Economic Development Updates
To Register for the On-The-Job-Training Program, Click Here
To Register for the Funding Readiness 2024 Event, Click Here
Southeast Volusia Manufacturing & Technology Coalition
including the Cities of Edgewater, Oak Hill and New Smyrna Beach launches new video to help recruit workforce. To view: Click Here
New Business Resources Portal Launches!
Looking for assistance for your business? Do you need help with market research, mentoring & counseling, financial coaching, start & grow guides, workforce assistance or a networking calendar? We have the assistance that you need. Visit https://www.volusiabusinessresources.com/# today!
Opportunity Zone Programs
- In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act of 2017, which created a new tool for community economic development, the Opportunity Zones program.
- This new tool provides tax incentives, including a temporary deferral on capital gains taxes, when investors reinvest those gains in qualified Opportunity Funds. The funds must in turn invest in low-income communities from designated census tracts, called Opportunity Zones.
- The act allowed the Governor of each state to nominate up to 25 percent of eligible low-income census tracts as Opportunity Zones.
- The U.S. Department of Treasury will be developing rules regarding the necessary qualifications of Opportunity Funds and eligible investments. More guidance about the funds and investments can be found at: Home Treasury - Press Release
- Here are more updates on the Florida Enterprise website: http://www.opportunityflorida.com/
- Map Showing Opportunity Zone boundaries (DEO) Click Here
