enterprise zone


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Enterprise Zone

An area that has special incentives available for those who start companies or other organizations. For example, an enterprise zone may offer tax cuts to small businesses that open inside its jurisdiction. Enterprise zones are a popular way to rejuvenate dilapidated areas or otherwise to promote economic development.

enterprise zone

a small area scheduled by the British authorities for special financial assistance and to encourage industrial expansion. Enterprise Zones were superseded by Tier 1 ASSISTED AREAS in 2000. See REGIONAL POLICY.

enterprise zone

An area with the availability of tax incentives, grant money, or low-cost loans offered by local government in order to assist in revitalization.

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The councils could have seen more than 32,000 jobs created if they had been picked as the location for a North East enterprise zone offering tax incentives for new firms.
He said: "The Deeside Enterprise Zone is well connected with direct links to key motorways and two international airports.
HIGH HOPES: Sir Peter Rigby outlines his plans for the Enterprise Zone around Baginton Airport
THE West Midlands is to get two jobboosting Enterprise Zones - with tax and rates concessions key to attracting new industry to the region.
Lopez, whose District 3 includes the new Enterprise Zone boundaries, called the expansion "a very important step toward creating greater economic opportunity for our district's families and small businesses.
He added: "Economic growth is this Government's biggest priority and enterprise zones are the engine room of that strategy.
Enterprise zones that are designated after August 7, 2012 will remain in effect for 15 years and will be subject to review by the Enterprise Zone Board ("Board") after 13 years for an additional ten-year designation.
Helen Golightly, North East LEP |Chief Operating Officer, said: "We will now be working with the Government to refine the details of the new Enterprise Zone ahead of it being put into statute to go live in April 2017.
Nevertheless, many small businesses are already benefiting from Fibrespeed's Wireless services at Deeside Enterprise Zone.
In turn, Lane County commissioners on Tuesday voted unanimously to extend the enterprise zone through June 2019.
Enterprise zones have created more than 15,500 jobs across the country since opening for business.
He added: "The Black Country Enterprise Zone has gone from strength to strength since it was granted enterprise zone status, attracting new businesses and creating more than 2,000 jobs.

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