Opportunity Zone Information Meeting March 4, 2019

<!--StartFragment-->The Cayuga Economic Development Agency, in partnership with the City of Auburn, hosted an informational workshop about the new federal Opportunity Zones program on Monday, March 4, from 10:00 a.m. to noon at Auburn City Hall. The program is an economic development tool designed to spur long-term, private capital investment in distressed areas by providing tax benefits to investors. In Cayuga County, the northwest quadrant of the City of Auburn is a Qualified Opportunity Zone.<br /><br />This new federal program provides tax incentives for those who invest their capital gains as equity for businesses or real estate projects within a designated zone. They receive an immediate tax break, and can eliminate tax on future capital gains, if they make a long-term investment.<br /><br /><br />For more information contact: <br />
<p>Tracy Verrier</p>
<p>Executive Director</p>
<p>Cayuga Economic Development Agency, Cayuga County Chamber of Commerce</p>
<p>CEDA phone: (315) 252-3500 email: <a href="mailto:tverrier@cayugaeda.org">tverrier@cayugaeda.org</a></p>
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