Illustration by Lalo Alcaraz. (Click image twice for full size.) See Gary Cohn’s reports on California’s enterprise zone program and the tax credits received by two Sacramento strip clubs.
“If only they would run government like a business,” goes a familiar conservative lament, the gist of which equates “business” with the kind of furious efficiency that rewards honest, hard work in both industry and the animal kingdom. But now a new study shows what actually happens when elected officials hand over the keys to […]
Governor Jerry Brown signed into law Thursday the “Governor’s Economic Development Initiative,” which radically overhauls California’s troubled Enterprise Zone program. The signing took place in San Diego at the headquarters of Takeda California, a pharmaceutical company. State legislature backers of the new program, which consists of Assembly Bill 93 and Senate Bill 90, say it […]
The victory in the state Assembly was a narrow one, but a victory nonetheless for Governor Jerry Brown and opponents of California’s troubled enterprise zone program. The zones reward companies with $750 million in annual tax breaks for relocating their businesses to depressed parts of the state – and for replacing their workforces with newer, […]
(Editor’s Update: Luke Dowling’s June 25 piece below references Governor Jerry Brown’s proposal to restructure California’s controversial enterprise zone program. Last night the state Senate approved Brown’s initiative to transform the program. The next move rests with the Assembly, which is considering a Brown-backed measure that would create an alternative to the program.) The fight […]