What is the San Bernardino Valley Enterprise Zone?
The San Bernardino Valley Enterprise Zone (SBVEZ) is one of 40 enterprise zones established by the California Department of Housing and Community Development that provides businesses several annual tax benefits. The zone covers a territory of 46-sqaure miles in Southern California and includes the cities of Colton, San Bernardino and unincorporated portions of San Bernardino County.
ANY business located or investing in the SBVEZ. Manufacturers, retailers, restaurants and professional and consumer service companies that use the SBVEZ include Amazon, Ashley Furniture, Kohl’s, Hewlett Packard, Cannon Safe, Diesel Injection, Mitsubishi Motors, Global Environmental Products, Sketchers, Simpson Strong Tie, Hayden Industrial Products, Parsons Brinkerhoff, Co-West, Isolatek International, Groeb Farms (formerly Miller Honey) and Dollar General.
Why choose the SBVEZ?
In addition to its unique tax incentives and cost savings, the SBVEZ also offers:
- Proximity to major U.S. distribution and logistic channels
- Cost-competitive and new commercial building stock
- Large labor pool of skilled workers
- Other workforce and business assistance programs
What is the bottom line?
California can be a costly state for business. By locating in the SBVEZ, your business can collect financial benefits, which go a long way in offsetting workforce and other investment costs. Its tax incentives are available to any business that wants to use them, so don’t leave money on the table. Take advantage of the few cost benefits the state offers today.