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

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 • Dec. 25, 2024

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

From Seattle Times • Jan. 23, 2024

They recommended “direct payments to riot survivors and descendants,” a scholarship fund for similarly affected students, the establishment of an economic-development enterprise zone in the Greenwood district and “a memorial to the riot victims.”

From New York Times • May 25, 2021

The size of the program has the potential to dwarf earlier attempts to encourage investment in poor neighborhoods, such as the enterprise zone programs begun in the 1980s.

From Washington Post • Jun. 5, 2019

Regulatory reform legislation, a responsible clean air act, and passage of enterprise zone legislation will also create new incentives for jobs and opportunity.

From State of the Union Address by Reagan, Ronald