expanded zone area can begin processing vouchers for qualified employees and taking advantage of the tax savings available through the program.
The enterprise zone benefits are retroactive to Jan. 1, 2011 with benefits continuing through Jan. 1, 2026.  Businesses in the expanded areas are now able to process vouchers and enjoy tax benefits of the Enterprise Zone program.
The SCV Enterprise Zone encompasses 14,440 acres of commercial and industrial land in the City of Santa Clarita and unincorporated areas of the Santa Clarita Valley, and includes the Commerce Center, Six Flags Magic Mountain, and the new Disney/ABC Studios at the Ranch.
Since 2007, the Enterprise Zone program has reportedly helped 345 Santa Clarita businesses save an estimated $199 million on their state taxes, in addition to creating more than 976 new jobs in the community.
The lunch seminar is schedled for noon to 1:3o p.m. in the City Council chambers at City Hall, located at 23920 Valencia Blvd. Seating is limted and an RSVP is required. To RSVP call (661) 288-4400 or email scvedc@scvedc.org.

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