Stanislaus EZ Gets Expansion

As reported in the Modesto Bee:

Stanislaus County has received a long-awaited approval from the state to expand its enterprise zone to include the cities of Patterson, Oakdale, Riverbank and Ceres. The expansion of the enterprise zone, which grants tax breaks to businesses to spur economic growth, was designed to include several major industrial parks and businesses. It adds 3,090 acres to the original zone, which encompasses 67,509 acres in Modesto, Turlock, Ceres and unincorporated Stanislaus County.

The zone now includes parts of cities that had not previously been participants: Oakdale, Riverbank, Hughson and Patterson.

For me, one of the most interesting facts is the technical point that the expanded area will become effective retroactively to July 2006, the time of the application rather than the time of the final approval from HCD.

Previous Posts:
Stanislaus EZ Seeking Expansion - 5/1/2006
Stanislaus EZ Update - 5/25/2006