Steubenville Secures Federal Opportunity Zone 2.0 Designation
What happened
Steubenville was named to the federal Opportunity Zone 2.0 investment list. This designation is expected to spur investment and development in the city, particularly in downtown Steubenville and much of University Boulevard. Jason Hammond was credited with helping secure the designation for the city.
From wtov9.com
Why it matters
Opportunity Zones are designed to encourage business growth by offering financial incentives, including tax breaks and tax credits. The designation is expected to accelerate existing projects and support local developers by providing tax incentives and credit.
JCPA is detailing opportunity zone plans in Ohio, and the state allows nominations for tax credit review.
From wtov9.com
Who's involved
- Jason HammondHelped secure the Opportunity Zone designation for Steubenville
- SteubenvilleThe city that received the federal Opportunity Zone designation
- city councilThe legislative body that governs Steubenville
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SteubenvilleSpeculative
Steubenville could see increased investment capital and tax incentives for business development
- BairdSpeculative
Baird could see increased demand for financial advisory services due to higher development volume
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The entities involved
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Jason Hammond
Ph.D. University of Colorado at Boulder 2012
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Steubenville
city in and county seat of Jefferson County, Ohio, United States
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