Norwich seeks path to cash in on its Opportunity Zones

NORWICH — Three Norwich neighborhoods qualify for a new federal economic development program and Tuesday morning, dozens of city and state officials, business leaders and community partners met at City Hall for a presentation on how the city can capitalize on the opportunity.

Federal lawmakers in 2017 created the federal Opportunity Zones program for investors to re-invest unrealized capital gains into qualified Opportunity Funds — private investment vehicles dedicated to community, business, real estate and economic development activities in low-income communities.

CLICK HERE to read the full article.