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JUL 11, 2013 - Yahoo! News

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California bids goodbye to failed program to boost depressed areas

By Marty Graham SAN DIEGO (Reuters) - California Governor Jerry Brown signed legislation on Thursday that phases out the state's nearly three-decade experiment with a program meant to encourage hiring in depressed areas, replacing it with new incentives that Brown promoted as an answer to aggressive efforts by Texas to lure away businesses. The enterprise zone program, established in 1984, offered tax incentives to businesses in a bid to revitalize depressed areas. ...

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