Enterprise zone plan would boost economy
As California slowly recovers from the Great Recession, the governor and the Legislature must do more to revitalize our economy. One of the few remaining economic development tools left in California, the $700 million enterprise zone program, is wasteful and ineffective. Gov. Jerry Brown's budget proposal to recast enterprise zones and stimulate manufacturing in the state is a step in the right direction.
Brown's plan will strengthen our manufacturing and biotechnology sectors while providing an economic lift to distressed communities. Importantly, it offers new tax credits that wouldn't provide incentives for gimmicks that abuse workers, but would create jobs in the state. The current law allowed: