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

Recent Examples on the Web 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 House Bill 2009 extended the enterprise zone program without enacting either of those restrictions. Staff, oregonlive, 26 June 2023 The Maryland Department of Commerce announced the approval of a new regional institution strategic enterprise zone, or RISE Zone, adjacent to Towson University. Katia Parks, Baltimore Sun, 27 July 2023 Lawmakers also considered reforms that would have excluded data centers from eligibility for urban and suburban enterprise zone tax breaks and would have decreased tax breaks in rural areas. Staff, oregonlive, 26 June 2023 The happy side effect of this throwaway ethos is that Japan has become a sandbox for architectural experimentation, a sort of deregulated enterprise zone that has incubated a culture in which some of the world’s most innovative and pioneering architects have thrived. Lucy Alexander, Robb Report, 8 May 2021 McLean and Gibson counties, as well as the cities Bloomington, Normal and Gibson, earlier this year approved a geographic expansion of its enterprise zone, a tax incentive program administered by the state Department of Commerce and Economic Opportunity, to include the Ferrero plant. Alexia Elejalde-Ruiz, chicagotribune.com, 19 Nov. 2020 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'enterprise zone.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1978, in the meaning defined above

Time Traveler
The first known use of enterprise zone was in 1978

Dictionary Entries Near enterprise zone

Cite this Entry

“Enterprise zone.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/enterprise%20zone. Accessed 3 Mar. 2024.

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