enterprise zone

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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.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for enterprise zone

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

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012