FRANKFORT, Ky. (Jan. 9, 2019) – Interest in investing in Kentucky’s Opportunity Zones continues to build. For that reason, the Kentucky Cabinet for Economic Development has scheduled a second Opportunity Zones workshop to be held next week in Bowling Green. The workshop will assist community and business leaders and others to take advantage of this new economic development tool.
Details have begun to roll in for businesses that could benefit from potential investments within Kentucky Opportunity Zones following last month’s initial workshop in Somerset. State officials encourage interested parties to continue to submit information for qualifying businesses at www.KYOZ.com.
Representatives from the Kentucky Cabinet for Economic Development and the Department for Local Government will once again be on hand to provide an update with the latest information regarding Opportunity Zones and to answer questions. Participants can submit questions in person or online.
The event is free and open to the public, though reservations are requested, as space is limited. Participation is highly recommended for elected officials, community and economic development leaders, existing businesses within Opportunity Zones and those looking to develop projects in Opportunity Zones.
What: Opportunity Zones Workshop
When: Friday, Jan. 18, 2019 from 10 a.m. to 11:30 a.m. CST
Bowling Green Area Chamber of Commerce
Community Rooms A&B
710 College Street
Bowling Green, KY 42101
Register to attend the event and watch live online at www.KYOZ.com
Along with the critical participation from local partners, the Cabinet oversees the Opportunity Zone initiative. The initiative aims to encourage and attract significant institutional, corporate and individual investment in Kentucky’s Opportunity Zones. The designation offers significant federal tax breaks and deferrals to entities and individuals investing in Opportunity Funds, which support development projects within one or more zones.
The Cabinet works with local partners to ensure the Commonwealth takes full advantage of the federal incentives and has established KYOZ.org, where interested parties can find all the information they need in one place. The site, which will be updated regularly with news, details, research tools and other useful amenities, demonstrates the advantages of Kentucky’s Opportunity Zones to potential investors.
For interactive maps, a full list of Kentucky Opportunity Zones, current corporate investment projects, data, opportunity funds info and more resources, visit www.KYOZ.com.