© 2024 WSIU Public Broadcasting
WSIU Public Broadcasting
Member-Supported Public Media from Southern Illinois University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Carbondale Designated A Federal Qualified Opportunity Zone

City of Carbondale All Ways Open Logo
City of Carbondale
/
explorecarbondale.com

The U.S. Treasury now officially certifies three areas of Carbondale as federal Qualified Opportunity Zones.

Carbondale Economic Development director Steven Mitchell says this is a new program established in the 2017 Tax Cut and Jobs Act.
"It's an opportunity not only for investors to have some tax savings on their capital gains, but also it's an opportunity for some low-income areas, rural areas to pull some investment from the outside. We really love our local investors, our local business people, the local folks who are investing in the local economy. But, real economic progress happens when you pull money from outside the area."

Mitchell says the process of attracting investors is in the works.

Tract 1 in Carbondale covers the south side of town, including SIU and the Southern Illinois Research Park.
Tract 2 is in southeastern Carbondale, bounded by Wall Street to Giant City Road, and Grand Avenue south to Pleasant Hill Road.
Tract 3 involves the eastern business district, bounded by the Canadian National railroad tracks to the county line, and East Main south to Grand Avenue. This tract also includes Business Park East.
 

 

As a news producer and news anchor on All Things Considered, Brad provides the listeners with a recap of the day's top local and state news as well as breaking news at any given time. Contact WSIU Radio at 618-453-6101 or email wsiunews@wsiu.org
As a WSIU donor, you don’t simply watch or listen to public media programs, you are a partner. By making a gift, you help WSIU produce, purchase, and broadcast programs you care about and enjoy – every day of the year.