48°F
weather icon Clear

Certification for Nevada’s Opportunity Zone designations

Nevada Gov. Brian Sandoval is praising the news from the U.S. Treasury that Nevada’s Opportunity Zone designations have been certified.

“I am incredibly pleased that Nevada’s Opportunity Zone designations have been certified by the U.S. Department of the Treasury and the Internal Revenue Service,” Sandoval said June 14.

“As I’ve stated previously, during my administration we have made significant investments throughout our state, but more work remains to be done,” he said.

“Today’s announcement not only encourages private investment in areas of Nevada that are most in need, it will also kick-start construction of affordable housing projects – a priority of my administration – across the state,” Sandoval said.

The Opportunity Zone program, established in the Tax Cuts and Jobs Act of 2017, is a tax incentive, designed to encourage long-term private investment in low-income communities.

Opportunity zones, are low-income community census tracts that could benefit from significant private investment.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Cortez Masto takes aim at egg prices, price gouging

Nevada’s average price for a carton of eggs has surged to $6.07 at the end of 2022, while the national average is $4.25, according to Catherine Cortez Masto’s letter.

ICYMI: See the animals at the Nature Health Farms ‘fun’draiser

Nature Health Farms was the venue for plenty of amusement this past Saturday, with a bevy of activities and entertainment taking place during the farm’s 3rd Annual “Fun”draiser.

ROAD CONDITIONS: Mountain pass from Pahrump to Vegas icy, but open

Patches of ice were still causing issues for some travelers on Highway 160 early Tuesday morning between Pahrump and Las Vegas, but conditions are expected to improve as temperatues warm into the mid-40s by Wednesday.

Student internships available at Nevada National Security Site

Nevada National Security Site is operating a 40-hour student program which offers paid internships from May through August each year. Here’s what you need to know.

What to know about this year’s Lincoln Day Dinner

This February, members of the Grand Ol’ Party will come together for an evening of conservative-likemindedness during the 2023 Lincoln Day Dinner in Pahrump.