The Wisconsin Economic Development Corporation is accepting applications for eligible low-income census tracts to be designated as an Opportunity Zone, a federal designation aimed at spurring long-term investment in low-income urban and rural communities.
Municipalities, counties, Tribal governments, and other public entities should identify economically disadvantaged census tracts for designation and submit an application.
Applications close July 31.
The program encourages investors to invest private capital into communities that have experienced underinvestment and limited access to financing. Investors may receive federal tax advantages tied to the duration of the investment.
For more information, visit wedc.org/wisconsin-opportunity-zones or contact Christopher Brooks, WEDC Director of Policy and Program Development, chris.brooks@wedc.org.
