Opportunity Zones On The Mississippi Gulf Coast
Mississippi Gulf Coast Opportunity Zones
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Excerpts extracted from MDA MississippiWorks News Article
Opportunity Zone designations encourage long-term investments in low-income and rural communities through Qualified Opportunity Funds. Private investors can earn tax relief through investments made in a designated Opportunity Zone. Tax benefits increase the longer investments are in place. This new community development program was established through the Tax Cuts and Jobs Act of 2017.
“Opportunity Zones in Mississippi will attract significant private sector investment, help grow our state’s economy and create new jobs,” said Governor Phil Bryant. “This program is another business advantage existing industries and new companies will find in our state.”
“Global companies know the advantages of the state’s productive workforce coupled with our superior business climate,” said Mississippi Development Authority Executive Director Glenn McCullough, Jr. “By adding Qualified Opportunity Zones, investing in Mississippi becomes an even more logical business decision for companies looking to locate or expand in our state.”
Interested in Commercial Property on the Mississippi gulf Coast?
Contact Steve Freeman
Opportunity Zone designations remain in effect for 10 years.
Treasury and the IRS plan to issue additional information regarding Qualified Opportunity Funds.
Opportunity Zone Commercial Properties For Sale
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Contact Steve Freeman, Realtor At Coldwell Banker Commercial Alfonso Realty
For a map of designated Opportunity Zones in Mississippi, please click here. For additional information on Opportunity Zones, please go to https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx.
Interested in Commercial Property on the Mississippi gulf Coast?
Contact Steve Freeman, Realtor At Coldwell Banker Commercial Alfonso Realty