Creating a land of opportunity on the West Plains
Last updated 9/12/2019 at 8:41am
Last year, Airway Heights was designated an “Opportunity Zone” for investors and developers. Now, the city is hoping to take advantage of the designation and is encouraging those investors to commit to a 10-year investment in the area and maximize their tax savings.
Opportunity zone designations were created by the Tax Cuts and Jobs Act of 2017 as an innovative approach to encouraging long-term private sector investments within select low-income communities across the country, according to Airway Heights staff.
Investors with capital that would otherwise trigger capital gains tax are p...