Tagged: enterprise zone

Governor Jerry Brown is proposing drastic changes to California’s Enterprise Zone program in his latest budget. The zones are located in blighted areas and businesses operating within them can claim tax credits from the state.

Craig Johnson is President of the California Association of Enterprise Zones. He says Brown’s changes would essentially eliminate the state’s 40 Enterprise Zones. He says the state already has high taxes and high regulations and eliminating tax credits won’t help.

California Governor Jerry Brown and Democratic legislative leaders say they’re not looking at more tax increases now that voters have approved Proposition 30. 

But as Ben Adler reports from Sacramento, tax credits could be on the table, like the controversial Enterprise Zone program.

California offers 700 million dollars a year in tax credits to businesses who add or retain jobs in economically distressed neighborhoods.  

The governor proposed eliminating Enterprise Zones last year but couldn’t win legislative approval.