Enterprise Fund


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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 ?
Rick Perry pushes his employment initiatives on the presidential campaign trail, he often touts the jobs created by the Texas Enterprise Fund.
In making the announcement, Victor Ugolyn, Chairman, President and CEO, The Enterprise Group of Funds, said, "With the addition of Enterprise Multi-Cap Growth Fund and Enterprise Balanced Fund, plus the launching earlier this month of Enterprise Internet Fund, we are presenting individual and institutional investors, as well as existing Enterprise shareholders, a diversified 17 fund group offering virtually every investor the opportunity to invest according to their individual financial situation using the convenience of staying within the Enterprise fund family.
Stormwater management is currently a city general fund obligation and all activities will be transferred to an enterprise fund to be managed by the public works department, the operator of the sewage system.
announced today that it was reclosing the Oppenheimer Enterprise Fund effective at the close of business today, July 1.
7 /PRNewswire/ -- The Hungarian-American Enterprise Fund (HAEF), at the close of its seventh year of operations, announced a number of successful investments, including the establishment of a new private fund -- Hungarian Equity Partners (HEP) -- which will substantially increase the amount of capital now available for Hungarian private businesses.
announced today that it was reopening Oppenheimer Enterprise Fund to new investors effective June 9, 1997.
In making the announcement, Victor Ugolyn, President and CEO of The Enterprise Group, described the firm's portfolio management approach as selecting the nation's best available institutional money manager in each mutual fund category, and making them available to the Enterprise Fund Shareholders.
The county has eliminated recurring operating deficits in its solid waste enterprise fund by establishing a franchise system for local haulers and increasing the tipping fee to $46 per ton from $30 per ton.
and BUDAPEST, March 29 /PRNewswire/ -- The Hungarian-American Enterprise Fund announced today its $1 million investment of original equity financing in Bank 24.
24 /PRNewswire/ -- The Hungarian- American Enterprise Fund announced today a $3.
11 /PRNewswire/ -- The board of the Baltic-American Enterprise Fund today announced the appointment of Brewster P.
In 2002, he became portfolio manager of Janus Enterprise Fund and in 2006 he assumed the Co-Chief Investment Officer responsibilities with Gibson Smith.

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