Enterprise Zone

State Designated Enterprise Zone
Portions of Emeryville are located within a State-designated Enterprise Zone administered by the City of Oakland. Established in 1984 by the State of California, the Enterprise Zone Program was developed to stimulate private investment and promote job creation.

State Tax Credits & Tax Incentives
Economically distressed areas were targeted for special State tax credits and tax incentives:
  • Corporations can earn sales tax credits on purchases of $20 million per year of qualified machinery and machinery parts
  • Enterprise Zone companies can earn preference points on state contracts
  • Hiring Credits - Firms can earn $37,440 or more in state tax credits for each qualified employee hired
  • Unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment
  • Up to 100% Net Operating Loss (NOL) carry-forward. NOL may be carried forward 15 years (suspended for tax years 2002 and 2003)
  • Up-front expensing of certain depreciable property. Lenders to Zone businesses may receive a net interest deduction
Obtaining Tax Credits
There are several ways in which employers can obtain state hiring tax credits, including hiring veterans, unemployed, disabled, or residents of certain designated low-income areas. These low-income areas are designated as Targeted Employment Areas which allows hiring of residents from these areas to qualify Enterprise Zone employers for substantial hiring credits through a "vouchering" system.

More Information
For information on the Enterprise Zone and to access its benefits, please visit The Oakland Enterprise Zone contact Susana Villarreal, Oakland Enterprise Zone Coordinator 510-238-7794.