The Effectiveness of Industrial Zones Support in the Czech Republic

Economies and state budgets of many countries in the European Union have been calling for a change over the last decade. Expenditures of state and regional budgets should be reduced to improve their final bilance. Individual sectors of the economy should review each expenditure item to make sure that funds will be spent effectively as does the Ministry of Industry and Trade in the Czech Republic. The aim of this paper is to assess the effectiveness of industrial zones support as a tool of the regional development policy under current economic conditions in the Czech Republic. This support as an important part of investment incentives was provided by the Ministry of Industry and Trade of the Czech Republic over the period of 2006–2009. The main source for the analysis is the data set obtained in empirical research carried out by the authors of this paper, accomplished economic analysis of economic performance of observed firms and also available statistical data. The observed sample of respondents consisted of firms located in the supported industrial zones.