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enterprise zone
noun
- 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
- 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
Last year, he floated the idea of using federal land to build 鈥渇reedom cities,鈥 a kind of unregulated enterprise zone for housing, business and flying cars.
The City Council removed Amazon鈥檚 site from Woodburn鈥檚 local enterprise zone, making it ineligible for tax breaks that could have been worth tens of millions of dollars.
Kennedy wants to 鈥渃hange business depreciation rules and reform the 鈥榚nterprise zones鈥 that have contributed so much to gentrification.鈥
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.
The former Buffalo Bills quarterback developed a program for enterprise zones to help encourage business development in the poorest parts of cities.
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