James F. Merna

Document Type

Peach Sheet


The Act provides municipal and county governments the authority to create Enterprise Zones to provide financial incentives for businesses to create or expand operations in those zones and create new jobs. The economic incentives are in the form of a graduated schedule for reduced property taxes, and other tax exemptions and abatements. Areas applying for the Enterprise Zone designation must meet strict criteria to show an economic need for development. The criteria includes disinvestment, underdevelopment, or economic decline resulting in general poverty and unemployment. The creation of new jobs is intended to assist the state in welfare reform.

Included in

Law Commons