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Give them a break; tax advantages in Enterprise Zones fail to boost business in problem areas.
From:
Los Angeles Business Journal
| Date:
May 1, 2006| Author:
Carroll, David; Ross, Jean
| COPYRIGHT 2006 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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More than two decades after California's Enterprise Zone Program was created to encourage job and business growth in economically distressed areas, the program is in need of reform.
Enterprise zones have cost California over $1.5 billion, yet neither program proponents nor state administrators can conclusively establish a link between enterprise zone tax breaks and increased employment, firm growth, or economic development. The state spends hundreds of millions of dollar...
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