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Upton Applauds Michigan Opportunity Zone ApprovalRecent tax reform creates new business optionsU.S. Rep. Fred Upton, R-St. Joseph, today released the following statement after the U.S. Treasury and Internal Revenue Service (IRS) approved the State of Michigan’s application for Opportunity Zones. The recently signed into law Tax Cuts & Jobs Act, of which Upton was a conferee, established Opportunity Zones – areas eligible for tax benefits aimed at spurring private investment, economic growth, and jobs in distressed communities. Learn more about tax reform here and more about Opportunity Zones here. “These Opportunity Zones have great potential to allow entrepreneurs and businesses here in Southwest Michigan to take advantage of a wider array of economic development tools,” said Upton. “We’ve seen historic investment in our local businesses, tax cuts for the middle-class, and more money in worker paychecks as a result of tax reform. Now, we’re seeing a greater range of possibilities to build more businesses and create more local jobs for and by residents of Southwest Michigan and throughout our great state.” Opportunity Zones in Michigan’s Sixth Congressional district can be found here or below. Allegan County Fillmore township Holland City Berrien County Benton charter township Benton Harbor city Niles city Niles township Sodus township Watervliet city Watervliet township Cass County Dowagiac city Cassopolis village Jefferson township LaGrange township Kalamazoo County Kalamazoo city Portage city St. Joseph County Constantine township Fabius township Florence township Sherman township Sturgis city Sturgis township Three Rivers city Van Buren County Hartford township Lawrence township |