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TEA worth $187K to employers
Enterprise zone plus right hire benefits business
JOBFAIR3-3-6-10
Applicants wait to be interviewed for hotel jobs in 2010. - photo by Bulletin file photo

If you are unemployed in Central Manteca you might want to put on your resume that you could be worth at least $187,200 in state tax credits if the right company hires you.

That’s because employers within designated enterprise zones- of which most of Manteca falls - can qualify for state tax credits if they hire specific classes of folks to fill a job. The list of workers who could help such a firm obtain a $37,440 a year tax credit for five years if they are hired include individuals certified for the CalWorks program, Native Americans, displaced workers, those eligible for public assistance, ex-offenders, or a resident of a targeted employment area (TEA).

The Manteca City Council tonight is expected to approve the revised boundaries for census tracts that qualify as TEAs. They must have 51 percent or more of its residents at low- or moderate-income levels. The TEA designation is to encourage businesses within the enterprise zones to hire eligible residents of a qualified geographical area that are most in need of employment.

From 2010 to 2012, employers in San Joaquin County received 20,092 tax credit vouchers for hiring new enterprise zone qualified employees. Nearly 90 percent of all of those employees were from the TEA category.

Manteca residents living in the box created by Airport Way, Louise Avenue, Cottage Avenue and Yosemite Avenue are in a qualifying TEA. So is the area around Doctors Hospital of Manteca, neighborhoods south of Yosemite Avenue and north of Sequoia School plus an area southwest of Main Street and Lathrop Road.

There are also parts of Lathrop and Ripon with a TEA designation.