Bowling Green city officials meet to discuss Opportunity Zone and brownfields assessment
BOWLING GREEN, Ky.- Bowling Green officials met today to discuss the economic development of the city.
Officials talked about the new Opportunity Zones, and the continuing Brownsfields Assessment Program.
Opportunity Zones are areas that are undeveloped. That National Program offers tax breaks to investors who start projects in these zones.
Bowling Green now has the only opportunity in Warren County.
“Today was about just getting the word out, making people aware about what the opportunity zones is, how they could take advantage of it. So we had a good cross section of people from the community; people that were in banking, legal, accounting, developers, construction,” said Brett Childres, Director of neighborhood and community services for the city of Bowling Green.
The city has also received a $300,000 grant to access brownfields. The funding will go toward developing areas that have been contaminated in the past.