Governor designates "Low Tax Opportunity Zones" in NCFL
Governor Rick Scott has designated dozens of locations throughout North Central Florida as "Low Tax Opportunity Zones."
The zones are designed to stimulate business growth and create new jobs. With these zones, cities and counties have a greater ability to attract businesses, developers, and financial institutions, and encourage them to invest. They are specifically for rural areas.
Funding for subsidies comes from the Federal Government, so the Treasury Department has 30 days to sign off on these zones.