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 Enterprise Zones were superseded by Tier 1 ASSISTED AREAS in 2000.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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Investors who take advantage of Oklahoma's federal opportunity zones within priority enterprise zones can potentially layer other state and local incentives including:
Clifton is one of a number of enterprise zones in phase two of an overall PS45 million roll-out by the West Yorkshire Combined Authority.
Tees Valley Enterprise Zones are made up of 12 individual sites with a total area of more than 425 hectares.
This was in part thanks to 30 new companies choosing to expand on northern Enterprise Zones. Over 8,000 new jobs have been reported by Enterprise Zones in the Northern Powerhouse over the past 4 years equivalent to 8 per working day.
<BEdwina Hart says firms in Port Talbot's enterprise zone will benefit from targeted business rates
Oakridge and Westfir officials wrote requests to renew the enterprise zones with Lane County Community & Economic Development staff.
PRIORITY PROJECT: The Wirral Waters Enterprise Zone has been earmarked for a PS5.5m cash boost from the Government
Birmingham City Council leader Sir Albert Bore said: "The Enterprise Zone represents that next major step in the city's regeneration and welcome new businesses and jobs to a city region whose constant evolution has ensured it remains a key economic driver for the UK."
Coun Alan Cockburn, the council's porfolio holder for sustainable communities and LEP board member, said: "We are hugely disappointed with the government announcement as we felt we submitted a strong bid for an Enterprise Zone which would create 14,000 jobs at a time when the country and the sub-region desperately needed new jobs."
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.
Testing company MIRA has been awarded Enterprise Zone status for the technology park it wants to build on its site in north Warwickshire over the next 10 years.

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