From City of Indio Website www.indio.org
KPSP Local 2 News reports today that the California Department of Housing and Community Development (HCD) has approved a 141.5 acre expansion of the Coachella Valley Enterprise Zone.
Good for them!
California’s enterprise zone program offers a hiring credit based on wages paid to qualifying employees. Businesses investing in manufacturing and other qualifying equipment for use with the zone may also receive an income tax credit equal to the amount of sales or use tax paid in the acquisition.
Other benefits include the net interest deduction for lenders who offer credit to enterprise zone businesses and a relatively small business expense deduction for qualifying asset purchases.
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