enterprise zone

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  • noun

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a city district where development receives special tax advantages

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There are 97 enterprise zones throughout the state.
The act gives the Oklahoma Department of Commerce the authority to designate priority enterprise zones when degree of need and likelihood of success is considered.
The whole project will see 10 enterprise zones established across the region.
Enterprise Zones were created by the Government in 2012, offering incentives for companies to relocate and expand, while the North East LEP has supported infrastructure work for the sites, including roads and utilities.
The enterprise zones in North Wales are on Deeside, Anglesey and in Snowdonia.
Enterprise Zones are part of the government's Industrial Strategy, to kickstart business growth.
THE Treasury has confirmed that it will support a proposed Enterprise Zone in Port Talbot, devastated by the announcement of 750 redundancies at Tata Steel in January.
"Our aim is to help create the conditions for new economic growth in the region, locations where businesses can take advantage of the benefits enterprise zones offer to create new jobs and prosperity."
"This zone in Oakridge has been terminated," said Ryan Frank, a spokesman for the state agency known as Business Oregon, which manages the enterprise zones.
At MIPIM, speakers include Andy Street, chair of the Greater Birmingham and Solihull LEP; Tom Westley, Black Country LEP lead for the enterprise zone; and Rob Groves, senior project director at property developer Argent will highlight the impact of the West Midlands' enterprise zones on the UK economy, as well as plans to accelerate their growth.
Mr Davies said: "There are two key enterprise zones in my region, in Cardiff and St Athan.
Wirral is one of 13 Enterprise Zones - areas with special tax breaks for new businesses - awarded funding to help transform "shovel- ready sites into job-ready sites", with funds also going to Ellesmere Port and the Sci-Tech Daresbury Enterprise Zone, in Cheshire.
Undoubtedly the enterprise zones will help support greater economic activity right across Wales by encouraging investment and giving business a strong incentive to expand activity creating jobs in parts of the country that need them most.
The Enterprise Zones are designed to help kick-start the economy by providing tax breaks, allowing firms to by-pass lengthy planning application procedures and providing access to highspeed internet links.
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