Federal Wage Credit

As of January 1, 2002, any Santa Ana business located within the Santa Ana Federal Empowerment Zone (FEZ) who hires or currently employs a resident of the FEZ may earn an annual federal credit up to $3,000 per qualified employee.

To claim the credit, please complete the FEZ Wage Credit Affidavit Form and submit to the FEZ office to receive address confirmation from a FEZ Representative. 

Tax-Exempt Bond Financing

Through the FEZ, companies can apply for a tax-exempt federal bond to purchase new equipment, renovate existing property and purchase property.  Companies wishing to use this type of financing must employ thirty-five (35%) of FEZ residents to maintain the tax-exempt status of their bonds.

For more information, please review the Bond Application and Bond Guidelines.

 

For more information on the federal tax incentives, please refer to IRS 954 Publication and IRS 8844 Form.