Yuba-Sutter Enterprise Zone Granted 5-Year Designation Extension



Contact - Mary A. Hansen Enterprise Zone Manager	530/741-6463 or fax 530/742-7835 mhansen@syix.com
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FOR IMMEDIATE RELEASE, SEPTEMBER 10, 2001

YUBA-SUTTER ENTERPRISE ZONE GRANTED 5-YEAR EXTENSION The California Technology, Trade, and Commerce Agency recently awarded the Yuba-Sutter Enterprise Zone a 5-year extension of its designation. The Zone was originally designated by the state on October 15, 1986, as a joint partnership among the County of Yuba, the County of Sutter, and the Cities of Marysville and Yuba City. The 15-year program was scheduled to terminate on October 14, 2001. However, state legislation has allowed those zones designated prior to 1990 to apply to the state for a five-year extension. The designation extension award will allow the Yuba-Sutter Enterprise Zone to continue to operate through October 14, 2006, reported Mary Hansen, Zone Manager. The State Enterprise Zone Program provides areas designated with state tax credits and incentives that can be offered to new and existing businesses within the zone boundaries. Credits are available for hiring employees, purchases of machinery, equipment, computers, fax machines, and telephone equipment. A number of other tax credits are also available. Hansen spoke highly of the Zone’s partnership with the One Stop Centers that have contributed to providing the local zone businesses with over 4,841 state hiring tax credit vouchers in the past three years – vouchers that have the potential of creating some $29,200 in state tax credits for each voucher issued or a total potential of $141.3 million over five years. Businesses located within the zone can receive a state tax credit for hiring individuals that are eligible under the Workforce Investment Act or other enterprise zone eligibility criteria. Approximately 1,750 businesses are located within the boundaries of the Yuba-Sutter Enterprise Zone. If you need further information on the program or want to know if you are in the zone, you can contact the Zone office at 530/741-6463 or visit the zone’s website at www.yubasutterez.com.