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

According to the enterprise zone agreement, Joseph was to create 50 jobs during the first two years, 100 new full-time jobs during years three and four, and another 87 jobs during year five.

From ProPublica