Enterprise-zone meaning

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