Low-income Areas In SWFL On The List To Become Low Tax Opportunity Zones
25 areas in SWFL might become opportunity zones but what does this mean?
Governor Rick Scott recommended 427 low-income communities in Florida to become “low tax opportunity zones”.
Basically, any business that opens in these areas will get a tax break.
The plan is that a tax break will attract businesses to invest in these communities and create more jobs and help develop economic growth.
We found a list and several census map of the areas Governor Scott recommended… It’s a lot and it didn’t make sense.
So we focused on Lee county since it’s the county with the most recommendations. 15 areas within Lee are on the list to become opportunity zones, but we wanted to know more about what these zones are so we talked to Pamela Johnson who’s the Interim Director for Lee County Economic Development.
We asked Pamela what are low tax opportunity zones going to do for our communities?
“So what it’s going to hopefully do is improve infrastructure, buildings, create the opportunity for maybe perhaps the new residential growth of new commercial growth new commercial growth in these particular neighborhoods”, Pamela Johnson
The treasury department now has 30 days to sign off on the governor’s list of recommendation for low tax opportunity zones.