COC

City of Compton
Enterprise Zone Program (EZ)

Choose a Topic Enterprise Zone Eligibility EZ Street Ranges, Targeted Employment Area, Boundary Maps Enterprise Zone California Benefits Enterprise Zone Compton Incentives Enterprise Zone Voucher Application Enterprise Zone Estimator Tax Benefits Calculator Enterprise Zone Workshops and Trainings Frequently Asked Questions Important Enterprise Zone Web Page links Contacts

 

Introduction:

On November 3rd 2006, California Governor Arnold Schwarzenegger announced that the City of Compton was one of 23 communities to receive a State Enterprise Zone Program. The state awarded the Enterprise Zone designations on a competitive basis. Compton’s application ranked 8th of the 25 applications approved for a California Enterprise Zone.
Compton invested thousands of hours of staff time, creative energy and knowledge, and paid out thousands of dollars for consulting support and environmental studies to prepare the EZ application. When completed the City’s application consisted literally two telephone books of documents, tables, GIS maps and other documentations required by the state for the City to have a responsive application. The City believes that the investment in securing the designation and developing a Compton Enterprise Zone Program will generate significant returns in the form of:

1. Business and industrial expansion and growth,
   
2. New businesses and industry cluster attraction,
   
3. Jobs and job opportunities for Compton residents ,and an
   
4. Infusion of new private sector equity capital and financing for Compton businesses.

 

Enterprise Zone Description:

An Enterprise Zone is a geographical area in which companies are eligible to receive lucrative tax benefits (tax expense deductions, credits and etc.) and exclusive contracting point preferences when bidding on California procurement contracts. Enterprise employees with low-incomes may also receive a state tax deduction for working at an Enterprise Zone Business.

Compton Enterprise Zone Duration:
Compton’s Enterprise Zone program is a long-term partnership between the City of Compton and the Compton Business Community. The duration of Compton’s Enterprise Zone is fifteen (15) years

Designation Date: TBA - Expiration Date: TBA