Opportunity Zones for Selma and Wilcox, Hale, Greene and Montgomery counties approved by feds

The federal government has approved Opportunity Zones to attract investment in 141 places in Alabama, including several in the Black Belt News Network coverage area. Gov. Kay Ivey on Friday announced that Alabama’s Opportunity Zones 2.0 nominations have been approved by the U.S. Treasury Department and Internal Revenue Service. The Opportunity Zones Program encourages long-term private investment in economically distressed communities through tax incentives.