Author photo

By Dan Rudy 

Economic designation a potential opportunity for Wrangell

 

April 26, 2018

DCCED graphic

Highlighted sections show "opportunity zones" designated by the Alaska Department of Commerce, Community & Economic Development last week. Twenty-five low-income districts around the state were selected for possible tax incentives given to capital investors, with five in Southeast.

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)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 03/28/2024 15:55