Trump tax break fuels private sector investment in depressed VT towns - VT Digger

Private investors are lining up to revitalize depressed Vermont cities and towns, thanks to the Opportunity Zone section of the 2017 federal tax reform. Championed by Sen. Corey Booker, the Opportunity Zones give a capital gains tax break to investors. Projects are known to be proposed for Springfield, Barre, Burlington and Bennington, which are among the 16 opportunity zones in Vermont. 

 

"The tax break incentive has proven to be “an extremely attractive tool” for economic development, according to Bob Flint, the executive director of the Springfield Regional Development Corporation. "It's stimulating really interesting projects.""


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