Benefits of operating a business in the IVEZ

I. Tax Benefits

Enterprise Zones can save a business thousands of dollars through tax credits and other benefits. The Enterprise Zone credits and deductions are available to individuals, sole proprietors, corporations, estates, trusts, and partnerships operating or investing in the zone. Examples are:

  1. Hiring tax credit
  2. Sales or use tax credit
  3. Net operating loss carryover
  4. Business expense deductions
  5. Lender interest income deduction

Enterprise Zone Benefits in Detail

Click here to find details on the many enterprise zone tax credits and how they work.
It is recommended that a business reviews the financial benefits and incentives with a tax professional.

Franchise Tax Board Publications:

Here you will find instructions for Enterprise Zone Businesses. It will show you how to claim deductions and credits.
Further inqueries can be directed to the Franchise Tax Board’s hotline at: 916-845-3464

II. Preference points when selling to the state

Businesses located in EZ’s can get preference points or state bids. You may be eligible to receive preference points if you are a company that supplies goods and services to the state. Here you will find details on how preference points work.

Click here to obtain forms regarding preference points and the Enterprise Zone Act.

III. Other Programs/Zones & Financing Options for EZ Businesses

Business Support Services

From hiring new employees, finding the right property to locate to getting free consulting services to manufacturers, Click here to learn about other incentives existing in the IVEZ.

IVEZ Financing Options

Click here to learn about financing for businesses available in the IVEZ and the area.

RABOBANK offers special rates and financing for businesses located in the IVEZ: Click here for details.

Other zones inside the IVEZ

From HubZones that give small businesses the leg up selling to the government to a Manufacturing Enhancement Area which gives tax credits to manufacturers, learn what other incentives exist in the IVEZ by clicking here.