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Opportunity zones to be discussed at York town hall meeting
Michael Yoder//August 14, 2019
Residents of York and other interested individuals have the opportunity Wednesday night to find out more information on how federal opportunity zones may affect the city and region.
The Department of Community and Economic Development for the City of York is planning to host a town-hall meeting at 6 p.m. to discuss the five qualified opportunity zones within city limits. The meeting is scheduled to take place in Council Chambers on the first floor of City Hall at 101 S. George St.
Nace, York’s chief opportunity development officer, will lead the discussion during the meeting and will answer questions on the opportunity zones and how to invest in qualified opportunity funds.
Nace has held several positions with the York County Economic Alliance, the county’s economic development nonprofit, including a stint as the acting director of strategic development before leaving the position in February to pursue a seat as York County commissioner. He left the race in April after York Mayor Michael Helfrich named him chief opportunity development officer.
As chief opportunity development officer, Nace leads the city’s federal opportunity zone development in low-income neighborhoods, oversees workforce development and creates strategies for attracting investors and businesses to the city. He has a bachelor’s degree in structural design and construction engineering from Penn State.
The federal opportunity zone program was passed as part of the 2017 tax overhaul championed by the Trump administration and is intended to help economically distressed areas by offering tax incentives for investment and development.
The administration of Gov. Tom Wolf identified 300 areas statewide that are eligible for the incentives, including five zones in York. Nationwide, there are more than 8,700 qualified zones.
Local qualified zones can be viewed through an interactive map on Pennsylvania’s Department of Community & Economic Development website.
