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Opportunity Zones webinar, Wednesday, April 25

The Tax Cuts and Jobs Act of 2017 mainly got attention for various large and controversial tax breaks, but it quietly introduced a major new tax incentive program called Opportunity Zones. The program, which had bipartisan support, is meant to encourage economic development in struggling urban and rural areas.  Cities that received the Opportunity Zone designation can go to

https://www.policymap.com/2018/04/mapchats-webinar-guiding-principles-for-opportunity-zones/  to join a webinar from 3:00 to 4:00 p.m., Wednesday, April 25, to find out more about strategies to maximize this incentive.

On March 23, 2018, Mayor Brenda Bethune announced that two Myrtle Beach areas have been selected as "opportunity zones" under a new federal program. In a news conference at City Hall, Mayor Bethune thanked Governor Henry McMaster for recommending two Myrtle Beach census tracts under the new program. She also thanked Senator Tim Scott for his work to create the program and Representative Tom Rice for his support. The "opportunity zone" designations still need US Treasury Department approval. The city's zones include the Superblock and the South Mixed Use Area. The designation will be a huge incentive for private investors to put their money in Myrtle Beach.