enterprise zone
noun
: an economically depressed area in which business growth is encouraged by the government through tax relief and financial concessions
Examples of enterprise zone in a Sentence
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The tax exemptions may be extended to 30 years if a $400 million investment is made, or a $200 million investment in an enterprise zone.
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Erica E. Phillips, Hartford Courant, 20 Jan. 2024
State officials have expanded Baltimore’s enterprise zone for the first time in a decade, bringing the total area eligible for benefits to 16,760 acres, including Pratt Street downtown, Port Covington, Locust Point, Highlandtown, Greektown and Bayview.
—Lorraine Mirabella, Baltimore Sun, 7 July 2022
Oregon’s enterprise zone program is used primarily by large tech companies, which collected more than $180 million in tax savings for their data centers last year.
—Mike Rogoway | Mrogoway@oregonian.com, oregonlive, 29 Aug. 2023
Businesses typically must increase local hiring by 10% to qualify for five years of enterprise zone property tax breaks.
—Mike Rogoway | Mrogoway@oregonian.com, oregonlive, 29 Aug. 2023
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Erica E. Phillips, Hartford Courant, 20 Jan. 2024
State officials have expanded Baltimore’s enterprise zone for the first time in a decade, bringing the total area eligible for benefits to 16,760 acres, including Pratt Street downtown, Port Covington, Locust Point, Highlandtown, Greektown and Bayview.
—Lorraine Mirabella, Baltimore Sun, 7 July 2022
Oregon’s enterprise zone program is used primarily by large tech companies, which collected more than $180 million in tax savings for their data centers last year.
—Mike Rogoway | Mrogoway@oregonian.com, oregonlive, 29 Aug. 2023
Businesses typically must increase local hiring by 10% to qualify for five years of enterprise zone property tax breaks.
—Mike Rogoway | Mrogoway@oregonian.com, oregonlive, 29 Aug. 2023
See All Example Sentences for enterprise zone
Cite this Entry
“Enterprise zone.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/enterprise%20zone. Accessed 27 Feb. 2025.
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