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Enterprise Zone / LAMBRA Program Update
Recently approved State legislation resulted in early termination of the State of California's Enterprise Zone (EZ) and Local Agency Military Base Recovery Area (LAMBRA) programs on January 1, 2014. Although the EZ and LAMBRA programs has expired, qualifying businesses that operate in the program areas may still be able to claim valuable tax credits for employee wages as well as purchases for qualifying manufacturing, data processing, and communications equipment.
Don't Wait! The deadline for securing available EZ tax credits is December 31, 2014.
EZ and LAMBRA businesses may also be eligible to take advantage of various local business incentives; including development permit expediting and assistance, and access to specialized technical & financial assistance programs.
To learn more about EZ and LAMBRA programs, or to determine whether your business might qualify as an EZ business, please visit www.SDREZ.org, or contact Kevin Sullivan (SDREZ Manager) at (619) 533-5954 (firstname.lastname@example.org).
Are YOU in the Zone?
To contact a representative for assistance, click here
To take advantage of these incentives, click here
To download a fact sheet about the program in PDF, click here
To determine if your business is located in the SDREZ, or to confirm if an employee resides in the Targeted Employment Area (TEA), go to the Enterprise Zones
website and select the "EZ & TEA Address Locator