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enterprise zone
noun
: an economically depressed area in which business growth is encouraged by the government through tax relief and financial concessions
Example Sentences
Recent Examples on the Web According to estimates from 2012, the enterprise zone tax credits for Harbor Point were expected to cost city and state taxpayers $88 million in forgone tax revenue. 
Emily Opilo, Baltimore Sun, 20 July 2022 City officials redrew Baltimore’s enterprise zone map this year, and the state approved the changes earlier this month. Emily Opilo, Baltimore Sun, 20 July 2022 The enterprise zone tax credit is a 10-year program that phases out over time. Emily Opilo, Baltimore Sun, 20 July 2022 The enterprise zone also was expanded in Cecil County. Lorraine Mirabella, Baltimore Sun, 7 July 2022 The state’s enterprise zone program places no limits on how much local governments can give away and provides small communities with no assistance in their negotiations with the companies seeking tax breaks. oregonlive, 5 May 2022 Each of those earlier deals were reached under Oregon’s enterprise zone program, which exempts data centers from all the property taxes other businesses pay in exchange for comparatively small, offsetting payments. oregonlive, 22 Oct. 2021 The tax exemptions could be extended to 30 years if a $400 million investment is made, or a $200 million investment in an enterprise zone. Erica E. Phillips, courant.com, 14 Sep. 2021 Hitachi’s new facility is in a Hillsboro enterprise zone, though, which could exempt it from local property taxes. oregonlive, 10 June 2021 See More
Emily Opilo, Baltimore Sun, 20 July 2022 City officials redrew Baltimore’s enterprise zone map this year, and the state approved the changes earlier this month. Emily Opilo, Baltimore Sun, 20 July 2022 The enterprise zone tax credit is a 10-year program that phases out over time. Emily Opilo, Baltimore Sun, 20 July 2022 The enterprise zone also was expanded in Cecil County. Lorraine Mirabella, Baltimore Sun, 7 July 2022 The state’s enterprise zone program places no limits on how much local governments can give away and provides small communities with no assistance in their negotiations with the companies seeking tax breaks. oregonlive, 5 May 2022 Each of those earlier deals were reached under Oregon’s enterprise zone program, which exempts data centers from all the property taxes other businesses pay in exchange for comparatively small, offsetting payments. oregonlive, 22 Oct. 2021 The tax exemptions could be extended to 30 years if a $400 million investment is made, or a $200 million investment in an enterprise zone. Erica E. Phillips, courant.com, 14 Sep. 2021 Hitachi’s new facility is in a Hillsboro enterprise zone, though, which could exempt it from local property taxes. oregonlive, 10 June 2021 See More Word History
First Known Use
1978, in the meaning defined above
Time Traveler
The first known use of enterprise zone was in 1978 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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