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...