Sacramento Business Journal Examines PPIC Claims
The Sacramento Business Journal published an article in today’s edition examining the claims of the negative PPIC study contrasted with view of program proponents. Only an excerpt is available online:
An enterprising expansion is in the works as three local agencies team up to add 40,000 acres of industrial property to a new, joint enterprise zone.
Two of the region’s four enterprise zones expire this year, and Sacramento County and the cities of Sacramento and Rancho Cordova are applying together for an expanded zone across three jurisdictions.
Just as officials work to combine the zones, a new report says the subsidized business districts don’t do enough to generate jobs, their “primary purpose.”
But, an expanded zone would add “a substantial number of employers who could make use of the (tax) credits,” said Jim Pardun, a manager in the county’s economic development department.
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