header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
July 24
1864 - Walker/Reynier family patriarch Jean Joseph Reynier, then 15, arrives in Sand Canyon from France; eventually homesteads 1,200 acres [story]
Joseph Reynier


The state Senate approved Gov. Jerry Brown’s AB 93 on Tuesday, which revises the plan for the Enterprise Zone Program and effectively eliminates many of the benefits the program afforded to local businesses.

Local and state officials have expressed concern about what they believe will hinder the state’s economic recovery.

The Enterprise Zone program, established in 1984, provided hiring credits and tax breaks in economically distressed areas of the state to encourage business investment and promote the creation of new jobs.

The City of Santa Clarita was awarded an Enterprise Zone in 2007. Since then, the program has saved the city $280 million in taxes and led to hiring more than 7,000 employees.

“I think that the Enterprise Zone has been wonderful for our community,” said Don Fleming, owner of Valencia Acura on Creekside. “And it saddens me to see it gutted like this.”

ez_enterprisezone-logoAccording to the bill revised in the Senate on Tuesday, tax credit provisions for Enterprise Zones would be made inoperable by January 1, 2014, though existing tax credits would carry over for 10 years afterward.

Senate Republican Leader Bob Huff, R-Diamond Bar, voted against the bill, but he was thankful for the concessions that allowed tax credits to carry over.

“I am pleased that through negotiations with the Governor as well as my Republican and Democratic colleagues, we were able to improve the bill that’s now passed out of the Senate,” Huff said in a statement.

Jonas Peterson, president of the Santa Clarita Valley Economic Development Corporation said that the Santa Clarita Valley Enterprise Zone is one of the most effective and best managed in the state.

“It’s a shame that the state would even consider taking away an economic development tool from an area where it has been so successful,” he said.

Despite this, Peterson also noted that the economy in the SCV is strong.

“We’re a bright spot in California,” he said, and while the Enterprise Zone was part of that picture, “many factors that make the Santa Clarita Valley an attractive place to locate a business. That’s not going to change.”

Click here for background on the Enterprise Zone program. Click here for a summary of AB 93.

 

Comment from Assemblyman Scott Wilk, R-Santa Clarita, on Enterprise Zones, June 11:

Assemblyman Scott Wilk

Assemblyman Scott Wilk

Governor Jerry Brown is proposing once again to eliminate California’s Business Enterprise Zones. These zones have served as tools for growth in the hiring and financial recovery of many California entrepreneurs and business owners as they faced the effects of the economic downturn. One incentive for a business located within an Enterprise Zone is a tax credit of up to $37,000 per hired person.

This incentive not only fosters a business friendly environment but also ignites community-based economic expansion in terms of job growth. Over recent years, the recession, heavy taxation and increased regulations have forced numerous California businesses to reduce operations, close their doors, or relocate to more business friendly states such as Texas and Arizona.

With thousands of jobs lost, many of our fellow Californians have experienced financial distress and our state has lost billions of do llars in tax revenue that is necessary to maintain the state’s fiscal solvency. Enterprise Zones represent a reliable tool of stability and growth for businesses in California. Now is not the time for Governor Brown to eliminate California’s Enterprise Zones as entrepreneurs and business owners continue to navigate through tough economic times.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
1864 - Walker/Reynier family patriarch Jean Joseph Reynier, then 15, arrives in Sand Canyon from France; eventually homesteads 1,200 acres [story]
Joseph Reynier
The SCV Food Pantry is in need of volunteers to help sort food, stock shelves, fill bags and distribute food to its residents in need Monday through Thursday and Saturday of each week.
SCV Food Pantry in Need of Volunteers
College of the Canyons graduating sophomore Jonah El-Farra has been named a California Community Colleges Men's Basketball Coaches Associations (CCCMBCA) student-athlete scholarship recipient for the 2023-24 season. 
El-Farra Earns Coaches Associations’ Student-Athlete Scholarship
The Los Angeles County Board of Supervisors unanimously approved Tuesday a motion introduced by Supervisor Kathryn Barger and co-authored by Chair Lindsey P. Horvath that directs the creation of an independent Ethics Commission and ethics reform measures to improve transparency and create greater oversight in County government.
Supes Unanimously Approve Creation of Ethics Commission, Reform
The city of Santa Clarita is inviting artists to submit artwork for consideration for its upcoming “Body & Presence” juried exhibition, which will be on view at the Canyon Country Community Center during the City's annual Business for Artists Conference.
Aug. 4: Call for Art ‘Body & Presence’ Exhibit Deadline
Zach Schroeder, the head coach for The Master’s University track and cross country programs, is stepping down to be closer to family.
After Historic Run, TMU Coach Zach Schroeder Steps Down
The community is invited to an SCV Senior Center Health and Wellness program lecture “Let’s Talk About Kidney Health” on Wednesday, July 24, from 1 p.m. to 2 p.m.
July 24: SCV Senior Center Wellness Program Lecture on Kidney Health
College of the Canyons baseball is sending five players to four-year universities to continue their academic journeys and athletic careers following the 2024 season.
Five Cougars Taking Skills to Next Level
The Master's University baseball has signed pitcher Mack Skeels to join the team for the 2025 season.
Pitcher Mack Skeels Commits to Mustangs Baseball
Drug-related overdose and poisoning deaths plateaued for the first time in ten years in 2023 in Los Angeles County, a new Los Angeles County Department of Public Health analysis of Los Angeles County Department of Medical Examiner data has found.
L.A. County’s Drug-Related Overdose Deaths Plateau for First Time in Decade
As temperatures soar in Los Angeles, so do the numbers of mosquitoes and their relentless, itchy bites.
Vector Control Launches Summer Safeguarding Campaign
1982 - Vic Morrow & two child actors killed in helicopter crash at Indian Dunes during filming of "Twilight Zone: The Movie" [story]
Twilight Zone Movie
Picture this…a cozy blanket laid out on the grass, the warm evening breeze and your favorite film playing on the big screen.
Ken Striplin | City Cinemas Brings Back Movies Under the Stars
The California State University, Los Angeles Golden Eagle volleyball team, which included middle blocker Shelby Grubbs from Newhall, was welcomed to the White House on Monday, alongside other national champions from the past academic year, to celebrate their accomplishments as part of NCAA Sports Day.
Former Hart High Standout Honored at White House’s NCAA Sports Day
The Friends of Hart Park - in partnership with the Natural History Museum and Los Angeles County Parks - is pleased to announce the return of their signature event “Silents Under the Stars” on Saturday, Sept. 7, starting at 6 p.m., at William S. Hart Park.
Sept. 7: ‘Silents Under the Stars’ Returns to Hart Park
To help students balance education with their diverse work and family responsibilities, College of the Canyons will offer a wide variety of flexible learning options during the fall 2024 semester.
COC Fall 2024 Offering Flexible Learning Options
Beginning Monday, July 29, crews will start the construction of traffic circulation modifications on two intersections, part of the federally-funded, Traffic and Pedestrian Circulation and Safety Improvements Project.
Santa Clarita Announces Upcoming Lane Closures
Circle of Hope's Annual Tea is one of Santa Clarita’s most anticipated fundraisers bringing awareness of breast cancer and raising funds to help those in our local community fighting this disease.
Oct. 19: Save the Date for Circle of Hope’s Annual Tea
The city of Santa Clarita’s Film Office has released the list of four productions currently filming in the Santa Clarita Valley for the week of Monday, July 22 - Sunday, July 28.
‘S.W.A.T.’ Among Four Productions Filming in Santa Clarita
The Santa Clarita Valley Special Education Local Plan Area (SCV SELPA) and its member districts actively seek out all individuals with exceptional needs, from birth to age 22, including infants and children parentally placed in private schools.
SCV SELPA Seeking Children with Disabilities
The California Department of Transportation announced the right lane of southbound Interstate 5 will be blocked overnight Monday, July 22 through Friday, July 26 from two miles north of Templin Highway (near the Whitaker Sand Shed) north of Castaic Lake Hughes Road for paving work.
Caltrans Announces Overnight Southbound I-5 Lane Closures in Castaic Area
The Superior Court of Los Angeles County will be closed Monday, July 22, as the Court works diligently to repair and reboot network systems that were severely impacted by a ransomware attack first detected the morning of Friday, July 19.
Ransomware Attack Closes L.A. County Superior Court
The Los Angeles County Health Officer has issued a heat advisory for the Santa Clarita Valley through Thursday as high temperatures have been forecast.
Heat Advisory Issued for SCV
The Los Angeles County Department of Public Health has closed two beaches due to a recent sewage spill.
Sewage Spill Closes Two L.A. County Beaches
SCVNews.com