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The 2017 Tax Cuts and Jobs Act established Opportunity Zones to spur private investment in distressed communities throughout the U.S. This new Opportunity Zones program will allow investment in some of our nation’s most economically challenged communities through tax incentives. The tax incentives encourage private investment to accelerate economic growth and job creation. For an overview of the program, click here.

In order to access this new federal program, governors have the responsibility to identify the areas in their state that should be designated as Opportunity Zones, based on federal guidelines.

Click here to read a press release announcing the U.S. Department of Treasury’s approval for the 120 Economic Opportunity Zone (EOZ) designations throughout the State of Wisconsin.

Please go to the WHEDA website for full details

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