High-tech company not lured by zone bait

Article Abstract:

Technology-based companies such as Seragen in Boston do not find the financial incentives promised by the Clinton administration to set up empowerment zones and entitlement communities as attractive. These incentives are insufficient to neutralize the perceived drawbacks of setting up business in the troubled areas. Crime, insecurity and administrative delays can affect an otherwise successful business establishment. Besides, they depend on research, highly technical and limited labor force and a clean environment. Their products are value added requiring less space and manufacturing costs.

Planning, Economic aspects, Pharmaceutical industry, Seragen Inc., SRGN

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Private sector wary of zone investment

Article Abstract:

The program to revive ailing urban areas through empowerment zones and enterprise communities may not attract investors from the private sector unless strong infrastructure and enough incentives are provided. Investors perceive these areas as trouble spots infected with crime, insecurity and over crowding. Conflict between different government departments are also pointed out as a major deterrent. Entrepreneurship among the local citizens of the area may be helpful in making the program a viable proposition.

Social aspects, Economic conversion

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Empowerment holds key to rural revitalization

Article Abstract:

Communities in the troubled rural areas received a new hope with the revitalizing programs adopted by the Omnibus Budget and Reconciliation Act of 1993. The package of remedies and incentives provided for by the Act aims at achieving a long range social and economical development of the selected rural zones. Each empowerment zone and enterprise community projects under the scheme receives $40 mil and $3 mil respectively for promoting business and entrepreneurship.

Rural development

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