NBC Philadelphia did a report last night on the revitalization of North Broad Street, making a point of crediting President Trump's tax plan. They said people won't even recognize the area in one year. Projects like this will bring many people to Trump's side, as they see the amazing results for themselves.
"The North Broad corridor is home to 14 federally qualified Opportunity Zones, which are designed to encourage investment in distressed communities by providing tax incentives to investors. The zones are anticipated to help spur $100 billion in private capital investment around the country.
“I think that we’re in a key position with the Opportunity Zones,” Thomas stated.
“There are no job requirements or community partnership requirements. It’s just to say that if you invest in this you’ll get some capital gains deferred.”
She said they envision investors supporting an Opportunity Zone fund that would be used to provide loans and grants to small businesses who want to move to the corridor."
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