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Pennsylvania Submits Nominations for Qualified Opportunity Zones to U.S. Department of Treasury

first_img SHARE Email Facebook Twitter Economy,  Infrastructure,  National Issues,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced that his administration has submitted the commonwealth’s allotted 300 census tracts across the state as Qualified Opportunity Zones, as created by the federal Tax Cuts and Jobs Act (TCJA) in December 2017. The U.S. Treasury Department is in the process of developing the Opportunity Zones program, and the IRS is expected to provide further information regarding opportunities for investment in zones in the coming months.“After gathering input from individuals and organizations throughout the state and examining where the areas of need intersect with potential investment, I have submitted nominations for Pennsylvania’s Qualified Opportunity Zones,” Governor Wolf said. “We are hopeful this new incentive will bring much-needed investment to many distressed areas across the commonwealth.”Pennsylvania had 1,197 census tracts eligible for Qualified Opportunity Zone status, and was given the opportunity to designate 25 percent, or a maximum 300 low-income community tracts as zones. The list of nominated tracts, additional data, evaluation criteria, and an interactive map can be found at DCED’s Qualified Opportunity Zones website. Final approval from the Department of Treasury is expected in May.The TCJA created the Qualified Opportunity Zones as a tool for promoting long-term investment in low-income communities. Through this program, investors are provided tax benefits for investing capital gains in low-income community census tracts, as well as certain tracts adjacent to low-income tracts. The new tax incentive is for private investors making private equity investments in funds that will then invest in businesses, real estate, and other ventures in low-income communities. The incentive offers deferral, reduction, and potential elimination of certain federal capital gains taxes.U.S. investors currently hold trillions of dollars in unrealized capital gains in stocks and mutual funds alone, making it a potentially significant untapped resource for economic development. Opportunity funds that invest in Qualified Opportunity Zones provide investors the chance to put that money to work rebuilding the nation’s distressed communities. The fund model will enable a broad array of private equity fund managers and investors to pool their resources, increasing the scale of investments going to under-served areas. Pennsylvania Submits Nominations for Qualified Opportunity Zones to U.S. Department of Treasurycenter_img April 20, 2018last_img read more

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Bulldogs And Pirates Girls Track Sectional Results

first_imgThe Girls Batesville Track and Field team traveled to Franklin County to begin their tournament series and compete in Sectionals Tuesday night.  The night started off pretty warm but became very nice as the sun went down.  Although Batesville didn’t have any individual Sectional champions we had several runner ups and many advancing to Regional competition next week.  Overall Batesville placed 4th as a team out of 13.Final team results were as follows: 1) East Central 198, 2) Franklin County 97, 3) Greensburg 69, 4) Batesville 64,  5) South Dearborn 53, 6) North Decatur 44,  7) Lawrenceburg 29, 8) Oldenburg Academy 23,  9) Milan 17, 10) South Ripley 10,  11) South Decatur 9,  12) Jac-Cen-Del and Rising Sun 5To qualify for Regional competition, competitors must place in the top 3 of their event, meet the state qualifying standards or be one of the 16 best places in the Sectionals feeding into that Regional.  Batesville will have 3 individuals and all 3 relays advancing on to compete at Regionals next Tuesday at Shelbyville.  They include: Stephanie Nobbe-runner up in the 200m dash, 3rd in 100m dash; Haylee Harmeyer-runner up in the 400m dash; Liz Loichinger-4th in the 1600m run (advancing as one of the 16 fastest times); 4 x 800m relay: runner up with Liz Loichinger, Emma Gausman, Britany Venis, Haylee Harmeyer (alternates include: Trysta Vierling, Ava Ralston, Cheyenne Laker, Taylor Rowlett); 4 x 100m relay: 3rd place with Gabby Gibbs, Taylor Rowlett, Morgan Meyer, Stephanie Nobbe (alternates include: Kayla Meyer, Michaela Nobbe, Roxi Hund, Haylee Harmeyer); 4 x 400m relay: 4th place but advancing as one of the 16 fastest times with Stephanie Nobbe, Taylor Rowlett, Emma Gausman, Haylee Harmeyer (alternates include: Shalee Harrington, Roxi Hund, Liz Loichinger, Britany Venis).Congratulations to all advancing to Regionals!Others placing and leading our team to a 4th place finish were:5th place: Liz Loichinger-800m run6th place: Gabby Gibbs-high jump, Morgan Meyer-long jump7th place: Trysta Vierling-3200m run, Morgan Meyer-high jump, Kayla Meyer-pole vault8th place: Roxi Hund-300m hurdles, Emma Gausman-800m runThere were also some personal records achieved and they were:Long Jump-Morgan Meyer and Taylor RowlettDiscus-Rebecca Deputy1600m run-Liz Loichinger4 x 100m relay-Gabby Gibbs, Taylor Rowlett, Morgan Meyer, Stephanie Nobbe4 x 400m relay-Stephanie Nobbe, Taylor Rowlett, Emma Gausman, Haylee Harmeyer4 x 400m relay splits-Taylor Rowlett and Emma GausmanWay to go ladies!  Boys Sectionals is Thursday at East Central.  Good luck Dogs!Courtesy of Bulldogs Coach Lisa Gausman.The Lady Pirates competed in the IHSAA Sectionals hosted by Franklin County on Tuesday night. Three individual Sectional Championships were claimed by the Greensburg Girls. Brenner Hanna was crowned the 1600 & 3200 Sectional Champion and Lily Grimes defended her Shot Put Championship title and was the Runner Up Champion of the Discus throw. It was a great night as 4 individuals & 1 relay team advanced to Regionals! Anna West advanced in both shot and discus, Cathy Newhart advanced in the 3200, and the 4 x 800 relay team of Cami Jones, Cathy Newhart, Julia Ankney, and Brenner Hanna qualified for Regionals.As a team the Lady Pirates placed 3rd in a field of 13 teams at Sectionals.Regionals will be hosted by Shelbyville next Tuesday.Courtesy of Pirates Coach Katina Tekulve.last_img read more

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Hudson-Odoi more concerned about Chelsea future

first_imgCallum Hudson-Odoi is worried about his future and he has been trying to know where he belongs in the plans of Chelsea boss, Frank Lampard. The Athletic reports the 19-year-old has played 10 minutes of Premier League football for Chelsea this term, and that’s also with Hakim Ziyech and Christian Pulisic out injured. The England international’s representatives are considering asking for a meeting next week to sort out his situation.Advertisement Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its GrowthPlaying Games For Hours Can Do This To Your BodyA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayBirds Enjoy Living In A Gallery Space Created For Them18 Beautiful Cities That Are Tourist MagnetsWhich Country Is The Most Romantic In The World?7 Black Hole Facts That Will Change Your View Of The UniverseThe Funniest Prankster Grandma And Her GrandsonThe Models Of Paintings Whom The Artists Were Madly In Love With7 Ways To Understand Your Girlfriend BetterThese TV Characters Left The Show And It Just Got BetterThe Very Last Bitcoin Will Be Mined Around 2140. Read More Loading… center_img read also:Bayern Munich consider reviving bid for Chelsea winger Hudson-Odoi Hudson-Odoi wants to know how much football he will realistically play this term. Bayern Munich were interested not long ago, and a loan move could be on the cards if Hudson-Odoi doesn’t get the answers he is looking for. FacebookTwitterWhatsAppEmail分享 last_img read more

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Ings riding high on confidence

first_img “Obviously scoring goals for the Under-21s is only one level down but I need to maintain my form for my club. As long as I keep scoring then who knows?” Ings’ Burnley colleagues have every confidence that step will come for the frontman. Winger Michael Kightly, the former Stoke man who set up Ings’ second goal on Saturday, said: “Danny is one of the best strikers I’ve played with. He is going to be a top player. “It scares you what he can do so young. I think he’ll be playing for England one day.” And Clarets defender Kieran Trippier said of Ings: “I think he can go all the way to the top. “It is only a matter of time before he will be playing for England.” Burnley’s win on Saturday made it back-to-back victories – their first wins of the season – after the 1-0 defeat of Hull and they are now off the bottom of the table. Stoke, who pulled a goal back through Jonathan Walters around the half-hour mark but could not make the sustained pressure thereafter count, had been hoping to make it two successive triumphs themselves, having beaten Tottenham 2-1 away in their previous match. Their struggle to find consistency this term continues and they have tough fixtures coming up, facing Liverpool, Manchester United, Arsenal and Chelsea before Christmas. The Potters – currently 11th – were guilty of sloppy play against Burnley as Ings notched close-range finishes in the 12th and 13th minutes, and defender Geoff Cameron said: “Maybe we have become too complacent. “We need to get on a bit of a run like we did last year. We’ve just got to keep our heads down, stay focused and work hard. “We know our schedule is tough ahead of us. We’ve got to take as many points as we can and make it difficult for them to play. “They are very good teams, but they are beatable teams.” Meanwhile, Stoke will assess Victor Moses after the on-loan Chelsea winger suffered an injury in what was an eventful game for him. Only around a month after he had been branded a diving “cheat” by Swansea boss Garry Monk, Moses was the subject of fresh controversy as he went to ground – seemingly very easily – in the Burnley box, an incident referee Martin Atkinson took no action over. He later departed the field clutching his leg, and Stoke boss Mark Hughes said: “It looked muscular but I’m not sure if it was his thigh or his hamstring. “We’ll check it on Monday and we hope it is not too serious – we have key games coming up and need people available.” Press Association Ings’ early brace in Saturday’s 2-1 Barclays Premier League win at Stoke took his tally to three goals in his last four games for his club, and came nine days after he netted twice in a friendly for England Under-21s. Certainly the 22-year-old, the Clarets’ top-scorer in their 2013-14 promotion campaign, has found his form again since returning to action in October following a spell out with a hamstring injury. And Ings said: “I’m enjoying my football and everyone knows that I’m at my best when I have a smile on my face. “I’m going out and knowing I’m going to score goals and be a problem. “I feel like I’m taking everything in my stride. I knew goals would not come as frequently as last year. “I think I’m coping with the league well, and that my form, touches and all-round game are improving every week, and now I’m getting goals as well. “The hamstring injury is probably the best thing that could have happened to me. My form since then has been a lot better. “It’s clear to see I’m improving and getting stronger.” While Ings making the step up to the England seniors is something he does not see happening just yet, he knows continuing to hit the back of the net is likely to put him in contention. “I’m only young and there’s a long way to go for that sort of step,” Ings said. Burnley striker Danny Ings feels he is going to score every time he takes to the pitch at the moment and has been backed by his team-mates to make a future breakthrough at senior level for England. last_img read more

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