PRESS RELEASE North Carolina General Assembly Senator Chuck Edwards

 

FOR IMMEDIATE RELEASE

Contact: Sarah Glad

February 18, 2020

 

Senator Edwards Calls on Congressman Meadows To Allow Modifications to Opportunity Zones

 

RALEIGH, N.C. – Senator Chuck Edwards (R-Henderson) issued the below statement calling on Congressman Mark Meadows to modify Transylvania County’s Opportunity Zone:

 

The Opportunity Zone tax incentive, enacted into law by Congress as part of the Tax Cuts and Jobs Act of 2017, offers tremendous opportunities for transformational impact, including new jobs and higher wages in low-income areas throughout the country.

 

With some slight modification, it could be a game-changing force to help revitalize the economy of Tranysvalyina County and other rural parts of our state.

 

North Carolina has just over 1,000 of these tracts, and only 252 tracts can be federally designated Opportunity Zones; Transylvania county has one.

 

My excitement for Transylvania County’s participation in the program was soon met with frustration after discovering a glaring problem. Sixty-five percent of the land area composition of the opportunity zone resides inside of the Pisgah National Forest, and development on national forest property is prohibited.

 

To address this significant barrier, I am calling on Congressman Mark Meadows to evaluate Transylvania County’s designated opportunity zone requirements and establish the process to modify opportunity zones to produce attractive, productive investments, that could likely include the abandoned Ecusta Mill site. The current law does not make any provision for modification.

 

Senator Edwards said, “I have sent a letter and spoken with Congressman Meadows, and I am encouraged with his determined optimism that Congress could soon allow us to make these needed modifications.”

NCGOP DCCA training on February 15th at 9 a.m.

Buncombe County Republican Headquarters. 18G Regent Park Blvd. Asheville “Message Development” by Ed Priola and Chelby Dixon Topics- Message Development, Public Speaking, Social Media and Targeting If you are a candidate, candidate staffer or Republican activists, you need to attend this Message Development class. Even the most experienced speaker can learn something and received great … Read moreNCGOP DCCA training on February 15th at 9 a.m.

Mike Fryar

For the ones that have not heard we lost a long time and respected republican, Commissioner Mike Fryar who passed away Sunday.   Our prays and thoughts go out to the family.   Jerry Green, Chairman Buncombe County Republican Party