Enterprise Zones - Essay Example

Comments (0) Cite this document
Enterprise zone is a term that refers to a well-defined geographic area within which it is aligned or set aside for purposes of boosting economic activities for businesses within borders of the zone. New job creation is the ultimate result of benefits from enterprise zones…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Enterprise Zones
Read TextPreview

Extract of sample "Enterprise Zones"

Evaluation of enterprise zones Evaluation of enterprise zones Enterprise zone is a term that refers to a well-defined geographic area within which it is aligned or set aside for purposes of boosting economic activities for businesses within borders of the zone. New job creation is the ultimate result of benefits from enterprise zones. Enterprise zones have been on the American urban policy landscape for more than two decades. Indeed, there are many thousands of enterprise zones scattered across the United States. Up to date, however, confusion exists as to what enterprise zones are exactly, their principle objective and whether they are more effective than state and local economic development efforts. The confusion occurs in a considerable number of areas where states have given their enterprise zone programs: renaissance zones, keystone opportunity zones, development zones and program areas, for example.
The states’ enterprise zones present a compelling opportunity to explore the spread of ideas in the American federal system. The enterprise zones have caused a significant debate within the framework of urban policy and economic development over the past two decades. The idea of cutting taxes and regulations as a free market remedy for impoverished areas was originally a frontend brought forward by conservatives and denounced by many liberals. Today, the state zones that populate the landscape of rural and urban areas hardly resemble the anti-government, supply-side approach. A new vibrant, federal empowered zones and enterprise community programs require the inclusion of social programs which provide grants for individual zones.
As to their mode of operation, enterprise zones provide special state and local economic-development incentives that encourage commercial investments and promotion of job creation in the economy. The program primarily aims at providing tax incentives to businesses within an enterprise zone. Eligibility for benefits from the program depends on physical presence in a given zone: existing businesses and those being relocated to such areas are eligible. These incentives include: hiring tax credit, sale and use tax credits, deductions of business expenses, carryover of net operating losses and deduction of net interest that lenders and banks charge. A business located within an enterprise zone may reduce its state income tax by a percentage of wages paid to qualified employees. It may also claim up to half of employee’s wages within the first year of employment.
The drawbacks to enterprise zone system range from costs, training and turnover to customization difficulties. For medium and small size businesses implementation of enterprise zone systems can be expensive because they do not have adequate capital. For the system to work the business must have qualified employees who are knowledgeable in using it. This is a costly venture which has led many small businesses to ignore it altogether. Further, integrating the system to a business is challenging, a factor that has seen employees spent a lot of time in customizing the system with little success. All these factors hinder adoption of the system, especially for small businesses, which end up missing on the benefits thereof.
Alan, H., & Peter, F. (2002). State enterprise zone programs: Have they worked? Michigan: W.E. Upjohn Institute. Read More
Cite this document
  • APA
  • MLA
(“Enterprise Zones Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Enterprise Zones Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Enterprise Zones Essay Example | Topics and Well Written Essays - 500 Words)
Enterprise Zones Essay Example | Topics and Well Written Essays - 500 Words.
“Enterprise Zones Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


UAE Free Trade Zones

...and Africa. With the emergent economy and commerce openings all around, financiers can get themselves in the midst of extremely lucrative business setting. These particulars, together with the consumer centric overhauls make the ADAFZ a rapid emergent commerce destination. FTZ1-Strategies for Growth In an attempt to endorse novelty and private enterprise, the Airport Free Zone started an Enterprise Center and Incubation Center for Business founded on international finest practices. Business incubation is a commerce prop up procedure that fosters the flourishing improvement of start-up businesses by giving capitalists with a variety of targeted assets and overhauls (Mustafa, 2002). A...
7 Pages(1750 words)Research Paper


...?Enterprise QUESTION Entrepreneurial is a characteristic that is referred for a person who has entrepreneurial features. It is generally considered as a quality for a person and the person is considered as an asset for the company. An entrepreneur person is a person who is ready to take risks but the level of risks is not at extremes; the risks are neither to easy nor to risky, the person just knows what is right for him and for the company and he knows how to make profit for the company. The person is very sharp minded and can take initiatives for different projects and deals. He is strong, energetic and positive minded, he always looks towards the bright side of any idea and always tries to find benefits in any proposal...
3 Pages(750 words)Essay

Enterprise Systems

...? Enterprise Systems Enterprise Systems are integrated software tools used by large corporations to increase productivity, attain a homogenous system and to save on cost of implementation. Not all software tools or computer based tools can be called an enterprise system, common tools or common software that can be used across all divisions of a large corporation is called an enterprise system. Examples of enterprise systems are email systems, project management systems and other productivity monitoring tools that would include workflow systems and accounting systems. Enterprise Systems in general are implemented to save on cost of...
4 Pages(1000 words)Essay


...members. All those characteristics make me avoid taking the role of a controller. References Blecker, T 2012, Pioneering Supply Chain Design: a comprehensive insight into emerging trends, technologies, and applications. Lohmar: Eul. Clark, T., Osterwalder, A., & Pigneur, Y 2012, Business model you: A one-page method for reinventing your career. Hoboken, N.J: Wiley. Dunford, E 2011, Architecture Principles The Cornerstones of Enterprise Architecture. Berlin: Heidelberg, Springer Berlin Heidelberg. Frisendal, T 2012, Design thinking business analysis: business concept mapping applied. Berlin: Springer. Hesselbach, J., & Hermann, C 2011, Functional Thinking for Value Creation Proceedings of the 3rd CIRP International...
6 Pages(1500 words)Essay


...? Number: Enterprise 2.0 as a resource and capability The conventional models of how people and organizations publish and utilize information on the web have fundamentally changed in the modern times. Rather than viewing information on static web pages, web users and organizations in particular publish their own content through blogs and Wikis. The current global economy and the ability to be agile to technological change have increasingly become critical in businesses. Information and interactions around it have become the principal resources and capabilities for most business entities. Moreover, making the right decisions is the defining operating feature of succeeding companies (Hinchcliffe, 2009; McAfee, 2009). The...
4 Pages(1000 words)Essay

Humanitarian Assistance in War Zones

...have ceased to exist. However, of late, it has been increasingly noticed, and documented through considerable amount of research by scholars, that humanitarian assistance in war zones, often lead to negative consequences and does ‘more harm than good’. The argument/s presented above, propagating the need and urgency of humanitarian aid in war plagued nations, builds the premise for the dilemma faced by such international aid providers and non-governmental organizations, in contemporary times. Meaning and scope of Key Terms used: This paper mainly focuses on the negative consequences of humanitarian assistance in war zones. With regard to conflicts, the terms humanitarian assistance and...
13 Pages(3250 words)Research Paper

Distance Zones (Sociology Class)

...& Number: Proxemics (A study of distance or spatial zones) 15 September (word count – 689) It was anthropologist Edward T.Hall who is generally credited with creating the term of proxemics or the study of behavioral, cultural and sociological aspects of distance between people as they interact with each other in the course of their lives. Different cultures have a bit of differences between how people also communicate with each other besides using language but other forms of non-verbal communications, such as putting distance between another man or woman as they speak to each other, body language, eye contact and hand gestures. People also behave differently when put together in close proximity than if there is some...
2 Pages(500 words)Research Paper


...Enterprise has remained one of the leading car rental services in the country and has earned a reputation of being a focused organization. Over the period of time, it has been able to achieve consistent level of growth by adapting innovative management policies and a relentless focus on the customer services. It has been able to put in place a system which allows it to actually understand what its customers require and deliver the same through a cost effective service to its customers while still being strictly local. It matches the experience of its customers by offering them timely services; clean vehicles and easy local accessibility which can reduce the cost for its customers while at the same time ensure that...
4 Pages(1000 words)Essay

Parts and Functions of the Conducting Zones and Respiratory Zones

...The conducting zones, as well as the respiratory zones, have various parts. These parts perform various functions. The conducting zone comprises all parts that are responsible for air to pass so that it can reach the respiratory zone. The parts include the mucous that is responsible for the humidity of the air. The second function of this zone is filtering the air. There are various things that are responsible for filtering the air. The first filter is the nose hairs. For example, some dust particles are trapped in this area. The second thing that is involved in filtering of air is conchae. The conchae push the air to the wall of the conducting...
2 Pages(500 words)Essay

Globalization & Networks or Safe Zones

..., it is the responsibility of individual citizens, especially parents, to choose what is appropriate. This can be achieved by the use of filter software to block content that is deemed inappropriate. In addition, it is important to use labels that describe what is offered on certain websites. With such labels, users can set their browsers to block access to such sites or content. Finally, secure networks or safe zones, can be used access specific sites, and this is particularly useful for children. Question 2 It is no doubt that overfishing poses great risk to marine life, including fish. As a fishing company, in order to address the problem of overfishing in international waters, it will be necessary to propose rules...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Enterprise Zones for FREE!

Contact Us