Meeting Thursday In LDF For Opportunity Zones In Vilas Co.
LDF Business Development Corp. and Vilas County Economic Development Corp. are co-hosting a slate of economic development experts on Thursday at Lake of the Torches Convention Center. Experts will share with regional leaders, developers, business owners and entrepreneurs, and investment advisors the tax and development incentives within Opportunity Zones .
The federal 2017 Tax Cuts and Jobs Act established Opportunity Zones. The program is designed to drive long-term capital to rural and low-income urban communities throughout the nation.
Lac du Flambeau is an Opportunity Zone, with others designated across the region. Lac du Flambeau Business Development Corporation CEO Darold Londo says they have a unique opportunity..
"...Lac du Flambeau applied for, and was approved, for an Opportunity Zone and was designated by the Governor and the State of Wisconsin mid-summer last year. We're still waiting for (U.S.) Treasury to finalize regulations on the opportunity itself, however, it's not to early to begin to build awareness..."
Jim Tuckwell of Vilas County Economic Development says investors are welcome to attend..
"...A new opportunity for investors who have capital gains to invest those with some real good tax incentives in areas that are designated as new focus investment opportunities. In Vilas County Lac du Flambeau is designated as an Opportunity Zone, as is Eagle River and parts of St. Germain..."
Seats are limited for the Opportunity Zone Summit at Lake of the Torches Convention Center Feb. 21 . The event is free. Reservations are required. To reserve a seat, email Cindy