Stimulating Growth in Depressed Regions: Recent Studies Show
- The 2006 report to HCD on enterprise zones found specifically:
- Poverty decreased 7.35% more in zones than in the rest of California;
- Unemployment rates fell by 1.2% more than the rest of the state;
- Household incomes grew 7.1% faster in zones; and
- The wages and salary levels in zones grew 3.5% more than the rest of the state.
“Census tracts that were designated as EZs experienced larger declines in unemployment and poverty rates compared to the areas surrounding them, or compared to the areas that had similar unemployment and poverty rates.” – Report by Ayse Imrohoroglu and Charles Swenson at the University of Southern California, “Do Enterprise Zones Work?,” 2007
May 9th, 2009 at 7:05 pm
Enterprise Zones are a great program. The whole idea is to stimulate an area by giving tax breaks to businesses that take part in the redevelopment of a neighborhood. The tax breaks are enought to make a difference for some businesses.
May 13th, 2009 at 10:06 am
I am very interested in this