enterprise zone

American  

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.

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enterprise zone British  

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

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Example Sentences

We need to bring back enterprise zones where developers get tax credits for building housing in areas of the city that need it the most.

From Los Angeles Times

Last year, he floated the idea of using federal land to build “freedom cities,” a kind of unregulated enterprise zone for housing, business and flying cars.

From Los Angeles Times

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

Their spending on new facilities and equipment will determine the amount they save through the enterprise zone program.

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