Skip to Content
Remaining Ad Time Ad - 00:00

What Pocatello business leaders are learning about Opportunity Zones

Screen Shot 2020-02-26 at 3.44.12 PM

POCATELLO, Idaho (KIFI/KIDK) - Bannock County business leaders are seizing an opportunity to help the community while also saving themselves money.

Investors and city officials gathered in Pocatello for the Southeast Idaho Opportunity Zone Forum Wednesday.

Representatives from the U.S. Department of Housing and Urban Development, along with officials from the U.S. Small Business Administration, explained the benefits of investing in Opportunity Zones.

These zones are areas within a community that the government deems “in distress” or low income.

By investing money into a fund that helps develop these low-income areas, participants learned that investing in a qualified opportunity fund can have tax advantages.

“If there’s a way we can grow this community in a reasonable and responsible fashion, we should look at it,” general manager for Cole Chevrolet, Art Beery said.

Article Topic Follows: Pocatello
channel 3
channel 8
East
east Idaho
east Idaho news
eastern
eyewitness news 3
Idaho
kidk
kifi
local
local news
local news 8
new
news
news 8
tv
Wyoming

Jump to comments ↓

Author Profile Photo

News Team

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content