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Essay / Research Paper Abstract
A 16 page discussion of urban empowerment zones. The author reviews the literature relating to these zones and notes their successes and failures. Bibliography lists 15 sources.
Page Count:
16 pages (~225 words per page)
File: AM2_PPurbEmp.rtf
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in the 1970s (Wilder, 1996). They provide fiscal incentives and regulatory relief for the purpose of reviving communities economic status through the promotion of new employment and investment (Wilder,
1996). Another incentive of these zones is the reduction of government red tape that accompanies them and a minimization of risks and costs associated with private sector investment will
result in greater development in these areas (Wilder, 1996). This, in turn, is expected to result in the generation of new employment and public revenue (Wilder, 1996). Unfortunately,
urban empowerment zones have been the subject of considerable controversy in recent years. Many contentions have been made regarding their failure to meet up to their original goals.
The George W. Bush Administration, in fact, has recently presented a proposal to reassign federal administration of these zones, administration currently being handled by the Department of Housing and Urban
Development, to the Department of Commerce in the hope that they can be turned around (Weisman, 2005). The Bush administration proposal
has even more severe implications for some empowerment zones. Reductions in funding for Cumberland County, New Jersey, for example provide no funding at all for urban Empowerment Zones (King,
2005). This region has, in fact, become accustomed to cuts in Empowerment Zone funding and even to having to turn to Congress and to grant monies to make up
for that shrinking funding (King, 2005). Although the cuts and proposed cuts have been extremely controversial they have occurred in the face of several specific facts about Empowerment Zones
that were not recognized when these zones were first proposed in the 1970s. One of the most frequently touted benefits of enterprise zones,
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