At last Tuesday’s City Council meeting it was revealed that the Enterprise Zone Employee Vouchers would  almost certainly not be refunded.  This news was delivered in a report from the League of California Cities.

Enterprise Zone Employee Vouchers are direct State of California subsidies to businesses in Eureka.  Over the last 3 years I estimate these subsidies at over $7,000,000 with an estimated $3,000.000 just this year.

How will Old Town businesses fare without a $3,000.000 taxpayer subsidy?  Will some of these 600 voucher employees be terminated?  Will unemployment go up?