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Governor Francisco Vega endorses employment and economic growth crusade

He said that, through state agencies, resources will go to support programs seeking to benefit credit and financing for businesses

On January 21st, 2015, the State Governor Francisco Vega de Lamadrid, endorsed a commitment to maintain Baja California’s Crusade for Jobs and Economic Growth (CRECEBC), together with officials and representatives of various sectors, through which a goal consisting of the attraction of 2 thousand 400 million dollars in direct foreign investment, as well as for the creation of 55,000 jobs, is seen.

The governor emphasized that this initiative paid off in 2014, by forming a single action line, with support from the municipalities and the federal government, which resulted in a coordinated stimulus for investment and business support, as well as a removal of development inhibitors.

He said that, through state agencies, resources will go to support programs seeking to benefit credit and financing for businesses, as well as agricultural and fishery producers. Coupled with this effort, emergency measures for economic and social momentum in the region will be implemented; thus, the negative effects of measures that have affected development will be offset.

CRECEBC’S 46 measures

1- Ensenada’s suburban areas will be exempt of up to 60% of the payment of fees for the use of domestic and commercial water, as well as for sewer connection and maintenance.

2- The Livestock sector and any milk producers within Tijuana’s suburban area will be granted a 60% discount on rights for the consumption of untreated water, as well as 60% in the payment of surcharges.

3- A 12% discount on the annual fee and 7.5% on semi-annual prepayment of water consumption will be provided.

4- People who are living in poverty and are over 60 years of age, or widowed people living in poverty that are over 50 years of age, as well as the disabled and pensioners will be exempt from paying for water service, if this does not exceed 25m3.

5- Businesses that operate water treatment plants will be exempt of up to 30% in monthly payment of fees for water consumption.

6- The payment of Rights that, under the Revenue Act of the State of Baja California for the Fiscal Year of 2015, are generated by the services provided by the Directorate of Public Registry and Property and Trade for registration of grants of powers, public and private documents by which civil societies are formed, will be reduced up to 75%.

7- In support of the wine business, the State Tax for the Final Sale of alcoholic beverages produced in Baja California is eliminated.

8- The Personal Work Payroll Tax will be reduced up to 100% for all new jobs created and up to 50% for existing jobs, to companies that present investment projects.

9- People who are dedicated exclusively to both activities related to agriculture, livestock, fishery or forestry, as well as to the export of their products, will be exempt of up to 100% of the Personal Work Payroll Tax.

10- All individuals or entities that export their products will be exempt of up to 70% of the Personal Work Payroll Tax.

11- Continue reading article here

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