WATERLOO — The city hosted a conference Wednesday to teach community leaders how the city’s new “opportunity zones” could help draw new development to Waterloo.
“This is just the first meeting to try to get the ball rolling and have conversation,” Mayor Quentin Hart told bankers, real estate brokers, developers, philanthropic agency leaders and others gathered at the Waterloo Center for the Arts for the day-long event.
The federal 2017 tax overhaul allowed census tracts with high poverty levels to be designated as opportunity zones. Developers can get federal tax breaks when reinvesting unrealized capital gains in projects within those zones...
Hart has been working with Accelerator for America, a nonprofit organization that provides technical assistance to cities on ways to combat economic insecurity. It has been helping other cities take advantage of opportunity zones.