Enterprise Zones - Arvin, Delano and Shafter zones offer substantial state tax credits and benefits, including:

• Hiring tax credits - $31,544 or more for each qualified employee hired
• 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 businesses located in the Enterprise Zone may receive a net interest deduction
• Up to 100% Net Operating Loss (NOL) carry-forward. NOL may be carried forward 15 years.
• Credit Carryover - unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment.

Foreign Trade Zone (FTZ) - allows manufacturers and importers to manufacture, assemble, process, store, test, re-label, repack or process imported materials without paying customer duties or government excise taxes and export the final product from the United States with no tax liabilities. Other benefits include:

• Deferral of duties, taxes and conformation to regulations until a product enters in to the Commerce of the United States
• No duties or taxes if the product of components are re-exports outside the United States
• U.S. quota exemption opportunities
• Cash flow is preserved when buying and shipping in quantity and use/release goods and components on an as needed basis, often deferring duty payment until the time of distribution
• Product inspections without prepayment duties
• Elimination of duties on labor

Kern County has four Foreign Trade Zones-

• California City Foreign Trade Zone
• Mojave Airport Foreign Trade Zone
• Shafter Foreign Trade Zone
• Tejon Industrial Complex Foreign Trade Zone

Redevelopment Area - Property tax increments dedicated for land, fees, infrastructure and other development costs within redevelopment agency boundaries.

Recycling Market Development Zone (RMDZ) - Low interest loans and assistance for manufacturers using recycled materials.