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Board authorizes application for Opportunity Zone designation
Summary
Coordinator Pam Rud was authorized to apply for Opportunity Zone designation, a federal program intended to spur long-term private investment in low-income communities. The motion carried unanimously.
Coordinator Pam Rud asked the Board for authority to apply to be designated as an Opportunity Zone. Rud explained that Opportunity Zones are a community development program to encourage long-term private investment in low-income and urban communities nationwide. The Board unanimously authorized Rud to apply after a motion by Commissioner Klages and a second by Commissioner Thyne.
The minutes record Board authorization to submit an application but do not specify targeted census tracts or follow-up timelines; staff will proceed with the application process and return to the Board as appropriate for further action.
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