Economic designation a potential opportunity for Wrangell
April 26, 2018
Wrangell was last week granted a special economic designation by the state along with 24 other Alaskan communities.
The Department of Commerce, Community & Economic Development named the community as one of its new "opportunity zones," part of a federal program designed to drive long-term capital investment to economically distressed communities.
According to the federal Treasury Department, Alaska has 60 low-income communities eligible for the designation. With the creation of the Opportunity Zone program in December, the state could nominate up to 25 of these for inclusion. To winnow...
For access to this article please
sign in or
subscribe.
Reader Comments(0)