IncSmart District of Columbia (Small Business and Startups) -
District of Columbia boosts Opportunity Zones in distressed areas of the United States. President Trump signed an order directing 13 Federal Agencies to target low income and distressed areas in America. The program was created in 2017. State governors have included over 8700 areas that can benefit from the Opportunity Zone distinction. The program will be headed by HUD Secretary Ben Carson.
This executive order allows for tax benefits to developers and investors who build in poor neighborhoods. The law will require area with poverty areas at 20% or more. This bill also rules out sin businesses such as liquor stores in these under served communities. There is a list of 150 actions from Ben Carson as to what they are looking for. This will also create an increase of government spending inside the zones.
By IncSmart Staff Writer
Starting a Business in Washington DC
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form DC Corporations and DC Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention. We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place. Think Smart. Think IncSmart.
Think Smart. Think IncSmart.