ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. Areas in purple were submitted to the federal program and received QOZ designation, while areas in green were eligible but not submitted. Rhode Island submitted the maximum number of designations allowed./ COURTESY R.I. COMMERCE CORP.
PROVIDENCE – All 25 areas that Gov. Gina M. Raimondo and the R.I. Commerce Corp. submitted for designation as “Qualified Opportunity Zones” were approved by the U.S. Department of the Treasury and the Internal Revenue Service, the Treasury Department announced last week. The designation, included in the Tax Cuts and Jobs Act, allows states to…
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