Economic Development and Enterprise Zones

Paper Summary:

This paper discusses the implications of economic development, particularly in the form of enterprise zones. The paper defines enterprise zones and discusses their purpose, and focuses on the strengthening of enterprise zones in the state of North Carolina. The paper also looks at the cost benefit analysis and the incentives for the government to set up th development programs in the form of minority, women and disadvantaged business enterprise (MWDBE) programs. Finally, the paper looks at the ethical consequences associated with the programs.

Table of Contents:
Enterprise Zones
Enterprise Zone and Economic Development
Cost Benefit Analysis
Incentives
Ethical Consequences
Conclusion

From the Paper:

"The city of Charlotte focuses consistently on the needs of the community and the ethical standards that are essential in evaluating programs and the populations that those programs affect ("City", 2006, p. 14). In some locations the economic development initiatives that have been attempted through the creation of enterprise zones have not been affective because of the government's willingness to bend rules regarding enterprise zone policies and support wealthy business owners. Yet, in North Carolina this issue was alleviated with the changes in the policies associated with enterprise zones in 1999. It is for this reason that it is evident that the inclusion of MWBDE businesses within enterprise zones in North Carolina would be handled with the utmost ethical considerations, leading to a successful partnership between enterprise zones and the disadvantaged businesses in the zone areas."

Sample of Sources Used:

• Business certification programs. (n.d.). Indiana Small Business Development Center. Retrieved April 15, 2007, from http://www.nwisbdc.org/index.asp?action=page&name=17&subname=10
• City of Charlotte North Carolina Comprehensive Annual Financial Report. (2006). City of Charlotte. Retrieved April 15, 2007, from http://aolsearch.aol.com/aol/search?invocationType=topsearchbox.search&query=enterprise+zones+charlotte+north+carolina
• Straying from good intentions. (2003). Good Jobs First. Retrieved April 15, 2007, from http://www.goodjobsfirst.org/pdf/straying.pdf
• Welcome to the community renewal initiative. (2002). Department of Housing and Urban Development. Retrieved April 15, 2007, from http://www.hud.gov/offices/cpd/economicdevelopment/programs/rc/index.cfm

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