State unveils new opportunity zone incentives

Investors who put money in economic development projects in select low-income communities are set to have another incentive to do so.

The New Mexico Department of Economic Development unveiled Tuesday an opportunity zone incentive, which will guarantee an additional $1 million in Local Economic Development Act funding to projects that are located in one of 63 opportunity zones across New Mexico and fit into a number of criteria from the economic development department.

Created by the “Investing…

Source: The Business Journal