Enterprise Zone

Business, Legal & Accounting Glossary

Definition: Enterprise Zone



Full Definition of Enterprise Zone


Enterprise zone is a specially designated area within which businesses are granted numerous advantages. Enterprise zone is commonly associated with such business incentives as income tax credits, equipment tax refunds, and property tax credits. At its core, the enterprise zone is a means of targeting a specific geographic area for economic revitalization. Creating an enterprise zone encourages investment and promotes economic growth. Thus, an enterprise zone can be generally found in distressed and derelict areas, such as urban, inner-city districts with significant employment declines. In the United States enterprise zone programs operate at both state and federal levels. Almost every state has some form of an enterprise zone plan, each with its own agendas and incentives to offer. Enterprise zone designations are based on criteria that include population, poverty rates, and economic distress.


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Enterprise Zone. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/enterprise-zone/ (accessed: July 11, 2020).
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Enterprise Zone. PayrollHeaven.com. Retrieved July 11, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/enterprise-zone/

Definition Sources


Definitions for Enterprise Zone are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020 | 0 Views.