This article was undertaken to examine the impact of investment and development performance of industrial zones on the livelihoods of the resident people, with 230 selected households interviewed to collect data including 123 households whose land was withdrawn for the construction of the industrial zones, and other 107 households without land loss but living around those areas and affected by the development of the industrial zones. The research results show that there are similarities between the positive and negative factors on the livelihoods of both groups. A number of factors that impact positively on both groups are non-agricultural investment, the number of increased jobs, policy approaches, etc. Meanwhile, the unemployed workers have negative impacts on the livelihoods of both groups. However, the level of those impacts on each group is different. From the research result, the authors recommend some solutions in order to enhance the positive factors and simultaneously limit the negative impacts of investment and development activities on the livelihoods of people living around the industrial zones.