The Enterprise Zone: Assessment and Evaluation of Program Performance

Date
2014-09-26
Authors
Manzano, Elysa
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University of Hawaii at Manoa
Abstract
The success of the enterprise zone theory relies upon the participation of numerous local, small businesses that provide employment opportunities for residents in the area. The enterprise zone seeks to create an environment conducive to the encouragement of small, private businesses. It is where state and federal governments join forces to facilitate investment and employment in order to generate economic revitalization in distressed areas and to reinstate private-sector activity. Thus, all stakeholders involved benefit through the implementation of this radical new program. We will begin by examining the birth of the enterprise zone idea in England when Sir Geoffrey Howe spoke at a conference to expand on Peter Hall's initial Freeport Plan. Next we will see how the enterprise zone idea spread to the United States. We will examine the ways in which it was first introduced and also discuss performance reviews of the program. Then, we will move to the focus of the review, mainly enterprise zones in Hawaii and the analysis of cumulative successes and weaknesses to examine possible solutions as further implications for the future of Hawaii's enterprise zone program. The future of the program depends on early success and expansion of the initial number of zones and businesses. Following these discussions, we will conclude this essay with a review of the analysis. Thus, we will attempt to assess the benefits associated with the implementation of the enterprise zone program and determine whether Hawaii's program is being most efficiently and effectively utilized.
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