CLINTON, Tenn. (WATE) — Leaders are talking about future plans for state land, as the Tennessee Department of Economic and Community Development discussed new ‘Opportunity Zones’ in East Tennessee. The spotlight for development is on rural areas.
Opportunity zones are a community development tool created by the federal government in the Tax Cuts and Jobs Act of 2017. The goal is to attract investment into communities that need economic support. Local leaders are focusing on identifying areas across East Tennessee with room to grow and improve.
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“It’s like any other tool; if you can use it to build something great, let’s figure out how to use it to get something done. It’s another tool in the toolbox,” explained Lamont Price, the innovation director with the Tennessee Department of Economic and Community Development.
It’s a way to make sure underserved communities aren’t left behind as the economy grows…