Dozens of Iowa Opportunity Zones sparking investment, development

Tuesday, August 06, 2019

Investors across Iowa are taking advantage of new federal tax incentives designed to spur economic development in distressed communities.

They’re called Opportunity Zones and 62 of these areas have been designated across the state. One of them is in Denison where Mayor Jared Beymer announced last week 45 housing units will be built to address the community’s housing shortage.

“It’s brought in local investors, and it’ll probably bring in some money from outside of the community,” he said. “It could turn out to be quite a very useful tool.”

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Ottumwa Economic Development Corporation 217 East Main Street Ottumwa, Iowa  52501
Phone 641-682-3465 Fax 641-682-3466 info@ottumwaiowa.com