Enterprise Fund


Also found in: Financial.

Enterprise Fund

 

in the USSR, a fund set up at enterprises operating on the basis of profit-and-loss accounting in order to increase worker incentive. The enterprise fund was introduced in August 1955.

The enterprise fund was set up on the basis of norms ranging from 1 to 6 percent of planned and from 30 to 60 percent of over-plan profit, the norms depending on the level of profitability. The uses of the fund, with expenditures requiring the consent of the factory or plant trade union committee, were as follows: up to 40 percent was used to improve the service amenities for workers, to finance bonuses and stays at houses of rest and sanatoriums, and to provide grants to individuals in need; at least 20 percent went for the expansion of production, the introduction of new technology, and the modernization of equipment; and at least 40 percent was devoted to the construction and repair of housing and the construction of service facilities.

As enterprises shifted to the new system of planning and economic incentives, the enterprise fund was replaced by three special economic incentive funds, namely the material incentive fund, the social-cultural and housing fund, and the fund for the expansion of production.

B. E. PEN’KOV

References in periodicals archive ?
On the signing of a financing and support agreement of the Tunisian American Enterprise Fund (TAEF) in favor of NETINFO, a training school for the digital arts professions, US ambassador to Tunisia, Daniel Rubinstein, reiterated his country's commitment to finance Tunisian small and medium-sized enterprises and young entrepreneurs to help the country's economy create jobs, ilboursa reported.
The Agriculture Enterprise Fund has the capacity to serve a wide array of agribusinesses and farming operations in Tennessee, Department of Agriculture Commissioner Jai Templeton said.
In October, Director of Engineering Marcus Jones presented information about the county's solid waste enterprise fund, showing that its $5 million budget comes entirely from tipping fees--a $60-per-ton fee paid by haulers to deposit waste at the county transfer facility.
Peter Gilson, investment manager at Northstar Ventures, has been appointed to manage the PS9m North East Social Enterprise Fund on behalf of the Newcastle-based venture capitalist.
For empirical analysis, this research examines enterprise fund revenue to investigate introduction and reliance of fee-supported public services in municipalities and the terms fee-supported (based) services, user fee services, enterprise services and enterprise funds--are used interchangeably throughout this paper.
initiatives for Tunisia after the revolution, particularly the Tunisian-American Enterprise Fund, initiated by U.
For more information on the Texas Enterprise Fund, visit http://governor.
The United States can help the Pakistani private sector provide jobs, opportunity, and hope to Pakistanis using creative tools such as this Enterprise Fund," Senator Kerry said.
The US can help the Pakistani private sector provide jobs, opportunity and hope to the Pakistanis using creative tools such as this enterprise fund," Senator Kerry said.
The pounds 75 million Capital for Enterprise Fund was created to help viable small and medium-sized businesses with genuine growth potential that would otherwise be unable to secure investment.
GARDNER - The City Council is expected to confirm several changes tonight to how the municipal golf course is run, including making the golf professional a city employee rather than an independent contractor, and directing cart rental proceeds into the golf enterprise fund instead of the professional's pocket.
THE Government today unveiled a multi-billion package of measures aimed at unblocking lending to small firms, including loan guarantees and a new enterprise fund to help companies struggling to access finance.

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