We’re sure the progressives will assure us they are only proposing going after billionaires and other fat cats who are able to pay.
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The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.
Read MorePresident Donald Trump also knocked down the idea of indexing to the capital gains tax, which applies when investors sell assets, to inflation.
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Neglected neighborhoods in Indianapolis that have been targeted for development will soon have another way to attract investors.
The program has awarded more than $3.1 million to Marion County businesses since 2004—which has leveraged more than $10.6 million in property owners’ investment.
