enterprise zone

n. An impoverished area in which businesses are exempt from certain taxes and are given other economic advantages as an inducement to locate there and employ residents.

enterprise zone

n (Economics) 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

Thesaurus

Noun

enterprise zone - a city district where development receives special tax advantagescity district - a district of a town or city

Translations

enterprise zone

enterprise zone,

designated geographical district in which resident businesses are legally entitled to receive special benefits from a government, established in economically depressed areas to encourage companies to locate there. Most states enacted enterprise zone programs during the 1980s, and changes in the federal tax code in 1993 instituted tax incentives for businesses in certain locations, sometimes referred to as empowerment zones. Typical incentives offered to attract businesses to enterprise zones include tax credits, subsidized loans, and reduced regulations. Although usually associated with urban areas, enterprise zones have also been set up in rural areas. Most enterprise zones have only been marginally successful in reviving the areas in which they are located, in part because businesses located in such zones often employ workers who live outside the area. A similar program is the opportunity zone program under the Trump administration, which offers tax breaks for investments in state-designated urban, suburban, and rural census tracts that have high levels of poverty or border areas with high levels of poverty. The opportunity zone program has been criticized for including some areas that are not economically distressed.

enterprise zone

Enterprise Zone

An area that has special incentives available for those who start companies or other organizations. For example, an enterprise zone may offer tax cuts to small businesses that open inside its jurisdiction. Enterprise zones are a popular way to rejuvenate dilapidated areas or otherwise to promote economic development.

enterprise zone

a small area scheduled by the British authorities for special financial assistance and to encourage industrial expansion. Enterprise Zones were superseded by Tier 1 ASSISTED AREAS in 2000. See REGIONAL POLICY.

enterprise zone

An area with the availability of tax incentives, grant money, or low-cost loans offered by local government in order to assist in revitalization.

enterprise zone

enterprise zone

enterprise zone

enterprise zone

enterprise zone,

enterprise zone

Enterprise Zone

enterprise zone

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Words related to enterprise zone

noun a city district where development receives special tax advantages

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