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enterprise zone Definition

enterprise zone

noun

a depressed urban area in which employers receive tax reductions or other incentives for establishing businesses and employing the disadvantaged

enterprise zone Finance Definition
An area identified by a city, county, or state government that makes a business moving into the zone eligible for special tax considerations, financing, special access to bids on government contracts, or other benefits from the government. Governments create enterprise zones because they want to revitalize depressed areas.
enterprise zone Usage Examples

Preposition: in

  • 1980s: We experimented with industrial parks and enterprise zones in the 1980s.