- Aid is needed in Maui following flooding caused by a Kona Low system.
- Governor Green supports Maui's survival.
Hawaii Designates 25 Opportunity Zones 2.0 Tracts, Including Maui
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Governor Josh Green announced the state's designation of 25 census tracts under the federal Opportunity Zones 2.0 program. These tracts include two in Maui, four in Hawaiʻi Island, and nineteen in Oʻahu, including Lahaina Front Street. The state secured the designation for Maui through an appeal to the U.S. Department of the Treasury. No census tracts on Kauaʻi were eligible for the designation.
From hawaiinewsnow.com
Why it matters
The Opportunity Zones 2.0 program provides federal tax incentives to investors who commit long-term capital to designated low-income communities. This designation unlocks potential private investment and capital into specific areas across the state.
Governor Green supports Maui's survival, and aid is needed in Maui following flooding caused by a Kona Low system.
From hawaiinewsnow.com
Who's involved
- Josh GreenGovernor of Hawaii, who announced the designation of the tracts.
- MauiIsland that received two designated tracts under the program.
- HawaiiState where the federal tax incentive program is being implemented.
- HonoluluCity where the majority of the designated tracts are located.
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.
- Kauai CountySpeculative
Kauai County might face limited access to federal tax incentives and investment due to its ineligibility for the program.
- Maui CountySpeculative
Maui County could see a direct influx of federal tax incentives and private investment into designated tracts.
- HawaiiSpeculative
Hawaii may catalyze private investment across the state via regulatory action from the program.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Maui Economic Development Board may gain from federal investment zonesMaui Economic Development Board may benefit from influx of federal investment capitalLikely
- Maui County may benefit from federal tax incentives via new zonesMaui County could see private investment flow into designated tracts via Opportunity Zones 2.0Possible
- Kauai County may miss out on federal investment from Opportunity ZonesKauai County may face limited federal investment due to Opportunity Zones ineligibilityPossible
Keep exploring
The entities involved
-
Josh Green
American actor
-
Maui
second-largest of the Hawaiian Islands, in the United States