enterprise zone

We need to bring back enterprise zones where developers get tax credits for building housing in areas of the city that need it the most.

Last year, he floated the idea of using federal land to build “freedom cities,” a kind of unregulated enterprise zone for housing, business and flying cars.

The City Council removed Amazon’s site from Woodburn’s local enterprise zone, making it ineligible for tax breaks that could have been worth tens of millions of dollars.

Kennedy wants to “change business depreciation rules and reform the ‘enterprise zones’ that have contributed so much to gentrification.”

And last summer, the City Council designated all of downtown and other close-in areas as enterprise zones, allowing certain businesses to t a state program for property tax breaks on capital investment.