San Joaquin Partnership

www.sjpnet.org


(Enterprise Zone Map at Bottom of This Page)

San Joaquin County offers business and industry the considerable advantages of a California State Enterprise Zone. The San Joaquin County Enterprise Zone was designated June 22, 2008.  Incentives and benefits are available for a 15 year period from the date of designation.

The San Joaquin County Enterprise Zone encompasses more than 656 square miles, including portions of Lathrop, Lodi, Manteca, Stockton, Tracy, and the County.  Enterprise Zone businesses are able to select from a variety of industrial or commercial sites and existing buildings with excellent freeway connections nearby, and close proximity to major markets, labor and raw materials. Some sites offer rail and air service.

Companies locating or expanding within the Enterprise Zone may benefit from significant state tax and financing incentives. One of the most significant potential tax credits can be obtained by hiring "eligible" or "voucherable" employees.   With the recent designation of the TEA (Targeted Employment Area) Zone, eligible workers are even more abundant.

 

STATE INCENTIVES

By locating in an Enterprise Zone, a firm may qualify for the following incentives offered by the State of California:

  • Hiring Tax Credit - $37,400 or more per new
    employee over a five-year period

  • Sales and Use Tax Credit on eligible
    machinery purchases for manufacturing

  • Business Expense Deduction - up to $20,000 per
    year on tangible personal property

  • Net Operating Loss Carryover - up to 100%
    carryover to future years (Suspended 2010-2012)

  • Net Interest Deduction for Lenders - may result in a
    3%-to-4% increase in return on investment

 LOCAL INCENTIVES

A partial list of incentives available to qualifying firms includes:

  • Development Coordination

  • Preliminary Project Review Meetings
  • One-Stop Permit Centers
  • Fee Estimates
  • Fast Track Application Processing
  • Zero-interest facade improvement loans
  • Fee deferral program
  • Economic Review Committee

EMPLOYMENT RECRUITMENT

  • Customized Staffing Recruitment services at no cost

  • We will work with you to design a recruitment specifically for your company

  • Based on your specification, we can screen applicants to meet your minimum qualifications

  • Screening for Enterprise Zone Hiring Tax Credit eligibility

FINANCING OPPORTUNITIES

  • Small Business Administration (SBA) Financing SBA 504 and 7A

  • San Joaquin County Revolving Loan Fund loan packaging fee waived

  • San Joaquin Angels provides equity financing for fast-growing early stage companies

  • Community sponsored commercial financing

The Enterprise Zone program fosters the growth and expansion of business and industry. It is a prime example of a public/private partnership that works: public-sector incentives allow private sector marketing forces to act as the economic revival catalyst, creating a better business environment and quality of life for everyone.

 

Shelley Burcham, Vice President, Client Services
The San Joaquin Partnership
(209) 956-3380                               
-or-      

Enterprise Zone Manager
San Joaquin County WorkNet

(209) 468-3615

http://sjcez.org/