How can Opportunity Zones benefit Main Street? In spring of 2017 the OZ legislation was established as part of the Tax Cuts and Jobs Act. It’s an economic and community development tax incentive that provides an avenue for investors to support distressed communities in designated areas. Taxpayers can get capital gains tax deferral for making … More Food Co-op Opportunity Zone Fund in Fredericksburg
Last fall a 9,000-square-foot commercial building was demolished in the heart of a Main Street district in Virginia to create more parking. The loss of the building permanently erased a piece of the architectural history and character of the historic downtown. It also opened up a 35-foot-long hole in the urban fabric of the historic … More Historic Preservation on Main Street
On June 7, Governor Bob McDonnell announced the designation of two new Virginia Main Street communities. With the addition of Ashland and Fredericksburg to the network, the total number of designated Virginia Main Street communities now stands at 26. “I am pleased to welcome these communities to the Virginia Main Street program,” said Governor McDonnell. “By supporting … More Governor McDonnell announces designation of two new Virginia Main Street communities
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