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HCD Announces Extended Deadline for Submission of Geographically-Targeted Economic Development Areas (G-TEDAs) Biennial Reports

September 21, 2012

The Department of Housing and Economic Development’s (HCD) Geographically-Targeted Economic Development Areas (G-TEDAs) biennial reports for FY 2009-10 and FY 2010-11 are due, as required by statute, by Oct. 1.

 

However, because HCD has been advised not to suspend reporting requirements until pending proposed rulemaking governing the enterprise zones could be adopted, HCD has extended a 60-day grace period for reporting due to the late notice.

California currently has four types of G-TEDAs which provide related tax benefits and locally provided incentives in order to encourage business investment and job creation for qualified disadvantaged individuals in state-designated economically distressed areas.

These areas are:

  • Enterprise Zones;
  • Local Agency Military Base Recovery Areas;
  • Manufacturing Enhancement Areas; and
  • Targeted Tax Areas.

If your city has one of these G-TEDAs, please ensure that reports are submitted to HCD no later than Nov. 30.

For questions regarding these reports, please contact John Nunn at (916) 322-1554.

For more information please visit HCD’s website at http://www.hcd.ca.gov/fa/ez.



 
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