KETR

opportunity zones

KETR

Commerce Mayor Wyman Williams says the city council is considering the creation of "neighborhood empowerment zones" on the east side of the city that would encourage the renovation of homes and new home construction.  This is in addition to the "opportunity zone" created by the 2017 federal tax law that provides tax incentives for business development in Commerce and many other rural communities.

Federal Reserve Bank of Dallas

Dr.

KETR

Commerce Mayor Wyman Williams says the City Council is considering promoting economic development through "opportunity zones" allowed under the federal tax law.  Individuals with capital gains would be able to reinvest in the community in return for tax considerations.  The council discussed some possible opportunity-zone projects in executive session Tuesday.  The mayor says the council approved a conditional-use permit req