04.29.18

Opportunity Zones come with hope, and hurdles

Rosa Salter Rodriguez, The Journal Gazette

Excerpt

“A new federal initiative might bring sizable new private-sector investments to low-income areas of Fort Wayne and northeast Indiana. Or not.

Local economic development officials hailed this month’s designation by Indiana Gov. Eric Holcomb of 156 census tracts statewide as Opportunity Zones – a designation that means tax incentives will be available to those who invest in certain projects in those areas.

Ten of the tracts are in Fort Wayne, with six more in surrounding northeast Indiana counties – one each in Adams, DeKalb, Huntington, Steuben, Wabash and Wells. But the designations don’t make getting more investment a sure thing.”

Click here to read the complete article on The Journal Gazette.

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