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Enterprise Zone Program
The San Jose Enterprise Zone Program is administered by the San Jose Redevelopment Agency. The Enterprise Zone Program, established by the State of California in 1984, was designed to encourage business investment and create job opportunities by providing various tax credits and deductions to businesses in areas in need of economic development. The zone encompasses a 12 square-mile state-designated area including Downtown San Jose, several Neighborhood Business Districts and Julian/Stockton and Monterey Corridor Redevelopment Areas.
On January 9, 2009 the Enterprise Zone was expanded to include portions of Airport West, Alum Rock - East San Jose, Edenvale, Rincon de Los Esteros and a site north of highway 237. View a map.
| Incentives |
Business Expense Deductions |
Deductions up to $20,000 for qualified tangible property used exclusively in the Enterprise Zone. |
| Income Tax Credits for Employees |
Employees working within the Enterprise Zone may be eligible for a credit against their personal income taxes for a portion of the qualified wages they earned (up to $10,500) in the Enterprise Zone. The credit is five percent (5%) of the qualified wage up to a maximum credit of $525. |
Hiring Tax Credits
Application and Eligibility |
Businesses hiring persons from one of 13 eligibility categories may claim tax credits on wages paid to those employees for five years. The first-year hiring credit is 50% of the employees' qualified wages. |
| Net Interest Deductions for Lender |
Lenders may receive a tax deduction on the amount of "net interest" earned on loans made to businesses located in the Enterprise Zone. |
| Net Operating Loss Carryovers |
100% of net operating losses can be carried over up to 15 years to reduce the amount of taxable income levels paid in subsequent years. |
| Sales and Use Tax Credits |
State tax credits equal to the amount of sales and use tax paid on manufacturing and data processing equipment. The equipment must be purchased and used in the Enterprise Zone. |
Enterprise Zone Documents
Fact Sheet
Enterprise Zone Tax Guidelines (Franchise Tax Board Publications 3805Z)
Enterprise Zone Addresses
Enterprise Zone Map
Targeted Employment Area Map
Targeted Employment Area Addresses
Contact Us
For more information, call .
Voucher application submittals may be mailed to:
Enterprise Zone Program
San Jose Redevelopment Agency
200 East Santa Clara Street, 14th Floor
San Jose, California 95113
Phone: Fax:
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