Facilitating Economic Revitalization in Milwaukee
Following the designation of 36 opportunity zones in Wisconsin’s 4th Congressional District Congresswoman Gwen Moore (WI-04) released the following statement:
“I am hopeful the Opportunity Zones Program, a federal community development tax incentive program designed to facilitate long-term economic growth in rural and low-income urban communities, will bring much needed stimulus to our community. Although there are well over 200 census tracks in Wisconsin’s 4th district that have great need and meet the criteria for designation, the recent allocation of 36 opportunity zones is an encouraging start.
“These designations are meant to harness tax incentives to increase private investment in economically distressed communities, encouraging the flow of assets into local projects across the country. It is imperative that the subsidy’s benefits land directly in my constituent’s pockets, inspiring fresh activity, rather than accruing with developers who are already investing in gentrifying areas. While there is much more work to be done to revitalize Milwaukee’s poorest neighborhoods, opportunity zones have the potential to inspire innovative investments, opening the door for good paying jobs and economic revitalization that benefit all of my constituents.”
Mentioned in This Press Release
Recent Press Releases by U.S. Rep. Gwen Moore
Congresswoman Moore Supports Bipartisan Bill Introduced to Improve Housing Conditions in Indian CountryDec 6th, 2019 by U.S. Rep. Gwen Moore
"I am pleased to join my colleagues in introducing this legislation that respects Tribal sovereignty and meets our trust obligation to Native Americans by providing funding for low-income housing."
"Trump engaged in an unprecedented abuse of power for personal political gain, at the expense of our national security and the integrity of our elections."