The Cain campaign, in addition to Mr. Lowrie, lists a handful of advisers who helped craft his plan for “Opportunity Zones.” The zones are designed to help distressed communities by offering lower tax rates to attract businesses and allowing more flexibility on rules such as the minimum-wage law.
via Candidates Mold Economic Teams – WSJ.com.
I have seen this tried before. The low tax rates or incentives attract industries that are labor intensive but not capital intensive. When the subsidies are later removed, many of the businesses move on. If you want them to stay, you have to create incentives for capital investment that cannot be easily re-located.
….Otherwise provide training and incentives for people to move to where the work is.