enterprise zone

noun

1. an area or locality in which businesses are allowed certain tax advantages and are subject to fewer government regulations in order to stimulate its economy.

enterprise zone

noun

1. a designated zone in a depressed area, esp an inner urban area, where firms are given tax concessions and various planning restrictions are lifted, in order to attract new industry and business to the area: first introduced in Britain in 1981

Example Sentences

The City Council removed Amazon’s site from Woodburn’s local enterprise zone, making it ineligible for tax breaks that could have been worth tens of millions of dollars.

From Seattle Times

Kennedy wants to “change business depreciation rules and reform the ‘enterprise zones’ that have contributed so much to gentrification.”

From Los Angeles Times

And last summer, the City Council designated all of downtown and other close-in areas as enterprise zones, allowing certain businesses to t a state program for property tax breaks on capital investment.

From Seattle Times

The former Buffalo Bills quarterback developed a program for enterprise zones to help encourage business development in the poorest parts of cities.

From Washington Times

Another measure she signed in 2021 revived a defunct fund for “urban enterprise zones” aimed at driving economic development in cities through lower sales tax rates.

From Seattle Times