California Budget: Enterprise Zones Mostly Benefit Big Corporations, Study Finds

02/07/2011 06:34 pm ET | Updated May 25, 2011

As Gov. Jerry Brown tackles California's budget deficit, many programs that provide benefits to businesses are on the chopping block. Brown wants to eliminate both enterprise zones, which give businesses tax credits, and redevelopment agencies.

On Monday, a state assembly budget committee will hear testimony from supporters and detractors of enterprise zones, including the vice president of GREEN Vehicles Inc., a company located in Salinas, Calif., because of its enterprise zone.

But enterprise zones may be a good program to cut, according to an analysis released Monday by the California Budget Project. The analysis shows that big corporations benefit most from the enterprise zones, but that jobs don't necessarily follow.

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