SCV Businesses to Receive Hiring Tax Credits

The City ofSanta Claritais proud to announce that the state ofCaliforniahas approved Targeted Employment Areas (TEA) as part of the Santa ClaritaEnterprise Zone. This new component qualifies businesses to receive a HiringTax Credit if they employ individuals that reside in designated TEAs.

Employeesmust be pre-screened by the employer or the City’s Enterprise Zone VoucheringAgent to qualify the business for the Hiring Tax Credit. 

“TheTargeted Employment Areas is the most widely-used piece of the Enterprise Zoneprogram and the easiest way for a business to qualify for a Hiring Tax Credit,”commented City Economic Development Manager Jason Crawford.

To receive a Hiring Tax Credit Voucher for anemployee who resides in designated Targeted Employment Areas, contact theCity’s Enterprise Zone Vouchering Agent at the Santa Clarita WorkSourcefor further detail at(661)424-1062.The Santa Clarita WorkSource office is located at20655 Soledad Canyon Road, inSuite 25.

TheEnterprise Zone provides substantial opportunities for new and existing

business growth and jobgeneration in Santa Clarita. Tax advantages include hiring tax credits, salesor use tax credits, business expense deductions, net interest deductions, andnet operating loss carryover deductions.

For additional information about the EnterpriseZone Targeted Employment Areas and the benefits for businesses located inthe Santa Clarita Enterprise Zone, contact the City ofSanta Clarita’s Economic Development Officeat(661)255-4347or visit the city website.