California Enterprise Zone
Siskiyou County in far Northern California is a prime location for business relocation, expansion, and development. If you are looking for competitive business advantages without the stress of urban life, this is the place for you. The great economic, social and recreational diversity allows residents to find both creative and traditional means to achieve sucess. With a business-friendly attitude, many tax incentives, and a relaxed lifestyle, you can compete globally while enjoying your life. The central West Coast location places Mount Shasta in the middle of the distribution line between California, Oregon, and Washington with an easy access to Interstate 5 as well as other means of transportation.
Siskiyou County is proud to be the home to a California Enterprise Zone. The Enterprise Zone Program allows only 42 zones in the entire state. The purpose of the program is to provide tax incentives to businesses to spur private capital investment in the local economy. All businesses that are located in the zone are eligible for incentives and benefits. Those incentives and benefits include:
- Up to 100% Net Operating Loss (NOL) carry-forward. NOL may be carried forward 15 years
- Firms can earn $31,544 or more in state tax credits for each qualified employee hired
- Corporations can earn sales tax credits on purchases of $20 million per year of qualified machinery and machinery parts
- Up-front expensing of certain depreciable property. Lenders to Zone businesses may receive a net interest deduction
- Unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment
- Enterprise Zone companies can earn preference points on state contracts
For more information contact the Siskiyou Economic Development Council at 800-842-1638 or (530) 842-1638. You can also visit their website: siskiyoucounty.org.