enterprise zone

noun

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 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 The owner of the data center must spend at least $50 million to qualify if the center is in a federal opportunity zone or an enterprise zone and $200 million if it is located outside those zones. Christopher Keating, courant.com, 24 Feb. 2021 Fairview city administrator Nolan Young said Amazon’s property is in an enterprise zone, which would provide property tax exemptions to the company. Mike Rogoway, oregonlive, 15 Dec. 2020 The value of those enterprise zone tax breaks depends on what companies spend to develop a property. Mike Rogoway, oregonlive, 15 Dec. 2020 Under the company’s enterprise zone agreement with the state, Haribo is eligible for $22.5 million in tax credits, based on $293.6 million in capital investments by the company and the creation of 385 jobs. chicagotribune.com, 27 Oct. 2020 Brown did not respond to requests for comment, but his aides have defended the administration’s handling of the enterprise zone program. Desperation Town, ProPublica, 5 June 2020 House Bill 13 would extend the state’s enterprise zone payroll subsidy program for new hires, which is set to expire next year, and allow restaurants, bars and retail trade businesses with 50 or fewer employees to participate. David Jacobs, Washington Examiner, 29 June 2020 Some advocates, however, are calling on lawmakers to go further by tightening the rules around the enterprise zone agreements themselves. Desperation Town, ProPublica, 5 June 2020

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.

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First Known Use of enterprise zone

1978, in the meaning defined above

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Time Traveler for enterprise zone

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The first known use of enterprise zone was in 1978

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Statistics for enterprise zone

Last Updated

5 May 2021

Cite this Entry

“Enterprise zone.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/enterprise%20zone. Accessed 25 Jun. 2021.

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