NTC Earns Designation That Allows Tax Credits and Other Incentives for Development

SAN DIEGO-The Naval Training Center has earned a state designation that paves the way for prospective companies to secure sales, tax and hiring credits at the closed military base.

Lon S. Hatamiya, secretary for the California Technology, Trade and Commerce Agency, announced this week that the NTC received the preliminary designation under the agency’s program for reusing closed military bases. The announcement “is the first step in clearing a path for maximizing job-creation activities at the Naval Training Center,” says Hatamiya.The designations “have shown to be an effective tool for local economic developers to assist in their job-attraction efforts,” he adds.

As part of the process, the state requires communities to submit an economic development plan for taking the redevelopment project from theory to reality. The state agency administers the program, created to stimulate job creation and development in areas experiencing military base downsizing and closure.