Mayor Greg Goodnight will take part in one of a series of bipartisan roundtables on Opportunity Zones on July 24 at Fort Benjamin Harrison. The featured speaker at the event is the Honorable Scott Turner, the executive director of the White House Opportunity and Revitalization Council.
Mayor Goodnight will be part of a roundtable that includes Lt. Governor Suzanne Crouch and a select group of elected officials from throughout the state that represent communities that have an Opportunity Zone.
“This is a unique opportunity to have a discussion with a White House official in a bipartisan setting,” said Mayor Goodnight. “It will provide insight on how we can leverage our Opportunity Zone in Kokomo.”
A federal census track that includes downtown Kokomo was designated an Opportunity Zone by Gov. Eric Holcomb in 2018. The federal program was created in the 2017 Tax Cuts and Jobs Act and the program provides federal capital gains tax incentives to attract private sector investment to low-income urban and rural communities. The designation will remain in place for 10 years, encouraging long-term investment.