Enterprise Zone Program
The Enterprise Zone Program at HCD has been responsible for the designation and administrative oversight of the 42 Enterprise Zones authorized by the state legislature. Targeting economically distressed areas throughout California, the program provided special incentives designed to encourage business investment and promote the creation of new jobs. The purpose of the program was to stimulate economic development by providing tax incentives to businesses enabling private sector market forces to revive the local economy. Each Enterprise Zone is administered by its local jurisdiction working with local agencies and business groups to promote economic growth through business expansion, attraction and retention, while providing an environment to nurture business creation as well.
The End of the Program
Current legislation allows Zones to issue vouchers for the Hiring Tax Credit during 2014 for eligible hires made prior to 12/31/2013. Applications for voucher certificates must be made and the certificate issued by December 31, 2014. Those wishing to apply are urged to do so well ahead of the December 31, 2014 deadline order to allow sufficient time to process the application and certificate.
As several Enterprise Zones have announced plans to discontinue operations ahead of the date the legislature authorized, December 31, 2014, HCD has created a plan to ensure all the state's eligible businesses will have an equal opportunity to apply for and receive vouchers by the December 31, 2014, deadline. The most recent changes to the website include: