000132311 001__ 132311 000132311 005__ 20250206162338.0 000132311 0247_ $$2doi$$a10.22004/ag.econ.132311 000132311 037__ $$a1100-2016-89759 000132311 037__ $$a1100-2016-90239 000132311 041__ $$aeng 000132311 245__ $$aWhy Don't Enterprise Zones Work? Estimates of the Extent that EZ Benefits are Capitalized into Property Values 000132311 260__ $$c2006 000132311 269__ $$a2006 000132311 300__ $$a16 000132311 336__ $$aJournal Article 000132311 520__ $$aThe study examines the impact of local Enterprise Zones (EZs) on commercial and industrial property values. Currently, 43 states have established EZ programs to target development incentives to economically distressed areas. While there is a substantial body of literature analyzing the effectiveness of EZ programs, the research has yielded varied findings. The varied results of EZ programs could potentially arise as EZ property values are bid up by businesses seeking to expand or locate operations in the EZs. This would reduce amounts that these businesses would otherwise spend on capital assets or labor. A hedonic price model is estimated to determine the effect of EZ status and nearby EZ activity on property values. The empirical results imply that EZ status may, in some instances, have a positive impact on EZ property values. However, the empirical results also suggest that these potential price effects may diminish as EZs are designated in other nearby locations. 000132311 650__ $$aCommunity/Rural/Urban Development 000132311 650__ $$aLand Economics/Use 000132311 700__ $$aLanders, Jim 000132311 773__ $$tJournal of Regional Analysis and Policy$$j36$$k01$$d2006 000132311 8564_ $$95a19d628-dd55-4e81-85f2-cf7ff7381fe9$$s227994$$uhttps://ageconsearch.umn.edu/record/132311/files/06-1-2.pdf 000132311 887__ $$ahttp://purl.umn.edu/132311 000132311 909CO $$ooai:ageconsearch.umn.edu:132311$$pGLOBAL_SET 000132311 912__ $$nSubmitted by Adrienne Keiser (keise023@umn.edu) on 2012-08-28T16:42:13Z No. of bitstreams: 1 06-1-2.pdf: 227994 bytes, checksum: 9a698a9fefe034034837a166616d1159 (MD5) 000132311 912__ $$nMade available in DSpace on 2012-08-28T16:42:15Z (GMT). No. of bitstreams: 1 06-1-2.pdf: 227994 bytes, checksum: 9a698a9fefe034034837a166616d1159 (MD5) Previous issue date: 2006 000132311 913__ $$aLicense granted by Adrienne Keiser (keise023@umn.edu) on 2012-08-28T16:40:04Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000132311 980__ $$a1100 000132311 982__ $$gJournal of Regional Analysis and Policy>Volume 36, Issue 1, 2006