Empowerment Zone Benefits
The City of Fresno Empowerment Zone has been extended through 12/31/2016!
Wage Credits = More Jobs
A variety of credits are available to employers for both existing employees and new hires. For example, you can earn an employment tax credit of up to $1,500 or $3,000 per year, per qualified employee.
There are three primary wage credits:
Employment Tax Credit
Work Opportunity Tax Credit
Welfare to work Tax Credit
Deductions = Community Investment
Specialized deductions encourage corporations and business owners to invest in building and equipment that will help our local economy thrive. These include:
Increased Section 179 Deductions
Environmental Cleanup Deduction
Bond Financing = Partnership for Growth
Bond programs stimulate investment and provide substantial interest savings. EZ Facility BondsQualified Zone Academy Bonds
Capital Gains = Avenue for Reinvestment
Capital gains programs designed to encourage area-wide reinvestment. Nonrecognition of Gain on Sale of EZ Assets Partial Exclusion of Gain From Sale of EZ Stock
Other Incentives = Better Quality of Life
The Empowerment Zone designation qualifies participants for several additional tax credits. These include generous allowances for newly constructed or renovated rental housing targeting low-income residents of our city.
New Markets Tax Credit
Low Income Housing Tax CreditContact Information
Economic Development Department
2600 Fresno Street
Fresno, Ca. 93721
Phone: (559) email@example.com