Supervisors support enterprise zones

(From The Signal) As state officials decide whether to expand Santa Clarita’s enterprise zone to cover businesses in unincorporated areas of the Santa Clarita Valley, county supervisors say California’s largest business-incentive program should be made even bigger.

The Los Angeles County Board of Supervisors unanimously approved a resolution at a meeting earlier this week opposing any cuts to the state’s enterprise-zone program. Enterprise zones are intended to help business owners by providing them tax breaks for hiring laid-off workers, veterans and convicts. Some experts say the program may not work.

A report from the Public Policy Institute of California released last year said it’s difficult to determine if enterprise zones help the economy, and cost the state about $533 million in lost tax revenue in 2005.

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