Report: Enterprise zones miss mark - Sacramento Business Journal:

fixyruw.wordpress.com
The enterprise program — introducec a few decades ago and has been designatedd to dozens of communities statewide has no effect on job creation comparee toother regions, according to the PPIC officials say the state shoulrd consider the effect of enterprise zoneds and whether the should continue. The state has 42 enterprise and will costabout $500 million during the next fiscal year. A few have been successful, but, on the enterprise zones did little forjob creation.
“Ther state can ill afford to continue the enterprises zone program without clearer evidence of its benefits ora well-definedc plan to make it more effective,” PPIC associatwe director of research Jed Kolko said in a news releasre and co-authored the report with David PPIC senior fellow and economics professo r at University of California The state created the enterprise zone program in offering tax credits to businessed for creating jobs and purchasinvg equipment. The PPIC report is the third announcement on the controversial The stateLegislative Analyst’s Office, citing the projectefd $24 billion budget shortfall next year, encourages scaling back on the program.
However, the , whosee members are from the public andprivate sector, has pushecd to expand the program to help jump-start the sputtering Charles Swenson, professor for the in Los Angeles, challengew the Public Policy Institute report, claimingt enterprise zones boost employment, increases household income and lower s poverty rates. He added a much-broader focus on enterprise zones is needed to determine the succesds ofthe program. “What this papefr demonstrates is that to evaluate an enterprisezone program’s economic we need to look at a numbed of outcomes – job growth, unemployment income levels, business retention, etc.
” Swenson Craig Johnson, president of the California Associatiobn of Enterprise Zones, also questioned the report. “When you look at the wholw picture – the enterprise zone program is an essentiaol tool for economic growtjhin California,” Johnson said. “The program deliverz measurable benefits to our state by creating jobs and businesw growth opportunities for economically disadvantaged individualsand