On April 5, the City Council approved a study to analyze and provide recommendations on a potential Transient Occupancy Tax Incentive Program. With the dissolution of the Redevelopment Agency and elimination of the State Enterprise Zone Program in California, municipalities have been left to assemble new tools to incentivize economic development including business retention and attraction. The tourism industry is one of the most highly taxed and labor intensive sectors of the economy, and therefore, it is important for the City to look at ways in which such a program might be applicable to Long Beach. To review the associated staff report, click here.
