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JAMES QUIGG, DAILY PRESS Jets fill the tarmac at the Southern California Logistics Airport. The Victor Valley Economic Development Authority is looking to have the entire 10,500 square acre area affected by the George Air Force Base Closure declared an enterprise Zone, which will offer significant tax incentives to bring in new business.
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New strategy for luring business to Victor Valley

VVEDA looks to create near valley-wide Enterprise Zone

A regional economic development group is looking to follow the city of Hesperia’s example by possibly getting a huge portion of the Victor Valley declared an Enterprise Zone.

The designation would create a number of significant tax incentives to help lure businesses to the region.

“An enterprise zone is a very effective economic development tool,” said David Zook, chief of staff for 1st District Supervisor Brad Mitzelfelt. “It gives a company looking to locate a facility tremendous incentives to locate there.”

Among those incentives are generous tax credits for hiring new employees and substantial sales tax credits on new equipment, so a business such as Dr Pepper Snapple Group could get a break on the pricey bottling equipment that’s being rolled into its coming plant at this moment.

Mitzelfelt chairs the Victor Valley Economic Development Authority, charged with overseeing the revitalization of 10,500 local acres impacted by the closure of George Air Force Base in 1992. VVEDA’s project area includes almost all of Victorville, large chunks of Adelanto and Apple Valley, a portion of Hesperia and patches of unincorporated San Bernardino County scattered across the Victor Valley.

VVEDA’s board this month approved paying some $9,000 for a consultant to study the feasibility of a VVEDA Enterprise Zone. Zook said the results are due back in November.

If the group is successful, the Victor Valley’s enterprise zone designation will last for 15 years.

To read read the full story, see Sunday's edition of the Press Dispatch. To subscribe to the Daily Press in print or online, call 760-241-7755 or click here.

Brooke Edwards may be reached at (760) 955-5358 or at bedwards@VVDailyPress.com.


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Our govermemt finds it necessary to hire consultants to lower taxes, so companies can hire more people? Let's declare the US as an enterprise zone

Geno - Nov 02, 2009 01:07:51 PM Remove Comment
 

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