Business: Free Enterprise Oases

Nowhere is the need for industrialization more evident than in the nation's inner cities. Most of them, despite countless Government programs, have deteriorated from once thriving business and residential centers into devastated no man's lands. Now comes a novel approach to the problem: enterprise zones, or districts in the heart of blighted areas, where small firms would be given tax breaks and perhaps exempted from entangling Government regulations.

The idea is enshrined in the Urban Jobs and Enterprise Zone Act, proposed in June by two New York State Congressmen, Republican Jack Kemp of Buffalo and Democrat Robert Garcia of The Bronx. Under...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!