Description

Event: Grays Harbor Opportunity Zones

Description:

Join us on April 11th at Quinault Beach Resort and Casino to learn the answers to these questions and hear from a lineup of Opportunity Zone experts from around the region.

Speakers will include representatives from the Washington State Department of Commerce, National Development Council, Federal Reserve Bank of San Francisco, and special guests from Clallam and Thurston County Economic Development Councils. 

Please RSVP to Grant Jones @ 360-532-7888 or [email protected].

----------

Background on Opportunity Zones 

The federal Tax Cuts and Jobs Act of 2017 was signed into law on Dec. 22, 2017. The Opportunity Zone program was included in that act, which was designed to provide tax incentives to investors who fund businesses in underserved communities. 

Investors can defer paying taxes on capital gains that are invested in distressed communities designated as Opportunity Zones by the governor of each state. 

Grays Harbor has three “Opportunity Zone” census tracts, which include parts of Aberdeen, Hoquiam, and the coast from Ocean Shores to Moclips.