GGEDC Applauds Creation of Opportunity Zones in McKinley County
Thursday, May 24, 2018
Gallup, NM - On Monday, Governor Susana Martinez announced that New Mexico had been officially added to the list of states with Qualified Opportunity Zones. McKinley County received three Opportunity Zone designations. The program was created by the Tax Cuts and Jobs Act of 2017 and is designed to spur investment in economically distressed census tracts with tax incentives for investors.
Census tracts within McKinley County receiving Opportunity Zone designations were: (1) 9452, which primarily includes all of Gallup west of US Hwy 491 / 602 and includes the Gallup Municipal Airport, proposed Allison Interchange, and the Rico Property - a...