enterprise zone

[Angelast]

a city district where development receives special tax advantages

[BertababySog]

An enterprise zone is a specific geographic area that has been designated by the government as a target for economic revitalization. In an attempt to stimulate economic growth and job creation, various incentives such as tax concessions, infrastructure incentives, and reduced regulations are often offered within these zones to attract businesses and investment. These zones are typically located in distressed or economically disadvantaged areas.