The Arkansas Economic Development Commission has opened nominations for the state's next round of Opportunity Zones, framing OZ 2.0 as a tool to spur private investment in economically distressed and rural communities through federal tax incentives. Under the 25% state cap, Arkansas can designate up to 78 zones, which Governor Sarah Huckabee Sanders will forward for federal approval; the state's first round produced 85 designated zones. Sanders said Opportunity Zones are transforming communities across the country and that she is eager to see investment reach the parts of Arkansas that need it most. Communities apply through the AEDC ahead of the state's nomination deadline.
Original reporting by Sarah Whitfield for Opportunity Zone Invest, an independent OZ 2.0 research site. Facts are drawn from the primary sources cited above per our editorial standards. Nothing here is tax, legal, or investment advice.
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