Development Opportunity Zone proposed for Beloit
45th Assembly District Representative Amy Loudenbeck of Clinton is drafting her first piece of legislation.
The Republican is working to establish Beloit as a new Development Opportunity Zone. Loudenbeck says the recently expired Development Opportunity Zone from 2001 was highly effective and leveraged more than $161 million in private investment and supported the creation of 786 new jobs.
The zone is a State of Wisconsin program for economically distressed areas, which provides tax credits to businesses for job creation and capital investment.