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Enterprise zone benefits explained at luncheon

Posted: Wednesday, Nov 28th, 2012

SOUTH MONTEREY COUNTY — Small Business Development Center adviser Michael Adams made a presentation at the King City Chamber Luncheon this month regarding the Salinas Valley Enterprise Zone, where he explained how the program works so local businesses could take advantage of many benefits offered.

“I would recommend this to any business thinking of hiring new employees or even if they want to benefit from the employees they hired one or two years ago,” said Farmers Insurance Group Agency owner Robert Cullen. “If businesses in the enterprise zone don’t utilize the program, they are just leaving money on the table.”

Cullen received his bachelor’s degree in financial management and his master’s in business administration from Cal Poly San Luis Obispo. His MBA concentrated on accounting and management information systems.

In January of 2010, Cullen applied for the tax hire credit, and since then, he has hired three employees who qualified. These three employees were replacement staff due to turnover. Annually, he saves $7,500 per year.

For the complete article see the 11-28-2012 issue.

Click here to purchase an electronic version of the 11-28-2012 paper.

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