Budget proposal would drop enterprise zones
- January 12, 2011
- A study coauthored by David Neumark, economics professor, is featured in the Inland Valley Daily Bulletin and San Bernardino Sun January 11, 2011
From the Inland Valley Daily Bulletin:
Gov. Jerry Brown's first budget proposal has something for virtually every interest group and California constituency to hate. A proposal to eliminate enterprise zone tax incentives is one of those things for some business owners.... The San Francisco-based Public Policy Institute of California published a 2009 report concluding that enterprise zones lead to no statistically significant effect on job creation when compared to surrounding areas. The administration's proposal cites the PPIC report as evidence supporting the elimination of enterprise zone. "The performance of the policy relative to its goals does not just come up short, but it does not succeed at all," said report co-author and UC Irvine economics professor David Neumark.
For the full story, please visit http://www.dailybulletin.com/ci_17071964.