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  • Posts by Justin Hage
    Associate

    Justin is a member of the Economic Development Department in the Indianapolis office. He assists clients with a broad range of legal issues in the areas of real estate, corporate and government services. He focuses his practice on ...

The Opportunity Zones (OZ) Program was established in the Tax Cuts and Jobs Act of 2017 as a way to transform economically distressed rural and urban communities through renewed investment. Specific areas are designated (using the same standards as those for New Market Tax Credits) as certified census tracts by the U.S. Department of Treasury. States nominated up to 25 percent of their qualified census tracts based on range of factors including likelihood of attracting short- and long-term investment. There are 8,764 certified OZs around the United States, which includes all 50 states, the District of Columbia, and Puerto Rico. Indiana’s Governor Eric Holcomb nominated 156 zones, which were approved by the U.S. Department of the Treasury. Those 156 OZs include parts of 58 counties, 83 cities and town covering more than 1,000 square miles and are home to 500,000 Hoosiers.[1]

Two global companies have recently announced their plans to invest in talent in Indianapolis, providing training in tech skills to not only those in their workforce, but for the community at large. As a result, central Indiana will become more attractive as other companies seek to find in-demand talent for their workforce. Will your company be ready to dip into this talent pool?

Community leaders in Evansville, Indiana, understand that quality of place drives economic growth. Many in the community have worked behind the scenes to grow a vibrant and inclusive culture, but the public perception has not caught up to the reality of life in Evansville today.

Thank you for being a part of the authoritative policy discussions on issues impacting life and business in Indiana during the 26th Annual BGD Legislative Conference at the Indiana Convention Center on Dec. 13, 2017.

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