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WATERVILLE — The Central Maine Growth Council will host a free workshop on the city’s Opportunity Zone on Thursday, Jan. 10.
Opportunity Zones are a tax incentive program that allows investors to delay or eliminate taxes on capital gains by investing the money in one of 32 Opportunity Zones in the state.
“With over $100 million recently invested in downtown projects, the Opportunity Zone program stands to leverage and capitalize on existing revitalization efforts,” said Garvan D. Donegan, director of planning and economic development for Central Maine Growth Council. ” Moreover, during the past few years downtown Waterville has witnessed over 20 acquisitions of commercial properties, continued population growth, and increases in retail sale figures.”
The workshop, for developers, investors and business service professionals, will be from 5 to 7 p.m. at Bricks Coworking and Innovation Space, 10 Water St.
It will include a program overview, a geospatial description of downtown Waterville, and insight from a government agency and Wipfli | Macpage CPAs.
The workshop will be held in conjunction with Central Maine Tech Night. Refreshments will be provided, and more information can be found at www.centralmaine.org.
