Prior Postings
Rick Scott called a report that he steered lucrative new tax breaks for real estate development to wealthy campaign donors during his time as governor ridiculous Friday during a swing through Sarasota. ProPublica reported this week that Scott was lobbied by Wayne Huizenga Jr. and a firm controlled by Jeff Vinik to designate census tracts in West Palm Beach...
A 2017 change to the federal tax code aimed to spur private investment in some of the country’s most distressed areas through the creation of “opportunity
Let the investments begin: The Boulder City Council on Tuesday night, Oct. 29, voted 8-1 to lift its moratorium on development in its Opportunity Zone, a tract of land between 28th and 55th Streets, and Arapahoe Ave. and Diagonal Highway. Created out of the Republican-led federal tax-cut legislation in 2017, Opportunity Zones allow investors to …
“It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate.”
On Monday, ABC7 aired an investigate story about opportunity zones, which were created by the federal government to help low-income communities attract investment but are sometimes being used by the wealthiest areas in the nation.
Robinson is raising funds for Blueprint Local, an opportunity zone fund created out of the federal 2017 Tax Cuts and Jobs Act. The law carved out tax breaks for investors who pour money into distressed communities.
The former White House communications director also discussed his time working under Trump. “He’s BSC. He is bat shit crazy,” Scaramucci said “He has lost his mind. He is unhinged.”
Montrose and Grand Junction are at the forefront of new investment through the tax program created to bolster growth in rural and low-income areas.
Growth is continuing to happen in Opelika as a new development is underway with the goal of bringing more businesses to the area.