Santa Clarita: The Smart Choice for Businesses
High standard of living and a strong economy
A high standard of living and a strong economy are only two aspects that contributed to CNN Money magazine recently naming the City of Santa Clarita as the best city of its size in California. The City was also named one of the top 5 most business-friendly cities in LA county by the Los Angeles Economic Development Corporation.
Also, the City's designation as an Enterprise Zone means attractive tax benefits and other incentives to businesses within the zone. The zone covers 97% of all commercial, business, and industrial zoned land within the City of Santa Clarita, including the i3 Advanced Technology Incubator. Benefits include:
- Sales and use tax credit: Receive state tax credits on the amount of sales and use tax paid on qualified equipment purchased or leased and used in the zone.
- Business expense deduction: Up to $40,000 can be deducted based on tangible business property purchased and used in the zone.
- Net interest deduction for lenders: Lenders may claim a deduction from state income tax on a portion of the interest earned on loans to Enterprise Zone businesses.
- Net operating loss carryover: 100% of net operating losses can be carried over for up to 15 years.
Contact us to see how your company can gain a competitive advantage by locating in Santa Clarita.
