Darnell Sutton Gives an Inspiring Speech to Encourage Ending the Digital Divide and Serving Underserved Communities During the Driving America’s Growth Conference. Darnell Sutton Speaks at Driving America's Growth Conference Darnell Sutton gave a Rousing speech to promote Closing the Digital Divide, Serving Underserved Communities and the expansion of Broadband Networks within Opportunity Zones. …
An Opportunity Zone is an economically-distressed community where new investments may be eligible for preferential tax treatment.
The Governors of each state nominated up to 25 percent of census tracts that either have poverty rates of at least 20 percent or median family incomes of no more than 80 percent of statewide or metropolitan area family income plus 5% of each states nominated tracts were exempt from low income qualification.
The IRS then qualified 8,700+ of the nationally nominated census tracks as opportunity zones equal to approximately 1 percent of the US land area.
Opportunity Zones are designed to spur economic development by providing tax benefits to investors and to encourage long-term investments in low-income urban and rural communities nationwide.