THE DAY (October 31, 2019) — Local economic development officials spoke positively of the inaugural conference on opportunity zones the state held Wednesday, a topic that also came up at the New England Real Estate Journal’s inaugural Connecticut Summit held Thursday at Mohegan Sun.
Development projects on tracts included in the federal Opportunity Zone Program are eligible for federal tax incentives for investors. Connecticut has 72 opportunity zones, including three in New London, three in Norwich and one in Groton.
In between summit sessions Thursday, New London Planning Director Felix Reyes told The Day the insight that stuck with him the most came from Erik Johnson, his counterpart in Hartford: The opportunity zone is not about a grand slam or a $500 million development, but starting with one developer and one project.
