Incentive Zones & Tax Credits
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Development and Resource Management Administration
2600 Fresno St
Room 3065
Fresno, CA 93721
559-621-8003
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Incentive Zones & Tax Credits
Visit our
Incentive Zone Address Locator to find out which zones your business may qualify for!
Watch -Incentive Zone Manager Kelly Trevino explains the federal, state and local zones available to businesses.
LOCAL INCENTIVES
The City of Fresno Enterprise Zone
If your business is located within this area you can receive:
• Tax credits for hiring eligible employees (up to $37,440 per employee!)
• Sales & use tax credits for purchases of qualified new machinery, equipment or pollution control devices
• Business expense deductions
• Net operating loss carryovers
• Net interest deductions (for lenders)
For more information on this zone, or to see if you qualify, please visit: Enterprise Zone
The Fresno Empowerment Zone
If your business is located within this area you can receive:
• Federal Employment Tax Credits for hiring employees who live within the Empowerment Zone (up to $3,000 per year per employee!)
• Other benefits such as: Increased 179 deductions, tax-exempt bonds, bonus points on grant applications...etc.
For more information on this zone, or to see if you qualify, please visit: Empowerment Zone
Foreign Trade Zone
Through utilization of a FTZ, imported material avoids any Customs duties under the following scenarios:
• Any previously-imported material re-exported
• Rejected, scrapped, destroyed, waste, or returned-to-vendor material
• Sales to companies operating in other U.S. FTZs. (There are nearly 2500 companies utilizing FTZ’s and nearly 250 manufacturing subzones.)
For more information on this zone, or to see if you quality, please visit:
Foreign Trade Zone
Historically Underutilized Business Zone,
Operated by the Small Business Association:
Small businesses must meet the following criteria:
• Must be a small business by SBA size standards.
• Principal office must by located within a HUBZone, which includes land on federally recognized Indian reservations.
• Must be owned and controlled by one or more U.S. citizens, Community Development Corporation or Indian Tribe.
• At least 35% of the employees must reside in a HUBZone.
For more information on this zone, or to see if you quality, please visit: HUB Zone
Contact
Downtown and Community Revitalization
2600 Fresno Street, Room 2156-02
Fresno, CA 93721
(559) 621-8350
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