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Tucked Into the Tax Bill, a Plan to Help Distressed America

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Estherville named an Opportunity Zones finalist

/   Amy H. Peterson, estherville daily news

Gov. Kim Reynolds and Lt. Gov. Adam Gregg, along with the Iowa Economic Development Authority (IEDA), announced the 62 Iowa census tract nominations for Opportunity Zones designation on Friday. … Amy H. Peterson, estherville daily news Read the full article here.

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New tax law gives incentives for investing in Augusta’s low-income zones

/   Damon Cline, The Augusta Chronicle

Investors looking for a reason to invest in metro Augusta’s urban core just found themselves another “opportunity.” … Damon Cline, The Augusta Chronicle Read the full article here.

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New program may spur additional business in Las Vegas

/   Bailey Schulz, Las Vegas Review-Journal

Located on the corner of Maryland Parkway and Dumont Boulevard, Champagne’s Cafe sits on the edge of one of 61 newly nominated opportunity zones in Nevada. … Bailey Schulz, Las Vegas Review-Journal Read the full article here.

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IRS Releases Opportunity Fund Certification Update

Yesterday, the IRS provided new clarity on the process for obtaining Opportunity Fund certification: To become a Qualified Opportunity Fund, an eligible taxpayer self certifies.  (Thus, no approval or action by the IRS is required.)  To self-certify, a taxpayer merely completes a form (which will be released in the summer of 2018) and attaches that…

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Ansonia’s Main Street among Malloy’s choices for tax incentive development

/   Michael P. Mayko, The Middletown Press

The city’s Main Street has been nominated as a site where incentives could be available to developers. … By Michael P. Mayko, The Middletown Press Read the full article here.

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Malloy nominates 72 low-income zones for federal program

/   Staff, WTNH 8 Connecticut

Gov. Dannel P. Malloy’s administration is nominating 72 low-income zones in 27 Connecticut municipalities for a federal community development program. … By Staff, WTNH 8 Connecticut Read the full article here.

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