PROVIDENCE – In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that will be designated as “opportunity zones.” The areas that will be named as opportunity zones will allow investors to qualify for tax incentives by reinvesting capital gains into qualified “opportunity funds” that will privately fund real estate projects, new businesses and startups, and the expansion of existing businesses. United States governors were authorized to designate 25 low-income census tracts. Gov. Gina M. Raimondo nominated the maximum amount of tracts to the U.S. Treasury Department, she announced Monday. The poverty rate for each of the nominated areas in Rhode Island was greater than 27 percent in Rhode Island, a rate that is higher than the state and each tract had a higher poverty rate than the state’s overall poverty level, according to the R.I. Commerce Corp. The state worked with a variety of … [Read more...] about Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Nestor Ramos Globe staff April 06, 2018 If you want to know how hard it is to pull off any meaningful police reforms in Massachusetts, just drive past a road construction site.For decades, Massachusetts governors have tried and failed to upend the expensive practice of employing police officers, not civilians, to direct traffic around most road work. One effort in 2008 estimated that the state could save about $100 million over 20 years by curtailing what’s known as “detail work” for police at road construction sites. And the plan didn’t even include the Turnpike, policed by the scandal-plagued State Police Troop E. The changes 10 years ago encouraged the use of civilian flaggers instead of police at many work sites. But the law was weak compared to the political power of police unions, and within a few years, the use of flaggers had … [Read more...] about Governors have been trying to fix the State Police for decades. Is this time different?
DRIVING THE DAY: President Obama holds an East Room presser at 1:30 p.m., then a closed-press, Roosevelt Room meeting on the fiscal cliff with business leaders, including a dozen top CEOs (Ford, Chevron, Walmart, IBM, etc.). A White House official said Obama will stress “the need to ensure we are giving certainty to the economy and to the vast majority of American families by pressing Congress to act to prevent taxes from going up on 98 percent of Americans and 97 percent of businesses at the end of the year.” --WashPost A1, “Obama makes opening bid on taxes In debt talks, he’ll seek $1.6 trillion more from corporations, the rich,” By Zachary A. Goldfarb and Lori Montgomery: “President Obama is taking a hard line with congressional Republicans heading into negotiations over the year-end fiscal cliff, making no opening concessions and calling for far more in new taxes than Republicans have so far been willing to consider. Obama plans to open talks … [Read more...] about OBAMA TAKES HARD OPENING LINE, will enlist country: Allies promise ‘another campaign’ — Valerie Jarrett, Liz Jarvis-Shean, Ben Rhodes, Condi bday
Driving the Day Listen to the Playbook Audio Briefing http://bit.ly/2p6PiM4 ... Subscribe on iTunes http://apple.co/2eX6Eay ... Visit the online home of Playbook http://politi.co/2f51Jnf Good Thursday morning. And welcome to the beginning of the White House Correspondents Dinner weekend. Story Continued Below PLAYBOOK EXCLUSIVE -- IVANKA TRUMP’S NEW BOOK PREFACE -- Ivanka Trump has said she won’t be doing the typical press and tour for her upcoming book “Women Who Work: Rewriting the Rules for Success,” but the first daughter did write the preface to the book just days before her father’s inauguration. -- EXCERPT OF THE PREFACE: "At the time I was writing this book, my father was running for president of the United States. ... Inspiring and empowering women who work -- at all aspects of their lives -- has been my mission throughout my entire career. Today, I have the opportunity to take that work to new heights and advocate for change on a far greater … [Read more...] about PUNT: GOP readies a one-week government funding bill — NAFTA here to stay — PLAYBOOK INTERVIEW: Treasury Secretary Steven Mnuchin — EXCLUSIVE: Ivanka’s new book’s preface — WHCA weekend party guide
INDIANAPOLIS — Hoosier lawmakers have agreed to rein in a state commission that repeatedly has frustrated Northwest Indiana fire chiefs and elected officials by temporarily preventing local carbon monoxide detector ordinances from taking effect.House Enrolled Act 1004, which advanced Tuesday to the governor's desk following a 90-0 House vote, prohibits the Indiana Fire Prevention and Building Safety Commission from continuing to issue nonspecific local ordinance denials.It previously passed the Senate, 49-0.If approved, as expected, by Republican Gov. Eric Holcomb, the commission would be required to cite the particular provisions of the state fire safety or building laws that form the basis for the commission halting a local safety ordinance from going into force.Several Region communities last year saw their carbon monoxide detector ordinances thwarted by the commission, seemingly without justification, as the Indiana Fire Code is silent on carbon monoxide detectors.After The … [Read more...] about State commission likely losing ability to reject local safety ordinances without justification