CLICK HERE to go
to directly to the Coachella Valley Enterprise Zone website.
The Enterprise Zone is a geographical area designated by the State as
eligible for State Income Tax credits and other financial incentives.
benefits are only available to companies within the Zone and are offered
encourage business growth and job creation. This innovative partnership
between State, local government and private business is very successful,
saving millions each year for businesses within the Zone's boundaries.
FAQs - Frequently Asked Questions
What is the Enterprise Zone?
The Zone is a partnership between the cities of Coachella, Indio and
Riverside County and covers a geographical area including Thousand Palms,
Indio, Coachella, Mecca and Thermal. The Zone was created to help stimulate
employment, help existing businesses grow and attract new businesses
to the area.
What programs does the Enterprise Zone
offer to help my business?
The Zone offers several financial incentives that to help business owners.
The most used is the Hiring Credit - this program gives the business
owner over $36,000 in State Income Tax Credits for each new employee
hired. Many businesses, with just one employee, are able to reduce or
even eliminate all of their State Income Tax liability. The Zone offers
several incentives as well. You can get detailed information at their
website - www.cveza.org
Are these programs easy to work with?
Yes, there is only one piece
of paperwork and one form for your accountant to fill out. There
is no red tape and the programs do not take up your valuable time that
you need to run your business.
How do I start getting my benefits?
Just call the Enterprise Zone offfice
at 760-391-5176 and ask about participating and getting all the financial
benefits you deserve.
Is your business in the Zone?
CLICK HERE FOR STREET LIST
CLICK HERE FOR MAP
The Coachella Valley Enterprise Zone includes the non-residential areas
Thousand Palms, Indio, Coachella, Thermal and Mecca. If you are not sure
you are in the Zone, please call the Zone office at 760-391-5176 or
800-551-1111 with your address. They can tell you if you are eligible
the Zone's many benefits.
What are the major benefits?
- A State Income Tax credit of over $36,000 to the employer for each
- State Income Tax credits for Sales or Use Taxes
on up to $20 million in
purchases of qualified new equipment each year
- Lender interest income
deductions for loans made to Zone businesses
- Preference Points on
bids for State contract