Tax credits, exemptions highlight meeting with state reps

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webmaster | 07/16/14
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Dozens of local business leaders listened to state representatives explain Gov. Jerry Brown’s three-pronged economic development plan Tuesday during a town hall meeting in Madera’s Hampton Inn & Suites.

Organized by Madera County Supervisor Rick Farinelli, the meeting revolved largely around new tax credits and incentives designed to promote California’s business climate and compete with other states.

“We want to help companies that are here grow and expand or help companies outside of California come in and find the right spot,” said Patrick McGuire, senior business development specialist for the Governor’s office of Business and Economic Development (GO-Biz).

To accomplish that, McGuire brought up three items passed in 2013 that started this year: a tax credit for hiring new employees; a manufacturing sales tax exemption that began at the start of this month; and the “California Competes” program...

 

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