DENVER (AP) -- An official leading a review of tax credits designed to promote Colorado economies in distressed areas says the goal is to restore public confidence in the program.
Colorado Office of Economic Development & International Trade Executive Director Ken Lund says a group created by the Legislature this year will examine the program's effectiveness.
The group met Wednesday and will study the state's enterprise-zone program through the fall. They will give recommendations to lawmakers.
The program was created 1986. It's goal is to provide tax credits to businesses in areas with high unemployment rates, low per capita incomes, or slow population growth.
Critics question the program's effectiveness at boosting local economies. Program supporters say the intent is to create a business-friendly environment and that success can't be measured solely by job creation.
(Copyright ©2012 by The Associated Press. All Rights Reserved.)
TV Station Profiles & Public Inspection Files forKXRM