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Development Opportunity Zone proposed for Beloit

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Stan Stricker
January 14, 2011

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.



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