Amid skeptics, CT bets ‘Opportunity Zones’ spur economic development

Amid skeptics, CT bets ‘Opportunity Zones’ spur economic development

(Hartford Business Journal, 5/14/18)

Connecticut rarely misses a chance to avail itself of state and federal initiatives aimed at benefiting the most economically distressed communities and neighborhoods among its 169 cities and towns.

In 1982, it was the first to embrace state-generated “Enterprise Zones,” or EZs, that offered local, five-year property-tax breaks and other benefits to investors/developers to spur housing and jobs, among other private investment. According to the state Department of Economic and Community Development, there are 10 types of EZs in 43 participating communities, up from six initially.

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