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

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