What is the Coachella Valley Enterprise Zone ?
area designated by the State as being
eligible for State Income Tax credits and
other financial incentives.
The Enterprise Zone is a geographical area designated by the State as being eligible for State Income Tax credits and other financial incentives. These benefits are only available to companies within the Zone and are offered to 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.
Is your business in the Zone?
The Coachella Valley Enterprise Zone includes over 50 square miles in size and includes the areas of Thousand Palms, Indio, Coachella, Thermal and Mecca. If you are not sure if you are in the Zone, please check our Map or call the Zone office at 760-391-5176 with your address. They can tell you if you are eligible for the Zone’s many benefits.
What are the major benefits?
A State Income Tax credit of over $37,000 to the employer for each qualified employee. 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 contracts.
EMPLOYER HIRING CREDIT • SALES AND USE TAX CREDIT BUSINESS EXPENSE DEDUCTION • NET OPERATING LOSS CARRYOVER • NET INTEREST FOR LENDERS