enterprise zone

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a city district where development receives special tax advantages

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Prime Minister David Cameron said: "Approving this new Enterprise Zone in the North East is testament to the huge potential this region has to offer.
The Enterprise Zone Business Rates Scheme, extended for a fourth round, allows small and medium sized businesses to apply for funding to help offset Business Rates incurred during 2015/16.
Since Oakridge's 1987 establishment of an enterprise zone - an incentive program established by the state providing three to five years of property tax waivers for new or expanding businesses - just one company has taken advantage and set up shop in town.
There is now activity on all enterprise zones, whether it is continued growth on established sites or former derelict sites being brought back to life thanks to the government s vision and funding.
Birmingham's city centre enterprise zone has seen 1,200 jobs created since it was established in April 2012, while the Black Country has attracted more than 2,000 posts.
Plaid Cymru supports the development of enterprise zones and wants them to be a success in creating jobs across Wales.
The Enterprise Zone Business Rates Scheme was launched in 2012 and will run until March 2016 for companies based in enterprise zones.
He added: "Economic growth is this Government's biggest priority and enterprise zones are the engine room of that strategy.
Existing enterprise zones scheduled to terminate on or after January 1, 2019 will instead terminate 30 years from the date of their designation.
A pounds 500,000 boost to Deeside transport links will power the region towards success as an Enterprise Zone.
Coventry and Warwickshire's Local Enterprise Partnership (LEP), where Dr Reeves is an acting executive, is expected to learn this month from the government if its bid for one of 11 remaining enterprise zones nationwide has been successful.
The Chancellor said: "Helping all parts of our country succeed is the purpose behind the new enterprise zones we launch today.
Meanwhile, major concerns about the cost of creating jobs through Enterprise Zones have been raised as the Government was urged to revise past schemes if it plans to announce a new programme in next month's Budget.
Earlier this year, budget- strapped California extended the nearly $400 million-a-year program through 2021 -- and the governor even expanded it by adding eight enterprise zones designed to create jobs and boost the economy.
Enterprise zones, one of the most popular programs designed to improve the economies of distressed communities, came to America from the United Kingdom in 1981.
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