Report: Dollar for Dollar, California’s Enterprise Zone Program Falls Short
Chris Hoene
As deliberations over the 2013-14 state budget continue, one key issue under discussion is the future of California's Enterprise Zone (EZ) Program. This program was created nearly 30 years ago to promote business development and job creation in economically distressed areas, but independent studies have questioned the effectiveness of EZ tax breaks in achieving their goals — even as program costs have skyrocketed.
A new California Budget Project report on the EZ Program examines the growing cost to the state of the EZ tax breaks, looks at who receives these breaks, and discusses current proposals to reform the EZ Program, including those contained in Governor Brown's May Revision of his proposed 2013-14 budget.