Urban Enterprise Zones
Urban Enterprise Zones have been proposed by Congress members and by key Reagan administration officials as a means of revitalizing deteriorating, socio-economically distressed urban neighborhoods. The enterprise zone concept, developed in Great Britain, is based on the assumption that tax credits and other benefits to business will attract business into such zones and create jobs, thus leading to community development and revitalization. This document provides a brief analysis of enterprise zone legislation at the time, focusing on the Kemp-Garcia bill. The analysis provided draws heavily upon more extensive analyses carried out by the National Urban Coalition and the National Congress for Community Economic Development.