Southview listed as possible ‘Opportunity Zone’
Tuesday, April 10, 2018
PIQUA — Ohio Gov. John R. Kasich lists Piqua’s Southview neighborhood in his recommendations of eligible census tracts for inclusion in the newly created “Opportunity Zones” to the U.S. Treasury. Only 25 percent of eligible tracts will receive designation as an Opportunity Zone.
The Tax Cuts and Jobs Act of 2017 established Opportunity Zones to spur private investment in distressed communities throughout the country. Opportunity Zones advance President Trump’s goal that the benefits of the Tax Cuts and Jobs Act reach across the entire country and boost economic development and job opportunities.
The Piqua census tract stretches south to the Washington/Concord township line and is bordered by the Great Miami River to the east and McKinley/Washington Road to the west. This area has seen significant public and private sector investments in projects such as the Riverway Trail System and Sherry Industrial Park. Future development can leverage plans by Miami County for improvements at County Road 25A and I-75 Exit 78.
“Over $26 million has been invested into this section of Piqua, but it is poised for more growth,” stated Justin Sommer, assistant city manager and economic development director for the City of Piqua. “With infrastructure improvements such as the new water tower on Fox Drive and plenty of available land, Piqua is well positioned for new development.”