Provider: Community Development Department

Categories: Business Assistance: Financial Assistance

Description
The City has three State Enterprise Zones (SEZ): Los Angeles-Hollywood; East Los Angeles; and Harbor Gateway Communities. Each Zone provides business owners within the Zone boundaries with State incentives such as tax credits and deductions for hiring eligible employees, credits for sales and use taxes paid on qualifying machinery and electronic equipment, additional business expense deductions, and credits to lenders for loans made to Enterprise Zone businesses. New SEZ businesses may be eligible for a 5-year DWP electric rate discount, beginning at 35 percent.

Webpage: http://www.cdd.lacity.org/bus_statecred.html