The Virginia Department of Housing and Community Development will host a webinar at 1 p.m., Sept. 11 for those interested in the new Opportunity Zones program.
Two census tracts in Staunton were accepted into the federal program earlier this year, and the City of Staunton is encouraging interested investors and entrepreneurs to register now for the webinar to learn more about how Opportunity Zones work.
The program is designed to incentivize investors to develop areas in need of revitalization by deferring federal taxes and reducing tax payments. Opportunity Zones in Staunton are located on the west end of the City, stretching from the Central Business District westward along the Churchville Avenue, West Beverley Street, and Middlebrook Avenue corridors.
During the webinar, the DHCD is planning to provide an overview of the program, next steps, and strategies and best practices for communities that have Opportunity Zones.
Those interested in the webinar can register at the following link: https://dmz1.dhcd.virginia.
Investors interested in learning more about Staunton’s Opportunity Zones should contact Billy Vaughn, Director of Economic Development, at 540.332.3869 or email [email protected].
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