NEW MEMBER SPOTLIGHT!

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The Sun Valley Area Chamber of Commerce would like to welcome the following companies to the Chamber!

Our Lady of the Holy Rosary Elementary School

San Francis Imports

A&R Auto Body

Milam, Knecht & Warner, LLC

King's Kabab
                    
Tony's Tires

Freddy's Transmission 

Sun Valley is a California Enterprise Zone!

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The Enterprise Zone Program is responsible for designating California's 42 Enterprise Zones authorized by the state legislature. The program targets economically distressed areas throughout California, providing special incentives designed to encourage business investment and promote the creation of new jobs. The purpose of the program is to stimulate development by providing tax incentives to businesses and allow private sector market forces to revive the local economy. Each Enterprise Zone is administered by it's local jurisdiction working with local agencies and business groups to promote economic growth through business attraction, expansion and retention.

Tax Benefits
Enterprise Zone companies are eligible for substantial tax credits and benefits including:
  • Hiring Credits - Firms can earn $37,440 or more in state tax credits for each qualified employee hired;
  • Up to 100% Net Operating Loss (NOL) carry-forward. NOL may be carried forward 15 years (suspended for tax years 2002 and 2003);
  • Corporations can earn sales tax credits on purchases of $20 million per year of qualified machinery and machinery parts;
  • Up-front expensing of certain depreciable property. Lenders to Zone businesses may receive a net interest deduction;
  • Unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment;
  • Enterprise Zone companies can earn preference points on state contracts.

Find Out More About What the Sun Valley Enterprise Zone Means for Your Business!

Please Support these SVACC Initiatives:

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Want to Join the Sun Valley Area Chamber of Commerce?

Not sure if the Chamber of Commerce is right for you and your business. Call the Chamber Office  at (818) 768-2014 Monday, Wednesday or Friday between 10am - 1pm and get your questions answered.

EXTRA! EXTRA!

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MEMBERS! We Want To Share Your News!

E-Mail us Today!
Sun Valley Area Chamber of Commerce

Phone: (818) 768-2014 
Fax: (818) 771-9793

Mailing: 
PO BOX 308, Sun Valley, CA 91353                            

www.svacc.com 



Location:
11501 Strathern St.
North Hollywood
Located inside the John Wells Golf Center

info@svacc.com

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