Industrial Park

AAA

DEFINITION of 'Industrial Park'

A portion of a city that is zoned for industrial use (as opposed to residential or commercial use). Industrial parks may contain oil refineries, ports, warehouses, distribution centers, chemical plants, plastics manufacturers, airports, food and beverage processors, and steel manufacturers, to name just a few examples. Some industrial parks offer tax incentives for businesses to locate there, such as tax increment financing.

INVESTOPEDIA EXPLAINS 'Industrial Park'

For example, the Wilmington Industrial Park in Los Angeles is located near a major international shipping facility (the Los Angeles and Long Beach ports), a railroad, and numerous freeways with access to major trucking routes. Types of businesses located there include a cold-storage facilities, food distribution warehouses, engine parts companies and many others.

RELATED TERMS
  1. Homeowner's Association - HOA

    An organization in a subdivision, planned community or condominium ...
  2. Industry

    A classification that refers to a group of companies that are ...
  3. Declining Industry

    An industry where growth is either negative or is not growing ...
  4. Emerging Industry

    A group of companies in a line of business formed around a new ...
  5. Mature Industry

    An industry which has passed both the emerging and the growth ...
  6. Industry Group

    A classification method for individual stocks or companies, usually ...
Related Articles
  1. Economics

    Save The Earth: Become A Capitalist

    Who says that capitalism and environmentalism have to be mutually exclusive?
  2. Options & Futures

    A Guide To Investing In Consumer Staples

    These companies may not be flashy but they offer investors structure and diversification.
  3. Home & Auto

    Uncover The Next Real Estate Hot Spot

    Real estate land speculation is a way to get in on a hot investment before a boom hits.
  4. Economics

    Unions: Do They Help Or Hurt Workers?

    Learn the pros and cons of these organizations and how they fit into today's economy.
  5. Escrow is a financial agreement involving two parties, usually a buyer and a seller.
    Home & Auto

    What does "In Escrow" Mean?

    Escrow is a financial agreement involving two parties, usually a buyer and a seller. The buyer deposits money, securities or other funds into the escrow account, where they are held until both ...
  6. An arm’s length transaction describes business deals in which the buyer and seller act independently.
    Investing

    Arm's Length Transaction

    An arm’s length transaction describes business deals in which the buyer and seller act independently and with no interest in the other’s benefit.
  7. Home & Auto

    How do real estate agents get paid?

    Know that real estate agents are not always treated fairly by brokers and must take a broker to court if they are not paid in a timely manner.
  8. Home & Auto

    Why do real estate agents fail?

    Becoming a successful real estate agent requires a mindset that is built for success and strong, consistent action that buttresses that mindset every day
  9. Home & Auto

    Do real estate agents get paid hourly or by salary?

    Learn about real estate commissions and how real estate agents, including listing agents, buyer's agents and real estate brokers, get paid, .
  10. Personal Finance

    Which real estate agency is the best to work for?

    Understand the different factors to consider when choosing which real estate company to work for and the ways agencies vary from place-to-place.

You May Also Like

Hot Definitions
  1. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  2. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  3. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  4. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  5. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
Trading Center