Abstract
This study examines the effectiveness of the enterprise zone concept as a tool for economic development, particularly as it relates to increased minority business ownership and minority employment. Two research tests regarding the extent of minority firm participation and minority employment in the enterprise zones, as well as the incentives which were most likely to attract minority firms to the enterprise zones, are presented.
The results suggested that enterprise zones contributed to business development and the creation of several new jobs. However, minority firms were not found to be participating in the program at meaningful levels. It is recommended that the enabling legislation be amended to address these issues.
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