CC Resolution 2011-015 CV Enterprise Zone ProgramRESOLUTION NO. 2011 - 015
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA ESTABLISHING ITS SUPPORT
OF THE COACHELLA VALLEY ENTERPRISE ZONE
PROGRAM
WHEREAS, the origins of California's Enterprise Zone came through
enactment of two separate programs in 1984 — the Enterprise Zone Act and the
Employment and Economic Incentive Act; and
WHEREAS, the Enterprise Zone provides a geographically- targeted economic
development tool for poor and blighted communities by creating incentives for
businesses to hire new employees and purchase equipment for their businesses;
and
WHEREAS, on November 11`", 2006, the Coachella Valley Enterprise Zone
Authority received its final designation as an Enterprise Zone from the California
Department of Housing and Community Development; and
WHEREAS, the cities and communities of the Coachella Valley experience
high, normal, and seasonal unemployment each year; and
WHEREAS, the economic crisis has exacerbated this situation, resulting in
unemployment rates exceeding 20% in some cities and communities within the
Coachella Valley; and
WHEREAS, these high unemployment rates serve to increase poverty, crime,
and foreclosures of homes, and lead to the disruption of public services to those in
the community most in need of assistance; and
WHEREAS, the Coachella Valley Enterprise Zone Authority has worked to
combat these social problems by using the Enterprise Zone's incentives to
encourage new businesses to locate within the Enterprise Zone and existing
businesses to expand their operations; and
WHEREAS, the Coachella Valley Enterprise Zone has worked with local
organizations and programs, including the Riverside County Economic Development
Agency, the Riverside County Workforce Development Center, the Coachella Valley
Economic Partnership and the Economic Development Departments of the Valley's
municipal jurisdictions in an effort to encourage businesses to hire the most at -risk
individuals; and
WHEREAS, the Coachella Valley Enterprise Zone has issued a total of 2,053
Resolution No. 2011 -015
Supporting the Coachella Valley Enterprise Zone
Adopted: March 15, 2011
Page 2
Hiring Credit Vouchers, with 473 being for New Positions to 169 local businesses
in 2010; and
WHEREAS, the Enterprise Zone has served to attract additional businesses,
including manufacturers to the Coachella Valley, and has helped many others stay
in business or expand their operations; and
WHEREAS, companies moving to or remaining in the Coachella Valley have
stated specifically that the Enterprise Zone was a key component in their decisions
to locate or remain within the Coachella Valley and California; and
WHEREAS, the City of La Quinta acknowledges that the attraction of new
businesses and the retention and expansion of existing businesses is the most
effective way of guaranteeing the long -term well -being of the cities and
communities of the Coachella Valley.
NOW, THEREFORE, BE IT RESOLVED that the City of La Quinta has come to
recognize the Enterprise Zone as one of the most effective State incentive to create
new jobs, grow existing businesses, and compete with other states to attract
outside investment to California; and
BE IT FURTHER RESOLVED that the City Council of the City of La Quinta
believes that the Enterprise Zone has had a significant positive effect on business
activity and economic growth in the Coachella Valley; and
BE IT FURTHER RESOLVED that the City Council of the City of La Quinta
believes that eliminating the most critical business assistance program in the State
would be a huge setback to improving California's business climate and its
struggles to reach an economic recovery, and urges the State of California to
support the Enterprise Zone program.
PASSED, APPROVED and ADOPTED this 15 day of March 2011 by the
following vote:
AYES: Council Members Evans, Franklin, Henderson, Sniff, Mayor Adolph
NOES: None
ABSTAIN: None
ABSENT: None
Resolution No. 2011 -015
Supporting the Coachella Valley Enterprise Zone
Adopted: March 15, 2011
Page 3
ATTEST:
c
VLHONICAONTECINO, CMC,
City of La Inta, California
(City Seal)
APPROVED AS TO FORM:
Clerk
o�4z-=
DON AD PH, M or
City of La Quinta, California
M! KATHERINE JEN40_N/City Attorney
City of La Quinta, Cariifornia