The following news release from the Economic Development Corporation serving Fresno County was received by KMPH.com on Thursday, July 12, 2012:
Doing business in the City of Orange Cove just got significantly cheaper. As of July 1st, commercial and industrial developers will now receive a deep, 50-percent discount on all impact fees for development within the City.
This impact fee reduction, set to expire December 2013, is a part of the City's proactive approach to attract potential business to Orange Cove.
"This major fee reduction is another example of the City of Orange Cove's determination to attract more business and to be even more business friendly," said City of Orange Cove Mayor Gabriel Jimenez.
Glenda Hill, Mayor Pro Tem, said the 50-percent reduction in fees will attract new business that in turn can take advantage of other existing business incentives.
"We have many untapped resources like the HUB Zone and Enterprise Zone that can benefit businesses that locate themselves in Orange Cove," Mayor Jimenez said.
Locating within a HUB Zone like Orange Cove offers small businesses a ten percent price evaluation preference in full and open federal contract competitions. Additionally, businesses that locate to Orange Cove also qualify for Enterprise Zone incentives which include a $37,440 tax credit per qualified employee in addition to other money saving business deductions.
"I am very optimistic that the reduction in fees, coupled with our existing incentives, will provide Orange Cove with the opportunity to become the thriving community that the people of Orange Cove much deserve," Mayor Pro Tem Glenda Hill added.