York County Economic Alliance Publishes Opportunity Zone Prospectus
The York County Economic Alliance (YCEA) has published an investment prospectus to promote opportunity zones identified in York County.
Opportunity Zones became a buzz word with the passage of the 2017 Tax Cuts and Jobs Action, potentially activating economic development country-wide. They are census tracts that have been selected by a state’s Governor and must qualify as distressed because of high rates of poverty and low median household income. York County is home to five zones, outlined in the prospectus.
“The creation of Opportunity Zones is potentially a powerful tool, comparable in some ways to New Market Tax Credits, which have spurred investment in urban communities for nearly 20 years. It’s still too early to predict how much capital will actually flow to York, but we need to be prepared when it does,” said Kevin Schreiber, president & CEO of the YCEA. “The prospectus is a marketing piece that summarizes the reasons York is a great place to invest, showcases the development incentives and resources available to businesses, and even highlights some of the investable projects with our five zones. It will be shared with hundreds of qualified investors in the coming weeks to drive economic development dollars into our community.”
The prospectus, and additional information, can be located here on OpportunityYork.org, a website launched by the YCEA earlier this year.
About the YCEA
YCEA drives York County’s economic growth by leveraging the collaboration, resources and expertise needed to create sustainable prosperity.
Vice President, Marketing & Communications