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 Enterprise Zones were superseded by Tier 1 ASSISTED AREAS in 2000.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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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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regional policy

References in periodicals archive ?

Investors who take advantage of Oklahoma's federal opportunity zones within priority enterprise zones can potentially layer other state and local incentives including:

State launches initiative to promote federal opportunity zones

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.

Concerns district is to lose millions in revenue over enterprise zones

Tees Valley Enterprise Zones are made up of 12 individual sites with a total area of more than 425 hectares.

Enterprise Zones are announced at town's digital heart INVEST IN TEESSIDE

<BEdwina Hart says firms in Port Talbot's enterprise zone will benefit from targeted business rates

Help for town with new enterprise zone

The Government called for fresh bids for enterprise zones earlier this year.

Northern Powerhouse: North East enterprise zone split across ten sites could create 17,000 jobs; Northern Powerhouse Minister James Wharton warned bid to offer tax incentives must be 'robust and competitive' to secure Government backing

Oakridge and Westfir officials wrote requests to renew the enterprise zones with Lane County Community & Economic Development staff.

Oakridge officials hoping state will re-establish enterprise zone

PRIORITY PROJECT: The Wirral Waters Enterprise Zone has been earmarked for a PS5.5m cash boost from the Government

MILLIONS FOR WIRRAL WATERS; Scheme in line for government cash boost

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."

OSBORNE: BUSINESS ZONE'S JUST THE JOB

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."

MOVING FORWARD AFTER ZONE BLOW; Leaders determined to press ahead with plan despite bid rejection

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.

Region's pounds 900m enterprise zone blow; Plan rejected by Treasury could have created more than 32,000 jobs

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.

MIRA techno park gains Enterprise Zone status

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