Petersburg Pilot -

By Dan Rudy 

Economic designation a potential opportunity for Wrangell

 

April 26, 2018

Graphic courtesy of DCCED

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 - 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....



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