enterprise zone


Definition of enterprise zone

: 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 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 Aggarwal said the state made the land beneath his plant an enterprise zone, which eliminates sales tax on construction materials for the building. Steve Sadin, chicagotribune.com, 7 May 2021 According to the enterprise zone agreement, Joseph was to create 50 jobs during the first two years, 100 new full-time jobs during years three and four, and another 87 jobs during year five. Dan O’brien, ProPublica, 31 Mar. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'enterprise zone.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of enterprise zone

1978, in the meaning defined above

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The first known use of enterprise zone was in 1978

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Last Updated

28 Jul 2022

Cite this Entry

“Enterprise zone.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/enterprise%20zone. Accessed 8 Aug. 2022.

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